SFC recovers $191m for investors; Singapore retail market opens up; Algo trading put under the microscope; Saudi restricts foreign buying to 10%; and hedge funds urged to upgrade cyber security.
Tag : gcc
There are more than half a million wealthy individuals in the Gulf Cooperation Council region with too few private bankers to serve them. It could be time for wealth managers to step up.
![Time for private banks to tap Gulf wealth?](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2Fgigapixel-image-dubai.jpg&c=1&h=194&q=100&v=20241427&w=344)
The Qatari fund manager would consider a partnership with an Asian firm, but first wants to boost its local equity penetration – a tough ask in the Middle East.
![Amwal may look to east Asia in future](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FAfa%20Boran.jpg&c=1&h=194&q=100&v=20241427&w=344)
Even relative safe havens such as the GCC countries have suffered from turbulence in the wider Middle East and North Africa, despite the region’s potential.
![Foreign investors still shunning Middle East](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FQatar%20finance%20minister%20crop.jpg&c=1&h=194&q=100&v=20241427&w=344)
Asset managers in the Middle East and North Africa are mulling expanding both regionally and further afield, according to a recent survey.
![Gulf fund houses eye foreign opportunities](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FDoha%20Qatar.jpg&c=1&h=194&q=100&v=20241427&w=344)