Saudi Arabia’s Public Pension Agency (PPA) is bullish on internal investments, according to its governor Mohamed Al-Kharashi.

Kuwait’s Capital Market Authority (CMA) has started to implement a new suite of fund regulations, with local fund managers expected to comply before the year is out.

Kuwait’s Boubyan Bank has launched an open-ended money market fund which will invest in Shariah-compliant short and medium-term instruments available in the financial markets.

Dubai’s GulfMena Investments and Qatar’s First Investment Bank (QFIB) have established a Tebyan Asset Management in a new joint venture.

UAE-based fund managers are threatening to leave the jurisdiction in response to new draft regulations issued by the Emirates Securities and Commodities Authority (SCA), Mena FM has learned.