UAE secures third spot on global sovereign wealth fund ranking
The UAE's sovereign investment portfolio stands at $2.49 trillion, just behind China with $3.36 trillion in sovereign assets, and the United States with $12.12 trillion.
Sovereign-owned investment assets include capital managed by sovereign wealth funds and public pension funds.
These funds are designed to invest in a diverse range of global assets-from equities and bonds – to real estate and private companies. The funds are used to safeguard long-term fiscal stability and national development.
Historically underpinned by oil revenue, the UAE's sovereign wealth strategy has evolved in recent years. Today, these funds are increasingly deployed to support future-focused sectors.
Regional leader – global contender
Largely driven by the Abu Dhabi Investment Authority, Mubadala Investment Company, ADQ, and the Investment Corporation of Dubai, the UAE's sovereign ecosystem reflects a rapidly expanding and diversified portfolio with investments spanning sectors such as energy, artificial intelligence, and sustainable industries.
In the Middle East, the UAE now leads the region in sovereign wealth, positioned ahead of regional peers. Global rankings place Japan fourth with $2.22 trillion, followed by Norway, Canada, Singapore, Australia, Saudi Arabia, and South Korea.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
an hour ago
- The National
UK restores diplomatic ties with Syria as Lammy visits Damascus
Britain said it was re-establishing diplomatic relations with Syria on Saturday as Foreign Secretary David Lammy visited Damascus. 'There is renewed hope for the Syrian people,' said Mr Lammy. 'It is in our interests to support the new government to deliver their commitment to build a stable, more secure and prosperous future for all Syrians.' Mr Lammy met his Syrian counterpart Asaad Al Shibani and President Ahmad Al Shara. It was the first time a British government minister had visited the country in 14 years. The visit by the British politician included a pledge of financial support of £94.5 million ($129 million) to provide urgent humanitarian aid and support Syria's long-term recovery through developing areas such as education. The West has been slowly resetting its approach to Syria since insurgent forces led by Hayat Tahrir Al Sham ousted Bashar Assad as president in December, following more than 13 years of civil war. Mr Lammy's visit comes days after President Donald Trump signed an executive order terminating a US sanctions programme on Syria, ending its isolation from the international financial system and helping it rebuild after the war. Britain also eased its sanctions in April, unfreezing the assets of Syria's central bank and 23 other entities, including banks and oil companies, to encourage investment, though it kept in place those targeting members of the former regime. Mr Lammy said that a stable Syria will reduce the risk of 'irregular migration', ensure chemical weapons are destroyed and tackle the threat of terrorism. During his meetings in the Syrian capital, Mr Lammy reiterated the importance of an 'inclusive and representative political transition' and offered Britain's continued support. Mr Lammy is also due to travel to Kuwait, where regional security and strengthening bilateral relations will be top of the agenda. He is expected to announce a new partnership with the Gulf monarchy to tackle the humanitarian crisis in Sudan.
