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UAE Welcomes Ceasefire Agreement Between Pakistan and Afghanistan – A New Chapter of Hope for the Region

In a major diplomatic breakthrough, the United Arab Emirates has welcomed the ceasefire agreement between Pakistan and Afghanistan, calling it a positive and humanitarian step towards restoring peace and stability in the region. The UAE’s statement reflects its consistent role as a bridge for dialogue, unity, and cooperation among Muslim nations. The Ministry of Foreign Affairs of the UAE praised the mediation efforts of Qatar and Türkiye, acknowledging their contribution in bringing both sides to the table. This gesture underlines the UAE’s belief in collective diplomacy that lasting peace is achieved not through pressure, but through partnership and understanding. UAE officials described the ceasefire as “a humanitarian victory more than a political achievement”, emphasizing that calm along the Pakistan-Afghanistan border will open doors for trade, education, and cross-border cooperation. For Pakistan, this peace offers renewed opportunities for economic growth and border stab...
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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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