Abu Dhabi is the capital
and second most populous city in the United Arab Emirates
(UAE). Approximately 1.45 million people live in Abu Dhabi -
80% of which are expatriates. It is one of the world's
largest producers of oil, and is one of the world's
financial superpowers. Abu Dhabi is the wealthiest emirate
of the UAE - due largely to Gross Domestic Product and per
capita income. The average net worth of Abu Dhabi's citizens
is AED 62 million (US$ 17 million). More than 1$ trillion is
invested worldwide in this city alone. It is ranked third in
the world for GDP. The Abu Dhabi Investment Authority (ADIA)
is Abu Dhabi's sovereign wealth fund, and is the world's
wealthiest. It currently holds an estimated US$ 875 billion.
Abu Dhabi is currently experiencing an incredible real
estate and oil production advantage. This is creating
incredible wealth for the emirate and for investors, in
addition to its already powerful financial services.
It is now considered the frontrunner of superpowers,
surpassing Dubai.
The Abu Dhabi manages some 80% of its assets, with around 65% "managed externally in areas including equities, fixed income, money markets, alternative investment, real estate and infrastructure, and private equities. We engage managers across the risk spectrum, from index-replicating to actively managed mandates, and typically tailor each investment to our specific needs and internal guidelines."Norway’s sovereign wealth fund is the largest in the world and with over $1.03 trillion in assets it is growing fast.
Investment Program News:
September 21th 2023: Bybit, a Dubai-based cryptocurrency exchange, announced the listing of the PayPal USD stablecoin, PYUSD.PYUSD is a stable coin issued by Paxos, a regulated financial company based in New York. The listing of PYUSD marks a significant collaboration between Bybit and PayPal, two leading players in the traditional and crypto payments sectors.
September 15th 2023: Japan is looking to relax restrictions on how startups raise funds with a view to revamping the sector amid growth in venture capital funding.
September 1st 2023: Bitwise Asset Management has withdrawn its application for a Bitcoin and Ethereum Market Cap Weight Strategy ETF. Bitwise Asset Management has withdrawn its application for a Bitcoin (BTC) and Ether (ETH) Market Cap Weight Strategy exchange-traded fund.
August 23th 2023: 0.798 bitcoins sent into a Finland Investor,Citibank explores the potential of Central Bank Digital Currencies (CBDCs) to revamp securities settlements based on securities firms survey.
August 6th 2023: Payments giant Western Union is collaborating with a $75 billion bank to study the effects of a US central bank digital currency (CBDC).
July 31st 2023: 0.63 btc sent to a Ukraine Investor, Tether released its Q2 2023 certification report on July 31, and according to the report, Tether posted an “operating profit” of $1 billion in the second quarter, down of approximately 30 times.% of first-quarter earnings of $1.48 billion.
July 24th 2023: Binance has announced it will list Worldcoin’s native token WLD, which is already available on Huobi, OKX, and Bybit.
July 21th 2023: Dogecoin was one of the standout gainers during a quiet session, as the meme coin raced to a multi-month high. Prices rose as traders continued to react to a recent tweet from Elon Musk.
July 14th 2023: 0.73 btc sent to a Portuguese Investor, The launch of Europe’s very first Bitcoin ETF comes amid the clamor from large fund managers to get a Spot ETF approved in the United States.
July 7th 2023: The UAE government aims to establish the country as a global hub for cryptocurrency and blockchain innovation. Several recent initiatives show the country is serious about becoming a leader in this emerging industry.
July 3rd 2023: The world’s largest crypto exchange Binance is facing increasingly harsh regulatory headwinds in Europe. Bafin’s rejection of a license application is just the icing on the cake. In contrast, the exchange is finding an attractive alternative in the United Arab Emirates.
June 26th 2023: In light of recent enforcement actions in the United States, Binance is turning its attention to the United Arab Emirates (UAE) as a significant focus for its future operations.
June 18th 2023: 1.17 btc payments proof added on Payment Proof page,Bank of England's Project Rosalind, in collaboration with the Bank for International Settlements (BIS), has brought the debut of the digital pound one step closer.
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