Abu Dhabi to Combine Sovereign Wealth Funds Creating $250-B ‘Behemoth’

Abu Dhabi to Combine Sovereign Wealth Funds Creating $250-B ‘Behemoth’

Abu Dhabi to Combine Sovereign Wealth Funds Creating $250-B ‘Behemoth’ Together Mubadala and Abu Dhabi Investment Council will be the world’s 11th largest sovereign wealth fund. The UAE emirate of Abu Dhabi is to combine two of its largest sovereign funds to create a behemoth with estimated assets of nearly $250-B. UAE President and Abu […]

Russia’s Spymaster Denies Interfering in US Sovereign Affairs

Russia’s Spymaster Denies Interfering in US Sovereign Affairs

Russia’s Spymaster Denies Interfering in US Sovereign Affairs The head of Russia’s top domestic security agency is rejecting allegations of interference in the US election. Alexander Bortnikov, the director of the Federal Security Service (FSB), the main KGB successor agency, said Thursday that he discussed claims of Russian meddling in the US Presidential vote with […]

UAE Concerned About US House Passing 9/11 Bill

UAE Concerned About US House Passing 9/11 Bill

UAE Concerned About US House Passing 9/11 Bill The House bill will allow the families of 9/11 victims to sue Saudi Arabia in US courts The UAE has expressed concern about the US Congress passing the ‘Justice Against Sponsors of Terrorism Act’ last week. The House bill, passed last Friday, will allow the families of […]

The World’s Largest Sovereign Wealth Funds

The World’s Largest Sovereign Wealth Funds

The World’s Largest Sovereign Wealth Funds In the midst of collapsing Crude Oil prices, Oil-funded sovereign wealth funds (SWFs) are under pressure to liquidate assets, according to political risk advisory firm GeoEconomica. There was roughly a 20% fall over the past year in the deposits and reserves stored in the Saudi Arabian Monetary Agency (SAMA) […]