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GCC asset managers benefit from economic diversification, foreign investment

The asset management industry in the Gulf Cooperation Council (GCC) countries is set to grow at a steady pace over the next decade, supported by the region's increased diversification away from oil, and by new regulations designed to attract foreign investors. Fund managers will likely attract more assets under management (AUM), expanding their revenue base. However, they will also face challenges as increased asset inflows test their capacity constraints, and as a more sophisticated client base demands a broader range....

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