You are hereHome CategoriesNews
Abu Dhabi Investment Authority supports code for sovereign funds
Source: BI-ME and Bloomberg , Author: BI-ME staff
Posted: Sun October 12, 2008 12:00 am

UAE. Abu Dhabi Investment Authority, the world's biggest sovereign wealth fund, said it supports a code of 24 voluntary principles for sovereign wealth funds presented to a committee of the International Monetary Fund yesterday.

The International Working Group of Sovereign Wealth Funds, co-chaired by ADIA Director Hamad Al Hurr Al-Suwaidi, is also exploring the creation of Standing Group of Sovereign Wealth Funds, ADIA said in an e-mailed statement today.

ADIA, which according to the Economist Intelligence Unit has assets of about US$875 billion, set up an inter-departmental committee to oversee its compliance with the Generally Agreed Principles and Practices for the wealth funds, the statement said. 

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 26, 2016
INTERNATIONAL. For leaders who seek to create lasting peace, there is a solution known in military circles as Invincible Defense Technology (IDT); It comes from the fields of social sciences and quantum unified field theory.
date:Posted: July 26, 2016
UAE. KPMG survey reveals that companies who want to keep in front of change and secure competitive advantage are transforming themselves into fully integrated omni businesses.
date:Posted: July 26, 2016
UAE. New report from the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank Group seeks to unlock private sector potential by addressing constraints.
dhgate