02:14 PM EDT, 09/08/2025 (MT Newswires) -- BlackRock ( BLK ) is set to open an office in Kuwait as the asset manager furthers its expansion in the Gulf region, Reuters said Monday, citing Kuwaiti state news agency KUNA.

BlackRock ( BLK ) has appointed Ali AlQadhi to lead the operations in Kuwait, the report said, adding that AlQadhi currently heads BlackRock's ( BLK ) client business in Kuwait and Qatar.

The expansion comes after Kuwait's Capital Markets Authority granted an investment adviser license last week to BlackRock Advisors, a subsidiary of BlackRock ( BLK ), according to the report.

BlackRock ( BLK ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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