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- Bahrain All Share Index, Islamic Index close lower
- Qatar Free Zones, Russia's BIOCAD sign MoU on biotech activities in Qatar
- Gold price in Qatari market rises by 3.18% this week
- MSX Index closes higher at 4,305 Points
- Dollar rises from seven-month low
- Oman signs deal for world's first liquid hydrogen corridor to Europe
- Gulf Bank shortens working hours to support employee wellbeing and work-life balance
- Zain launches 'Bede' Fintech Platform in Sudan
- ECB cuts rates as Trump tariffs raise fears for eurozone growth
- Dubai gold price eases after record high - More drops ahead?
25/03/2025 10:06 AST
Now, Emirates NBD's high networth clients can access BlackRock's expertise to widen their alternate-investment choices, especially in private markets.
Until now, such access to the BlackRock universe would only be available to institutional investors. (Private markets represent the 'fastest-growing segment of asset management', with alternative assets expected to reach $30 trillion by the end of the decade.)
This follows a MoU the UAE financial institution signed up with one of the world's biggest fund managers.
BlackRock to create an investment platform that will provide the bank's wealth clients access to alternatives, specifically within private markets.
Emirates NBD Asset Management and BlackRock will launch an initial range of offerings to allow investors tap income and growth strategies on an 'exclusive basis' in the UAE wealth market.
BlackRock will deploy its 'open architecture approach' to support Emirates NBD Asset Management's plans to expand its private markets choices.
"The long-term goal is to democratise the alternative assets space and offer Emirates NBD's clients across the Middle East access to alternatives across all major asset classes," said a statement.
According to Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, "We are pleased to partner with BlackRock to offer access to best-in-class, products in alternative markets through a dedicated platform while supporting the growing needs of investors in the region."
Gulfnews
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Emirates NBD, Dubai's largest bank by assets, has denied media reports about potential acquisition plans. Since January 2023, there has been speculation linking Emirates NBD with several potential ac
Gulfnews
28/03/2018
The eleventh annual general meeting of Emirates NBD on Tuesday approved the bank's proposed increase of capital through a rights issue of new shares worth up to Dh7.3 billion.
The increase
Gulf News
23/03/2018
Emirates NBD could agree to buy Turkey's Denizbank within weeks, after intense lobbying by the Turkish bank to convince President Tayyip Erdogan of the benefits of the potential $5.3 billion deal.
Arab News
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18/04/2025
As part of its ongoing efforts to create an ideal work environment that reflects its deep commitment to employee wellbeing and work-life balance, Gulf Bank has announced a reduction in daily working
Kuwait Times
18/04/2025
Zain Fintech, the financial services arm of Zain Group, a leading provider of innovative technologies and digital lifestyle communications operating in eight markets across the Middle East and Africa
Kuwait Times
17/04/2025
Bullish on Qatar's macroeconomic prospects, Al Mahhar Holding is exploring options on expanding its manufacturing base for the energy sector over the medium term and aims to diversify into renewables
The Peninsula
17/04/2025
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Trade Arabia
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The Zain Group Annual General Meeting (AGM) was held at the Zain Group's headquarters in Kuwait, attended with a quorum of 79.2% of shareholders whereby they were presented with the Zain Group's 2024
Kuwait Times
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