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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: June 28, 2016
UAE. Private wealth in the UAE is projected to post a compound annual growth rate of 14.1% to reach almost $1 trillion in 2020; over the next five years, private wealth held by ultra-high-net-worth households in the Emirates is also expected to increase by a staggering 20%.
date:Posted: June 28, 2016
OMAN. Private wealth held by upper high-net-worth households in Oman is projected to increase by a healthy 8.8% over the next five years.
date:Posted: June 27, 2016
INTERNATIONAL. Markets participants are on edge and with many questions unanswered post the Brexit victory adding to the uncertainty, investor risk appetite has diminished.
UAE. Private wealth in the UAE is projected to post a compound annual growth rate of 14.1% to reach almost $1 trillion in 2020; over the next five years, private wealth held by ultra-high-net-worth households in the Emirates is also expected to increase by a staggering 20%.
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