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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: February 5, 2016
INTERNATIONAL. "Saudi regional leadership amounts to exploitation of a window of opportunity rather than reliance on the assets and power needed to sustain it. That window of opportunity exists as long as the obvious regional powers - Iran, Turkey and Egypt - are in various degrees of disrepair."
date:Posted: February 5, 2016
UAE. According to "When Women Thrive" Global Report, 10-year forecast shows Europe and North America struggling to achieve workforce equality; Asia and Middle East ranked lowest; Only 9% of organizations offer women-focused health, financial wellness; Leaders urged to focus on executive engagement and pay equity.
date:Posted: February 4, 2016
INTERNATIONAL. Russians potentially enter any discussions with a weaker hand. The Saudis and their Gulf Arab allies probably can withstand lower prices longer than the Russians. Russia lacks the financial resources the Saudis and their Gulf Arab allies have at their disposal.
UAE. According to "When Women Thrive" Global Report, 10-year forecast shows Europe and North America struggling to achieve workforce equality; Asia and Middle East ranked lowest; Only 9% of organizations offer women-focused health, financial wellness; Leaders urged to focus on executive engagement and pay equity.
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