American multinational investment company, BlackRock to open office in Kuwait

Kuwait's Capital Markets Authority said last week in a statement it had granted an investment adviser licence to BlackRock Advisors (UK) Ltd, a unit of the U.S. asset manager. Its Kuwait office will include teams in customer service, financial advisory and its Aladdin technology platform, according to the report. BlackRock, which oversees $12.5 trillion in assets, has markedly expanded its footprint across the Gulf, in Abu Dhabi, Riyadh and Doha, cementing partnerships that span fund management, infrastructure, and advisory (Read more at Yahoo Finance).