{"id":14357,"date":"2025-07-22T21:30:08","date_gmt":"2025-07-22T21:30:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/14357\/"},"modified":"2025-07-22T21:30:08","modified_gmt":"2025-07-22T21:30:08","slug":"germanys-1-36-trillion-asset-manager-dws-plans-abu-dhabi-office","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/14357\/","title":{"rendered":"Germany’s $1.36 trillion asset manager DWS plans Abu Dhabi office"},"content":{"rendered":"

DWS Group, a German investment manager with \u20ac1.01 trillion ($1.36 trillion) in assets under management, plans to expand its global footprint by opening an office at Abu Dhabi\u2019s financial centre ADGM<\/a>.<\/p>\n

The Frankfurt-headquartered asset manager expects to start serving clients in the Emirates from its first Middle East outpost later this year, a DWS spokesperson told The National. <\/p>\n

DWS, which is majority-owned by German lender Deutsche Bank, has received interest from at least a dozen staff members who are keen to move to the UAE capital, its chief executive Stefan Hoops told the Financial News.<\/p>\n

\u201cSince we said we would open a branch we’ve had plenty of colleagues internally saying: ‘Hey, can I work from there?’\u201d Mr Hoops told the London newspaper. \u201cI don’t think London has to worry about Abu Dhabi, but it’s pretty attractive for a variety of reasons.\u201d<\/p>\n

The asset manager plans to move \u201cpeople that will do things for the Middle East\u201d, he said. \u201cBut I could imagine moving more people if they want to be there. Why not? It’s a diversification of time zone coverage. If somebody wants to move, we will support their move,\u201d Mr Hoops added.<\/p>\n

DWS joins a rapidly expanding list of asset managers, insurers, financial institutions and investment houses that have set up a base or have announced plans to call the financial hub<\/a> their home. <\/p>\n

It is also the latest trillion-dollar asset manager to choose Abu Dhabi as its base for Middle East expansion.<\/p>\n

Partners Group, a Switzerland-based private market investment company with $150 billion client assets, announced the opening of a regional headquarters at ADGM in June. <\/p>\n

In the same month, Harrison Street, a $56 billion US-based property and infrastructure investment manager, also said it is entering the Middle East market with the opening of an office at ADGM<\/a>.<\/p>\n

In February, German asset manager Patrizia was granted approval by the Financial Services Regulatory Authority<\/a> to start operations at ADGM. The company, which has about \u20ac55 billion in assets under management, plans to arrange and advise real estate investments for clients in the region.<\/p>\n

New York-based BlackRock, the world’s top asset manager with nearly $11.5 trillion in assets under management, in November received a commercial licence to operate at ADGM<\/a>.<\/p>\n

In September, ADGM welcomed its first trillion-dollar asset managers when PGIM<\/a>, the global asset management business of Prudential Financial was granted a licence. Chicago investment firm Nuveen<\/a>, soon followed, with both firms aiming to expand their operations and client bases in the Middle East.<\/p>\n

The flurry of new additions pushed up the number of companies<\/a> in ADGM during the first quarter of this year, with assets under management also increasing by 33 per cent annually, the financial hub<\/a> said in June.<\/p>\n

The total number of businesses operating at ADGM rose by 43 per cent annually to 2,781 in the first three months of 2025, it said. At the end of last year, the financial zone had 2,381 operational entities.<\/p>\n

KILLING OF QASSEM SULEIMANIMore from Neighbourhood Watch:UAE currency: the story behind the money in your pocketsLearn more about Qasr Al Hosn<\/p>\n

In 2013, The National’s History Project went beyond the walls to see\u00a0what life was like living in Abu Dhabi’s fabled fort:<\/p>\n

\u00a0<\/p>\n

One in nine do not have enough to eat<\/p>\n

Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.<\/p>\n

One of the organisation\u2019s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.<\/p>\n

The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.<\/p>\n

Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.<\/p>\n

It is currently estimated that one in nine people globally do not have enough to eat.<\/p>\n

