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Region’s first tokenized money market fund launches in DIFC
The QCD Money Market Fund (QCDT) is structured for institutional use cases
HSBC opens its first Mena wealth center in Dubai
Plus: Emicool enters Abu Dhabi
ADGM is region’s largest IFC as AUM surge
The financial center issued 1.9k new licenses during the period, up 47% y-o-y
UAE banks top GCC growth in 2Q
Net income rose 3.2% q-o-q, the second biggest absolute gain in the region
Drilling kicks off at EOG Resources-operated shale block in the UAE
Plus: Stronghold Capital secures DFSA approval to operate as a hedge fund manager in DIFC
Liechtensteinische Landesbank exits UAE, while Rothschild steps in
The agreement transfers about CHF 1 bn (USD 1.3 bn) in assets and some 20 staff to Rothschild and Co
THIS MORNING: Wall Street perks now in demand across UAE funds amid cutthroat competition + Adnoc Distribution plans KSA expansion
Plus: Four UAE landmarks top TripAdvisor's regional attractions list
AES taps new CEO for AES Private Wealth and Family Office
The new hire will help extend its services to globally-mobile families across MENA
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