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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.
The Middle East’s asset management sector experienced a significant surge in 2023, witnessing a remarkable…
Abu Dhabi has established MGX, a technology investment firm specializing in artificial intelligence, microchips, and cutting-edge technologies.
During the inaugural annual general meeting, the CEO of Dubai Future District Fund (DFDF), Sharif…