BlackRock to open office in Kuwait

BlackRock secures licences to operate in Kuwait

US asset manager BlackRock has obtained the regulatory approvals and commercial licences to establish its presence in Kuwait.   The approvals were issued by the Kuwait Direct Investment Promotion Authority (KDIPA).   The Director General of KDIPA, Sheikh Dr Meshaal Al-Jaber Al-Ahmad Al-Sabah, told news agency KUNA that Kuwait’s commitment lies in “attracting value-added direct investments” and in the cultivation of “national competencies”.  Medi…

World’s largest asset manager BlackRock sets up Kuwait office - Times Kuwait

• Larry Fink, the CEO and Chairman of BlackRock said, “Our decades-long partnership with the State of Kuwait is one of our most cherished and important international relationships. The Kuwait Direct Investment Promotion Authority (KDIPA) announced that BlackRock has received regulatory approvals and commercial licenses to operate in Kuwait, a step seen as reflecting the company’s confidence in the country’s economic development, Al Qabas newspap…

BlackRock to open office in Kuwait

AlQadhi already heads BlackRock's client business for Kuwait and Qatar, a role he will continue, the agency reported