A new investment bank in Abu Dhabi is targeting wealthy women in the oil-exporting emirate, which has one of the highest levels of income per capita in the world, saying women have different investment needs than men. Al Bashayer Investment Company, whose senior officers are women based in Abu Dhabi, will offer corporate advisory, investment banking and brokerage alongside its wealth management services. (more…)
On 9 June 2010, In Alternative Investments, Islamic Finance, By staff
On 18 May 2010, In Alternative Investments, Job & Careers, By staff
Apex Fund Services, a fund administration business with over USD10bn in assets under management, is opening of an office in Abu Dhabi during the second half of 2010. Approval has been received from the Department of Economic Development in Abu Dhabi. The development enables Apex to build on its existing offices in Bahrain and Dubai.
On 26 April 2010, In Alternative Investments, By staff
Bank of Ireland Securities Services has presented the world’s first exchange-traded fund listed in the Persian Gulf. The company worked closely with the National Bank of Abu Dhabi and the Abu Dhabi Securities Exchange to develop the product.
On 15 April 2010, In Islamic Finance, Job & Careers, By staff
Sheikh Hamed Bin Zayed Al Nahyan has succeeded his late brother as managing director of sovereign wealth fund Abu Dhabi Investment Authority (ADIA), which holds hundreds of billions of dollars of assets.
On 9 March 2010, In Alternative Investments, Family Office and Wealth Management, Islamic Finance, Private Equity, By staff
Abu Dhabi is better known for holding the largest hydrocarbon resources in the country, which accounts for 95% of oil and 92% of natural gas, thus accounting for 9% of the world’s proven oil reserves. But remarkable, non oil and gas GDP constitutes 64% of the total GDP. This trend is reflected in Abu Dhabi with substantial new investment in real estate, tourism, Utilities and retail.
The economic progress has led to a greater demand in a lot of aspects. Therefore, infrastructure developments in terms of roads, power and water, ports etc, play a very crucial role. Reflecting this it should be here a platform for leaders both from the governmental as well as the industry sector discussing latest projects and aspirations of shifting Abu Dhabi from only a hydrocarbon producing state to a tourist destination as well. In parallel it is very important to provide investors with an opportunity to invest in the emirate on wide array of projects in different fields, which would help Abu Dhabi, achieve its “Economic Vision 2030”. (more…)
