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:
May 28th 2023: 3.36 btc payments proof added on Payment Proof page,Gemini Cryptocurrency Exchange Opens European Headquarters in Ireland Amid Growing US Regulatory Uncertainty.
May 23th 2023: Bitget, a cryptocurrency exchange, successfully obtained a regulatory license to operate in Poland.
May 18th 2023: Crypto exchange Coinbase has announced new benefits for members of its premium service, “Coinbase One.” The company has been promoting its trading venue as it contemplates launching an international branch.
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May 2nd 2023: 3.31 btc payments proof added on Payment Proof page, Bitcoin price suffered a setback today, May 2, as its price slipped below the crucial $28,000 level following a four-month-long solid streak. Bitcoin’s recent 73% recovery from the 2020 crypto market crash has come to a halt near the $30,000 level, leaving traders eagerly waiting for new catalysts to boost the cryptocurrency’s value.
April 26th 2023: BTC climbed Tuesday afternoon as Google and Microsoft's first-quarter earnings surpassed expectations. Both equities and Treasury yields were down on Tuesday, however.A bitcoin is $ 35,000 more expensive in Argentina than anywhere else in the world, according to the price data of two of Argentina’s largest cryptocurrency exchanges.
April 17th 2023: Coinbase has outlined its ambitions for the future of decentralized finance (DeFi) in the UK, building on its recent praise for the country's cryptocurrency developments.
April 11th 2023: 0.55 btc payments proof added on Payment Proof page,Financial titans Fidelity and Bank of America are now indirect owners of Bitcoin (BTC) after the two firms heavily accumulated shares of MicroStrategy (MSTR) in Q1 this year.
April 4th 2023: BTC needs a catalyst to break the $30,000 threshold. DOGE spikes after Twitter CEO Elon Musk changes the logo on the social media platform to the Dogecoin symbol from a blue bird.
March 25th 2023: Nasdaq finally joins the ranks of TradFi giants such as Fidelity, BNY Mellon, and BlackRock in offering crypto services. The exchange plans to launch its crypto business with custody services for Bitcoin and Ethereum.
March 16th 2023: India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade.
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