With a combined GDP of roughly $1.8 trillion growing at an annual rate of at least 5%, there has been clear economic growth in the Middle East in recent years. The region has also seen a simultaneous expansion in its asset management industry.
In the Gulf Cooperation Council (GCC) – a group of countries comprising Saudi Arabia, Qatar, Oman, Kuwait, Bahrain and the United Arab Emirates (UAE) – it is estimated that there is a total of nearly $62 billion of assets under management. The number of
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