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BLK plans to set up an office in Kuwait to deepen its footprint in the Middle East and capitalize on the region's untapped potential.

BlackRock Inc. BLK is considering opening an office in Kuwait to deepen its presence in the Middle Eastern region. This was reported by Bloomberg, citing people familiar with the matter.

New York-based BlackRock, which manages more than $11 trillion in assets, has plans to expand its presence into Kuwait, Bloomberg reported on Monday. The US investment company is still in talks with ...