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:
November 18th 2024: Pepe (PEPE) has seen significant growth lately, with its price increasing by over 58% in the past week. It is currently trading between $0.000009034 and $0.00001431. The coin is nearing its resistance level at $0.00001629. If it breaks through, it could reach the next level at $0.00002157. The 10-day Simple Moving Average is above the 100-day average, indicating positive momentum. The Relative Strength Index is at 54.50, which suggests there’s still room for growth. With the anticipated altcoin season and a global crypto bull run on the horizon, PEPE could see its price rise even further.
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October 3rd 2024: We updated the bitcoin address for accept deposit from investors,Crypto asset manager Bitwise has made a significant move by submitting an initial registration statement to the US Securities and Exchange Commission (SEC) on Wednesday for its spot XRP ETF.
September 22th 2024: Grayscale’s XRP trust has grown noticeably since launch, a development which spells positive momentum for the digital asset. As one of the leading cryptocurrency asset managers in the world, Grayscale’s decision to unveil the first XRP trust in the US last week signaled the beginning of an institutional influx of funds into the cryptocurrency.
September 8th 2024: Binance Kazakhstan has received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license. This is a significant step towards achieving a fully regulated Digital Asset Trading Facility (DATF) status, the first of its kind in Kazakhstan.
August 25th 2024: India-based cryptocurrency exchange WazirX has announced that it will resume Indian rupee (INR) withdrawals starting August 26, 2024. This comes in the wake of a recent hack that saw the firm lose $234 million in investor’s funds due to a security glitch. It released the information publicly through an official notice, specifically on August 23, regarding the phased restoration of withdrawal services.
August 2nd 2024: 0.71 BTC sent to an investor, Coinbase stock price has been in a freefall, dropping for eight consecutive days, but one analyst believes that it could rebound to $295, ~40% above its Friday’s open.
July 19th 2024: SHIB Burn: The Shiba Inu meme cryptocurrency has once again garnered significant investor attention despite showing signs of a correction today, July 18. Market sentiments are brimming with optimism primarily due to a colossal 4800% surge in the burn rate, resulting in the blow of millions of coins from the token supply.
July 8th 2024: $BTC shot up to touch what is now resistance at $58,000. This impetus has spread through the crypto market, and as usual, memecoins have bounced the hardest. $PEPE, $WIF, and $BONK have all bounced from critical levels. Will this positive price action continue?
June 24th 2024: Solana (SOL) has been caught in the crypto current, tossed back and forth by recent market volatility. After an impressive rally earlier in 2024, SOL has dipped by 13% over the past week, leaving investors wondering what lies ahead.
June 12th 2024: Ripple, a blockchain leader, unveiled the XRPL EVM Sidechain on Wednesday to bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger. This advancement promises seamless interoperability and opens doors to new possibilities in decentralized finance (DeFi) and Real World Assets (RWA) utilization.
June 1st 2024: Hong Kong, a financial hub with a burgeoning interest in cryptocurrency, is undergoing a regulatory shakeup. The Securities and Futures Commission (SFC) has flexed its muscles, forcing unlicensed crypto businesses to exit the market and tightening the grip on those seeking licenses.
May 23th 2024: Bitcoin (BTC) has seen its price nosedive by 0.66% in the past 24 hours to $69,674.83. This price outlook comes at a time when David Solomon, the Chairman and Chief Executive Officer of Goldman Sachs predicted no further rate cuts by the Federal Reserve this year.
May 16th 2024: CME Group, the world’s largest futures exchange, is reportedly gearing up to launch Bitcoin trading. Notably, this signals a strategic move to capitalize on the escalating interest in cryptocurrencies among Wall Street investors.
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