BlackRock Mulls Over Launching an Office in Kuwait, Expanding Presence

BlackRock Inc. (BLK) is considering opening an office in Kuwait to deepen its presence in the Middle Eastern region. This was reported by Bloomberg, citing people familiar with the matter.BLK is in discussions with regulators and could finalize a decision later this month.Rationale Behind BLK’s MoveAbu Dhabi and Riyadh have been competing with Dubai to establish themselves as the primary business hub of the Middle East. While global firms like Citigroup Inc. (C) and Morgan Stanley (MS) have increased their ...