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Afghanistan Earthquake Tragedy: Hearts Heavy as Region Mourns

A devastating earthquake has shaken eastern Afghanistan, leaving our neighboring nation in profound grief and desperate need of rescue operations. The catastrophic tremors have claimed at least 1,400 precious lives and left over 3,000 people injured across the affected regions. Families have been torn apart, communities destroyed, and countless survivors remain trapped beneath the rubble, fighting for their lives as rescue teams race against time. International Response In response to this humanitarian crisis, the United Arab Emirates has mobilized comprehensive relief efforts under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan. UAE Search and Rescue teams, alongside units from the Joint Operations Command, have been deployed to coordinate with local Afghan authorities. The UAE mission includes conducting crucial field assessments to determine proper response strategies, providing logistical support to affected areas, and executing rescue operations to ext...
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Abu Dhabi: The Richest City in Sovereign Wealth Management


Abu Dhabi has cemented its position as the wealthiest city in the world in terms of capital managed by sovereign wealth funds, according to the latest report by Global SWF. As of October 1, 2024, sovereign wealth funds worldwide managed assets valued at approximately $12.5 trillion. Abu Dhabi’s wealth, driven by its vast oil reserves and strategic investment policies, has placed it at the forefront of global finance.


Sovereign wealth funds (SWFs) are state-owned investment entities that manage national savings for long-term investment, often derived from surplus revenues like those from oil and gas. These funds invest in a wide range of assets, including stocks, bonds, real estate, and infrastructure, playing a critical role in both national and global economies. The Global SWF report highlights that the top six cities, including Abu Dhabi, account for two-thirds of the total sovereign wealth under management globally.


Abu Dhabi’s SWFs, led by institutions such as the Abu Dhabi Investment Authority (ADIA), have been key in diversifying the emirate’s economy beyond oil. Strategic investments in sectors like technology, infrastructure, and real estate have made the city a major global financial player.


Other cities with significant sovereign wealth fund management include Singapore, Oslo, and Doha, but Abu Dhabi’s position at the top underscores the emirate’s robust economic strategies and resource wealth. The growing prominence of SWFs reflects their increasing role in shaping global investment trends and contributing to economic stability.


With this powerful financial engine, Abu Dhabi is set to continue leading the way in sovereign wealth management, solidifying its status as a hub for global investments.



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