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- Sohar International, Liva sign RO63mn loan deal
- Abyat joins NBK Rewards Program
- Aamal Company to buy Golden Aamal Tower for QR478.4mn
- Bank Muscat posts net profit of RO125.82mn
- Woqod posts net profit of QR460mn in H1; recommends QR0.48 interim dividend
- 'Dubai First Home': 10% off on property prices - but no discounts on mortgages
- Sohaila Rahman named Alba chief legal officer
- IHC acquires UAE's top private financing platform for SMEs
- Fed on hold - but rate cuts are coming sooner, says expert
- Saudi Arabia Stockpiles Surplus Oil Production to Face Global Crises
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
20/05/2025
The Reserve Bank of India (RBI) has given an in-principle approval to UAE's Emirates NBD Bank PJSC to set up a wholly owned subsidiary (WOS) in India.
Emirates NBD is currently conducting co
Gulfnews
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
22/04/2025
Emirates NBD's profit before tax stirred up a sharp 56% quarter-to-quarter growth to Dh7.8 billion for the first three months of 2025. The key fundamentals - 'lending momentum, improvement in deposit
Gulfnews
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16/07/2025
In line with its commitment to enabling strategic partnerships that support sustainable business growth, Sohar International has signed a consolidated loan agreement with Liva Group, a leading multi
Muscat Daily
16/07/2025
Reflecting its commitment to enriching the banking experience of its customers by providing exclusive offers and special rewards, National Bank of Kuwait announced the joining of Abyat, a leading com
Kuwait Times
16/07/2025
Aamal Company has entered into an agreement with Al Jazi Real Estate to purchase the Golden (Aamal) Tower located in Onaiza, for a total price of QR478.4mn.
The purchase price was determined
Gulf Times
16/07/2025
Bank Muscat, the flagship financial institution in the Sultanate of Oman, announced its preliminary unaudited results for the six months ending on June 30.
The bank posted a net profit of RO
Muscat Daily
16/07/2025
Woqod - which has exclusive concession in Qatar to distribute, sell, transport and market refined petroleum products and gas to airports and seaports - has reported net profit of QR460mn, translating
Gulf Times
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