Fidelity's Dubai office

Fidelity has opened its first Middle East office in Dubai to distribute investment products to retail clients in the region. Two new major distribution alliances are also soon to be agreed in the region. These will come on top of the existing agreements with Emirates Financial Services, Citibank, HSBC Bank Middle East, Standard Chartered Bank, Commercial Bank of Qatar, National Bank of Oman and Riyad Bank. Martin Cambridge, head of Middle East distribution at Fidelity, said: "By buying a mutual fund Middle East investors get professional investment management and a wide spread of underly...