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
china wholesale market

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: March 6, 2015
INTERNATIONAL. Classic cars (+16%) were again the top annual performer in the index, which tracks the price growth of 10 luxury investment sectors
date:Posted: March 6, 2015
INTERNATIONAL. Netanyahu is correct in suggesting that the traces of Iran's mischief are visible throughout the Middle East, including its financing of jihadist groups and other violent extremists, its meddling in Syria, Iraq, Lebanon, and Yemen.
date:Posted: March 6, 2015
INTERNATIONAL. Some 5,181 people saw their wealth rise beyond the US$30 million bracket, while 53 individuals became billionaires in 2014, taking the world's total billionaire population to 1,844.
INTERNATIONAL. Some 5,181 people saw their wealth rise beyond the US$30 million bracket, while 53 individuals became billionaires in 2014, taking the world's total billionaire population to 1,844.
dhgate