BlackRock Receives Commercial License to Operate in Abu Dhabi

Zacks11-19 22:27

BlackRock Inc. BLK has obtained a commercial license to conduct operations in Abu Dhabi, as reported by Bloomberg. This will, thus, expand its regional presence. BLK’s Rationale Behind This Move Abu ...

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BLK has obtained a commercial license to conduct operations in Abu Dhabi, as reported by Bloomberg. This will, thus, expand its regional presence.\nBLK’s Rationale Behind This Move\nAbu ...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackrock-receives-commercial-license-operate-142700408.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0002270589.USD","symbol_name":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/blackrock-receives-commercial-license-operate-142700408.html","article_id":"2484929730","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/V0nsg06o4v9O3lV4rYXXFA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/edb25d10e45af60c5d4a41341d213d75"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484929730","pubTimestamp":1732026420,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"BlackRock Inc. BLK has obtained a commercial license to conduct operations in Abu Dhabi, as reported by Bloomberg. This will, thus, expand its regional presence.Year to date, shares of BlackRock have gained 29.3% compared with the industry’s 37.5% growth.Currently, BLK sports a Zacks Rank #1 . You can see the complete list of today’s Zacks #1 Rank stocks here.Want the latest recommendations from Zacks Investment Research?Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report. AllianceBernstein Holding L.P.  : Free Stock Analysis Report. Reinsurance Group of America, Incorporated  : Free Stock Analysis Report. Apollo Global Management Inc.  : Free Stock Analysi","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","RZB":"Reinsurance Group of America, Incorporated","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0029874061.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" YDIS INC","BK4588":"碎股","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4581":"高盛持仓","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4504":"桥水持仓","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4135":"资产管理与托管银行","LU0128526141.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","BK4590":"PTP","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","APO":"阿波罗全球管理","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","LU0731783048.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC MONTHLY (G)","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU1509826696.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC B","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","BLK":"贝莱德","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0772969993.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) ACC","BK4019":"再保险","LU0742537680.HKD":"FIDELITY GLOBAL DIVIDEND \"A \" (HKD) INC","LU1481011671.HKD":"FIDELITY GLOBAL DIVIDEND \"A\" (HKDHDG) INC","AB":"联博控股","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0106831901.USD":"贝莱德世界金融基金A2","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4535":"淡马锡持仓","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","RGA":"美国再保险集团"},"translate_title":"贝莱德获得在阿布扎比运营的商业许可证","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APO":1,"AB":1,"BLK":1,"RZB":0.9,"RGA":0.9},"content_text":"BlackRock Inc. BLK has obtained a commercial license to conduct operations in Abu Dhabi, as reported by Bloomberg. This will, thus, expand its regional presence.\nBLK’s Rationale Behind This Move\nAbu 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 Saudi Arabian kingdom. Last month, the company obtained approval from Saudi Arabia to establish regional headquarters in Riyadh. Further, the company announced it would receive up to $5 billion from the Public Investment Fund to invest in the Middle East and develop a Riyadh-based investments team.\nBlackRock’s Zacks Rank & Price Performance\nYear to date, shares of BlackRock have gained 29.3% compared with the industry’s 37.5% growth. \nImage Source: Zacks Investment Research\nCurrently, BLK sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nExpansion Initiatives by Other Finance Firms\nEarlier this month, AllianceBernstein L.P. AB entered into a partnership with Reinsurance Group of America, Incorporated RGA to expand its insurance business.AB has been selected as one of the leading investors in Ruby Reinsurance Company, a reinsurance sidecar vehicle sponsored by RGA. It focuses on the U.S. asset-intensive market. AB plans to manage private alternative assets for RGA’s general account through this transaction.Similarly, Apollo Global Management Inc. APO extended its multi-billion-dollar partnership with Mubadala Investment Company, which is focused on global origination opportunities. This strategic move will further bolster APO’s Capital Solutions business and augment its ability to originate investment opportunities across asset classes.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nBlackRock, Inc. (BLK) : Free Stock Analysis Report\nAllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report\nReinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report\nApollo Global Management Inc. (APO) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484929730"}