On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.<\/p>\n

Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.<\/p>\n

\u00a0<\/p>\n

Specs <\/p>\n

Engine: 51.5kW electric motor<\/p>\n

Range: 400km<\/p>\n

Power: 134bhp<\/p>\n

Torque: 175Nm<\/p>\n

Price: From Dh98,800<\/p>\n

Available: Now<\/p>\n

The%20specs<\/p>\n

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Company Profile<\/p>\n

Company name: Yeepeey<\/p>\n

Started: Soft launch in November, 2020<\/p>\n

Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani<\/p>\n

Based: Dubai<\/p>\n

Industry: E-grocery<\/p>\n

Initial investment: $150,000<\/p>\n

Future plan: Raise $1.5m and enter Saudi Arabia next year<\/p>\n

The specs: 2018 Nissan Patrol Nismo<\/p>\n

Price: base \/ as tested: Dh382,000<\/p>\n

Engine: 5.6-litre V8<\/p>\n

Gearbox: Seven-speed automatic<\/p>\n

Power: 428hp @ 5,800rpm<\/p>\n

Torque: 560Nm @ 3,600rpm<\/p>\n

Fuel economy, combined: 12.7L \/ 100km<\/p>\n

The specs<\/p>\n

Engine: 2.0-litre 4cyl turbo<\/p>\n

Power: 261hp at 5,500rpm<\/p>\n

Torque: 405Nm at 1,750-3,500rpm<\/p>\n

Transmission: 9-speed auto<\/p>\n

Fuel consumption: 6.9L\/100km<\/p>\n

On sale: Now<\/p>\n

Price: From Dh117,059<\/p>\n

UPI facts<\/p>\n

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions<\/p>\n

World Cricket League Division 2<\/p>\n

In Windhoek, Namibia –\u00a0Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.<\/p>\n

UAE fixtures<\/p>\n

Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final<\/p>\n

Spider-Man%202<\/p>\n

%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Insomniac%20Games%0D%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20%20Sony%20Interactive%20Entertainment%0D%3Cbr%3E%3Cstrong%3EConsole%3A%20%3C%2Fstrong%3EPlayStation%205%0D%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A<\/p>\n

SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2)<\/p>\n

%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.7%E2%80%9D%20LPTO%20Amoled%2C%202412%20x%201080%2C%20394ppi%2C%20HDR10%2B%2C%20Corning%20Gorilla%20Glass%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Qualcomm%20Snapdragon%208%2B%20Gen%202%2C%20octa-core%3B%20Adreno%20730%20GPU%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F12GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%20128%2F256%2F512GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20Android%2013%2C%20Nothing%20OS%202%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Dual%2050MP%20wide%2C%20f%2F1.9%20%2B%2050MP%20ultrawide%2C%20f%2F2.2%3B%20OIS%2C%20auto-focus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2030%2F60fps%2C%201080p%20%40%2030%2F60fps%3B%20live%20HDR%2C%20OIS%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2032MP%20wide%2C%20f%2F2.5%2C%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%20video%3A%3C%2Fstrong%3E%20Full-HD%20%40%2030fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%204700mAh%3B%20full%20charge%20in%2055m%20w%2F%2045w%20charger%3B%20Qi%20wireless%2C%20dual%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%2C%20Bluetooth%205.3%2C%20NFC%20(Google%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Fingerprint%2C%20face%20unlock%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP54%2C%20limited%20protection%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20Dual-nano%20SIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Dark%20grey%2C%20white%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Nothing%20Phone%20(2)%2C%20USB-C-to-USB-C%20cable%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%20(UAE)%3A%3C%2Fstrong%3E%20Dh2%2C499%20(12GB%2F256GB)%20%2F%20Dh2%2C799%20(12GB%2F512GB)%3C%2Fp%3E%0A<\/p>\n

More from Aya IskandaraniUAE currency: the story behind the money in your pocketsUAE currency: the story behind the money in your pocketsJetour T1 specs<\/p>\n

