US asset manager BlackRock has obtained the regulatory approvals and commercial licences to establish its presence in Kuwait. The approvals were issued by the Kuwait Direct Investment Promotion Authority (KDIPA). The Director General of KDIPA, Sheikh Dr Meshaal Al-Jaber Al-Ahmad Al-Sabah, told news agency KUNA that Kuwait's commitment lies in "attracting value-added direct investments" and in the cultivation of “national competencies”. Media reports suggested that the establishment of BlackRock's office ...