Middle East’s Asset Management Industry Navigates Growth Challenges and Seeks New Avenues
The Middle East’s asset management industry defies economic headwinds with $1.3 trillion in assets under management, marking a remarkable 7 percent compound annual growth rate. While outperforming European and American peers, leaders in the region face a critical turning point. They must reassess strategies to regain profit growth and navigate a changing landscape. Prioritizing profitability, exploring high-growth alternative investments, and embracing technology for personalized client experiences are key strategies for success. The industry’s resilience and adaptability position it for continued growth in the Middle East’s dynamic market.
Annual Investment Meeting brings to focus the opportunities and challenges of investing in distressed assets and non-performing loans (NPLs)
Investment experts from around the world discussed the opportunities and challenges of investing in distressed assets and non-performing loans (NPLs) at the 12th edition of the The Annual Investment Meeting (AIM), which took place at the Future Room located at the Abu Dhabi National Exhibition Centre.
Chipmakers revive stocks as euro struggles after freefall
Chipmakers revived stock markets on Thursday, helping to sooth investor worries over a potentially rapid recession because of looming rate hikes, while the euro struggled near a 20-year parity with the safe-haven dollar.
Credit Suisse Group rating downgraded by S&P
Credit Suisse Group AG’s (CSGN.S) credit rating has been downgraded to BBB from BBB+ by Standard & Poors, a blow for the Swiss bank which reported a first quarter loss and is facing increasing shareholder unrest following a string of scandals.