Engine: 2-litre turbocharged<\/p>\n

Power: 254hp<\/p>\n

Torque: 390Nm<\/p>\n

Price: From Dh126,000<\/p>\n

Available: Now<\/p>\n

MATCH INFO<\/p>\n

Manchester United v Manchester City, Wednesday, 11pm (UAE)<\/p>\n

Match is on BeIN Sports<\/p>\n

Representing%20UAE%20overseas<\/p>\n

%3Cp%3E%0DIf%20Catherine%20Richards%20debuts%20for%20Wales%20in%20the%20Six%20Nations%2C%20she%20will%20be%20the%20latest%20to%20have%20made%20it%20from%20the%20UAE%20to%20the%20top%20tier%20of%20the%20international%20game%20in%20the%20oval%20ball%20codes.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESeren%20Gough-Walters%20(Wales%20rugby%20league)%3C%2Fstrong%3E%0D%3Cbr%3EBorn%20in%20Dubai%2C%20raised%20in%20Sharjah%2C%20and%20once%20an%20immigration%20officer%20at%20the%20British%20Embassy%20in%20Abu%20Dhabi%2C%20she%20debuted%20for%20Wales%20in%20rugby%20league%20in%202021.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESophie%20Shams%20(England%20sevens)%3C%2Fstrong%3E%0D%3Cbr%3EWith%20an%20Emirati%20father%20and%20English%20mother%2C%20Shams%20excelled%20at%20rugby%20at%20school%20in%20Dubai%2C%20and%20went%20on%20to%20represent%20England%20on%20the%20sevens%20circuit.%20%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3EFiona%20Reidy%20(Ireland)%3C%2Fstrong%3E%0D%3Cbr%3EMade%20her%20Test%20rugby%20bow%20for%20Ireland%20against%20England%20in%202015%2C%20having%20played%20for%20four%20years%20in%20the%20capital%20with%20Abu%20Dhabi%20Harlequins%20previously.%0D%3C%2Fp%3E%0A<\/p>\n

The specs<\/p>\n

Engine:\u00a04.0-litre V8<\/p>\n

Power:\u00a0503hp at 6,000rpm<\/p>\n

Torque:\u00a0685Nm at 2,000rpm<\/p>\n

Transmission:\u00a08-speed auto<\/p>\n

Price:\u00a0from Dh850,000<\/p>\n

On sale:\u00a0now<\/p>\n

Killing of Qassem SuleimaniWho has been sanctioned?<\/p>\n

Daniella Weiss and Nachala
Described as ‘the grandmother of the settler movement’, she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.<\/p>\n

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.<\/p>\n

Zohar Sabah
Runs a settler outpost named Zohar\u2019s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel\u2019s State Attorney\u2019s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.<\/p>\n

Coco\u2019s Farm and Neria\u2019s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for\u202factivities that amount to \u201cserious abuse\u201d.<\/p>\n

more from Janine di GiovanniCompany%20Profile<\/p>\n

%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Raha%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Kuwait%2FSaudi%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Tech%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2414%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Soor%20Capital%2C%20eWTP%20Arabia%20Capital%2C%20Aujan%20Enterprises%2C%20Nox%20Management%2C%20Cedar%20Mundi%20Ventures%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20166%3C%2Fp%3E%0A<\/p>\n","protected":false},"excerpt":{"rendered":"DWS Group, a German investment manager with \u20ac1.01 trillion ($1.36 trillion) in assets under management, plans to expand…\n","protected":false},"author":2,"featured_media":14358,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[944,64,63,99,15785,164,186,171,184,185,156,155],"class_list":{"0":"post-14357","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-abu-dhabi","9":"tag-au","10":"tag-australia","11":"tag-business","12":"tag-business-team","13":"tag-economy","14":"tag-finance","15":"tag-markets","16":"tag-personal-finance","17":"tag-personalfinance","18":"tag-standard","19":"tag-story"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/14357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=14357"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/14357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/14358"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=14357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=14357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=14357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}