Browsing: asset management

The Dubai International Financial Centre (DIFC) has unveiled a series of strategic initiatives designed to…

The Securities and Commodities Authority (SCA) announced a significant rise in Assets Under Management (AUM) by firms authorised to manage portfolios and investment funds, totalling approximately AED 35B. This increase is attributed to the SCA’s ongoing initiatives to enhance the UAE’s asset management sector and fortify its regulatory framework in accordance with international standards, aligning with the UAE’s ambition to establish itself as a premier global hub for asset management.

Abu Dhabi state investor Mubadala and CBC Group have agreed to acquire UCB’s Chinese neurology and allergy business for $680M. This deal, expected to close in Q4 2024 pending regulatory approval, includes UCB’s neurology products (Keppra, Vimpat, Neupro) and allergy medications (Zyrtec, Xyzal), as well as the Zhuhai manufacturing site. UCB confirmed that this transaction will not affect its 2024 forecasts.

Dubai Electricity and Water Authority (DEWA)’s Research and Development (R&D) Centre has introduced a digital-first approach for evaluating critical assets like power transformers and overhead lines (OHL). This method does not require on-site sensors or hardware; only asset data and their locations are needed.

SEDCO Capital, a Saudi asset management and investment advisory firm adhering to Shariah and ESG standards, has launched the SEDCO Capital IPO Fund.

The Abu Dhabi Global Market (ADGM) announced a 31 per cent rise in new company registrations during the first half of 2024, bringing the total number of active companies to 2,088, including 231 financial institutions.

Abu Dhabi Global Market (ADGM), the UAE capital’s international financial centre, has sustained its remarkable growth, recording exceptional performance in the first half of 2024.

Global investment management firm Franklin Templeton announced on Monday that it is launching seven feeder funds in the UAE aimed at retail investors through its two Dubai International Financial Centre–based fund ranges: Franklin Templeton Investments Feeder Funds and Franklin Templeton Shariah Feeder Funds.

Arab Bank Group Reports Robust Profit Growth Arab Bank Group reported solid results for the…

Global investment management firm Franklin Templeton is expanding its Middle East presence with the launch…