Khaleej Times
an hour ago
- Khaleej Times
UAE: May 2025 IB results out, meet school toppers with perfect score
Several students in the UAE recorded outstanding performances in the May 2025 International Baccalaureate (IB) examinations, with scores well above the global average. The results were released on Saturday, July 5. Among the standout performers at Innoventures education were Alia Abdelhamid and Melis Yilmaz from Dubai International Academy - Emirates Hills (DIA EH), who achieved a perfect score of 45 — a distinction earned by just 0.1 per cent of IB Diploma candidates worldwide. According to the results shared with Khaleej Times, students from three schools under this group — DIA Emirates Hills, DIA Al Barsha, and Raffles World Academy — posted a 100 per cent pass rate. Across these campuses, two students scored the maximum 45 points, four achieved 44, and nearly a quarter of the graduating class scored 40 or more points. The graduating cohort has secured offers from some of the world's most prestigious institutions, including Cambridge, Stanford, Cornell, Imperial College London, UC Berkeley, King's College London, and the London School of Economics, New York University, the University of Pennsylvania, and the University of St Andrew's, among others. The toppers Alia Abdelhamid and Melis Yilmaz from DIA Emirates Hills scored a perfect 45 points. At DIA Al Barsha, Kanishka Kesharwani emerged as the top scorer with 44 points. Alia Abdelhamid from DIA EH who bagged the perfect score said, 'I feel deeply thankful for the incredible support I received from DIA Emirates Hills during my IB journey. The commitment of my teachers and the broader school community created an environment where I could truly thrive. I'm proud of what we've accomplished together.' Melis Yilmaz, also from DIA EH, was very happy to attain 45/45 and said, 'My IB journey at Dubai International Academy Emirates Hills has been truly transformative. The demanding academic environment, combined with unwavering support, has fostered both intellectual and personal growth. The strong sense of community and the constant encouragement to think critically and embrace a global perspective have equipped me for the future in ways I could never have imagined." Reflecting on the school's performance and the students' achievements, Hitesh Bhagat, Principal of DIA Emirates Hills, said, 'These results speak volumes about the dedication of our students, the commitment of our teachers, and the strength of our school community. We are thrilled to see our students continue to reach new heights and take their place at the world's leading universities.' Kanishka Kesharwani from DIA Al Barsha, who emerged as the top scorer with 44 points, said, "It was surreal to open my result to see 44 after the year I had - gut-wrenching mocks and loads of all-nighters with endless fits of laughter and cries to put in my best effort for my exams. Deeply grateful for the person DIAB has made me, and for the support my family and friends have given me over the last couple of years." Poonam Bhojani, CEO of Innoventures Education, said, "This year's record-breaking results are a true reflection of our students' passion, resilience, and drive to succeed as well as the unwavering dedication of our educators and the support of our parent community. At Innoventures, we strive to nurture global citizens who are not only academically prepared but deeply inspired. We couldn't be prouder of this incredible cohort and look forward to all that they will go on to achieve.' Commendable journey Meanwhile, across seven GEMS schools that offer the IB diploma programme, three students attained the maximum score possible of 45. A total of 645 Grade 12/Year 13 students from these schools across the UAE sat for these exams this year. Together, they achieved an average point score of 34 and a pass rate of 95 per cent, exceeding the 2024 global averages of 30 points and 80 per cent respectively. Lisa Crausby OBE, Group Chief Education Officer at GEMS Education, said, 'Our students have once again shown what's possible with ambition, perseverance, and the right support. These outstanding results reflect their tireless effort and the dedication of our world-class educators. Every success story here speaks to the strength of our IB programmes and the values that underpin a GEMS education.' Nargish Khambatta, Principal, GEMS Modern Academy and Executive Vice President – Education, GEMS Education, said, 'This success belongs to our entire community — students, teachers, and parents as well, who have journeyed together with purpose and heart. At Modern, we are deeply proud of the remarkable individuals they have evolved into."
Khaleej Times
5 hours ago
- Khaleej Times
UAE: May 2025 IB results released, schools begin reviewing scores
The results of the May 2025 International Baccalaureate (IB) examinations have been released today. Schools across the UAE have begun compiling and reviewing scores. However, individual student results will be made available at a later stage. The UAE is home to 66 IB World Schools. Among them, 39 offer the Primary Years Programme (PYP), 31 offer the Middle Years Programme (MYP), 59 offer the Diploma Programme (DP), and 22 offer the Career-related Programme (CP). In a statement shared with the media, the IB board recently said, 'The IB will share more information with the press at 14:00 CEST on 7 July 2025.' Top performers in 2024 In last year's IB cycle, Sunmarke School—part of the Fortes Education group—earned the 69th spot globally in the Global Top IB Schools rankings for the 2023-24 academic year. Within the UAE, it secured third place in terms of average IB Diploma Programme points, strengthening its position among the country's top IB institutions. These rankings, compiled by spotlight the highest-performing schools offering the IB Diploma Programme worldwide. The global average results for the 2024 International Baccalaureate (IB) examinations showed a pass rate of 80 per cent, with an average score of 30.32. The mean grade for the IB Diploma Programme (IBDP) was 4.85, and a total of 8,539 students worldwide achieved a score of 40 points or more.
