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0 -0.00204469262146204 -0.0019668489937414 0.000160876830622639 0.000290616210157097 0.00193571154265303 0.00171774938503539 0.000290616210157097
Stock impact report

BlackRock Receives Commercial License to Operate in Abu Dhabi [Yahoo! Finance]

Blackrock Health Sciences Trust (BME) 
Company Research Source: Yahoo! Finance
Abu Dhabi and Riyadh have been competing with Dubai to establish themselves as the primary business hub of the Middle East. Abu Dhabi and Riyadh control more than $1 trillion in sovereign wealth each, establishing them among the largest pools of capital globally. Per Charles Hatami, head of the Middle East for BlackRock, “Abu Dhabi has rapidly transformed into a global financial center. Its strategic location, proactive government policies, and commitment to sustainable growth make it an ideal location for capital markets.” BlackRock's CEO Larry Fink aims to capitalize on this opportunity by conducting operations in both countries. In sync with this, the company also intends to seek regulatory approval to engage in business in the Abu Dhabi Global Market, the city's financial center. This new office will enable the company to work closely with sovereign wealth funds, wealth managers and investment vehicles based in Abu Dhabi. BLK has been increasing its efforts to grow in the S Show less Read more
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