BlackRock Names New Kuwait Head as It Deepens Middle East Push

BlackRock Inc. has named a country head for its new office in Kuwait, as the world’s largest asset manager deepens ties to the oil-rich region.

Ali Al-Qadhi, who has overseen BlackRock’s client business in Kuwait and Qatar for the past two years, will lead the office, according to state-run KUNA news agency. The asset manager was granted a license earlier this month to open a branch in the country.