BlackRock Inc. received a commercial license to operate in Abu Dhabi, the latest sign that the asset manager is looking to deepen its ties across the region.

BlackRock, the multinational investment firm and spot Bitcoin exchange-traded fund (ETF) issuer, has received a commercial license to operate in Abu Dhabi, the capital of the United Arab Emirates. According to Bloomberg,

BlackRock expands to Abu Dhabi Global Market, targeting sovereign wealth funds and private markets after launching in Riyadh.

BlackRock has secured a commercial license to operate in Abu Dhabi, aiming to deepen engagement with local wealth funds.

The US asset manager’s Abu Dhabi move comes weeks it announced plans to set up its regional headquarters in Saudi Arabia

BlackRock secures a license to operate in Abu Dhabi, focusing on AI and private markets, strengthening its presence in the UAE

BlackRock has announced that it has obtained a commercial licence in Abu Dhabi and confirmed plans to seek regulatory authorisation to operate in the international financial centre, Abu Dhabi Global Market (ADGM).

BlackRock, the $11.5 trillion asset management giant and spot Bitcoin ETF issuer, has secured a commercial license to operate in Abu Dhabi. The company has strengthened its regional presence by appointing Mohammad Alfahim as UAE business head.