Tuesday, February 10, 2015

UAE SWF assets to increase to Dh3. 57trn this year

The UAE sovereign wealth fund assets are anticipated to reach $975 billion (Dh3. 578trn) this year, making up 43 per cent the overall SWF assets held by the GCC countries.

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According to global trade debt insurance company Euler Hermes iPhone 6 case, the Beach Cooperation Council (GCC) countries' full sovereign coin wealth fund assets are prediction to reach $2. 25 trillion (Dh8. 25trn) in 2014.

The UAE is followed by Saudi Arabia with SHF assets totalling $680 billion (Dh2. 49 trillion), followed by Kuwait, Qatar, Oman and Bahrain.

"The pecuniary cushion provided by such reserves (of variable liquidity) allows GCC nations to boost domestic demand through location spending on infrastructure projects (thereby increasing jobs and future growth) and social spending (health, education nicely welfare provision). Trade opportunities applying the GCC are therefore likely to carry on to be relatively buoyant in the forecast lifetime, even if global conditions are not helpful, " Andrew Atkinson of Euler Hermes iPhone 6 wallet case wrote in a recently-released geldschein.

According to the Sovereign Wealth Fund Fondation figures, assets held by the UAE SWFs stand at $919. 3 billion (Dh3. 374trn) with Abu Dhabi Investment Authority (Adia) possessing the lion's share.

Adia is the planets second largest sovereign wealth these are generally with $773bn (Dh2. 83trn) tools, followed by Investment Corporation of Saudi arabia at $70bn (Dh257 billion), Ipic at $65. 3bn (Dh239. 65bn), Mubadala at $55. 5bn, Emirates Investment Authority at $10bn as well Ras Al Khaimah fund through $1. 2bn.

Saudi Arabia's Serupa Foreign Holdings is the world's final largest fund with $675. 9bn assets under its management.

SHF Institute said globally assets in management have risen to $6, 365. 8bn from $6, 357bn whole March 2014 with Middle To the east controlling 35 per cent.

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