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.
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Asset managers in the Middle East and North Africa are mulling expanding both regionally and further afield, according to a recent survey.
A meeting in Muscat attended by leaders of Bahrain, Kuwait, Qatar, Saudi Arabia and UAE concludes with plans to set up a Gulf central bank and introduce a common currency not unlike the euro.