Mirae Asset Global Investments, a Korean group with more than $800 billion in AUM globally, has established an office in the Dubai International Financial Centre (DIFC), thus strengthening its presence in the Middle East and expanding regional investors’ access to global investment opportunities.
Sovereign PPG, the region’s leading business formation and corporate services provider, has secured a licence to operate within the Qatar Financial Centre (QFC), expanding its ability to support regulated, specialist and cross-border business activity in the gas-rich country.
Flow, a global operator of branded residential real estate, has announced its expansion into the UAE after it was issued a Commercial Licence by the Dubai International Financial Centre (DIFC).
Deutsche Bank, the leading German bank with strong European roots and a global network, said it has been granted licence by the Ministry of Investment of Saudi Arabia (MISA) to set up its regional headquarters in Riyadh. This will be Deutsche Bank’s third legal entity in the kingdom.
WTW, a leading global advisory, broking and solutions company, has announced that it has received approval to operate within Dubai International Financial Centre. With this, WTW will be able to proactively arrange access to its full suite of regulated investment capabilities in and from DIFC.
Saudi Arabia has awarded licences to key industry players including Unigaz Arabia and Tazweed as well as a NGC-Zamil consortium for the establishment, development, operation and maintenance of strategic LPG infrastructure including filling and storage facilities across the kingdom.
Saudi-based Jabal Omar Development said it has won the licence from the Ministry of Tourism to operate the 205-key Rotana Hotel being developed as part of Phase Four of its mega project in Makkah. The Rotana Jabal Omar Hotel spans across three towers comprising 655 rooms and suites.
The Transport General Authority (TGA) has issued a licence to Saudi Arabia Railways (SAR) to operate container trains at additional stations across the kingdom's railway network, thus aiming to expand logistics connectivity between the country's ports and cargo terminals.
Lesha Capital, the Saudi-based subsidiary of leading Qatari shari’a-compliant investment bank Lesha, said it has obtained the licence from the kingdom's Capital Market Authority to fully operate as a regulated investment firm, in a major milestone in its regional expansion strategy.
SIBS, a major international specialist in industrialised, volumetric modular construction based in Sweden, has signed a strategic collaboration with Linq Modular, a part of UAE-based ALEC Holdings, to accelerate the delivery of large-scale, modular developments across the Middle East.
