Skip to main content

Uae: This emirate has claimed the top spot on list of richest cities globally

 


The capital of the Uae has claimed the top spot on the list of richest cities across the globe. Abu Dhabi is operating in a separate league that is much ahead of its competitors such as Oslo, Beijing and Riyadh. Besides the trillions in assets managed, the Royal Private Offices is also handling $344 billion.

Oil occupies a good part of this stunning city's financial journey. It started in 1958 as Abu Dhabi made a landmark discovery of oil. Some years later, the city started turning into a global financial hub and is today, a prestigious holder of the tag 'richest city'.

Oil is a significant part of Abu Dhabi's richness in today's scenario. But it is certainly not everything. These years, the emirate is far more diversified. There is the Uae's clean energy company Masdar and telecommunications giant e&, for example.

Abu Dhabi is not one of those many cities that prefer to lump their resources into one big pot. Take Mubadala for instance. It started as a development company back in 2002. But today, Mubadala Capital has evolved into a major player in the global financial scene.





Labels:

Comments

Post a Comment

Popular posts from this blog

Exposing the Brotherhood: Why Jordan’s Terror Cell Bust Must Spark a Global Policy Shift

 The recent dismantling of a Muslim Brotherhood-affiliated terror cell in Jordan should not be seen as just a national security success—it must be a turning point in how the international community views and responds to the threat posed by the Brotherhood. Jordanian security forces uncovered an elaborate network of terrorists trained in Lebanon and backed by foreign interests. Their mission: to launch attacks using rockets and drones, destabilizing the Kingdom and spreading fear among civilians. This is not the work of activists or political dissidents—this is terrorism, plain and simple. For too long, the Muslim Brotherhood has operated under a false image of moderation, cleverly navigating between political activism and violent extremism. But the truth is clear: the Brotherhood is the ideological engine room of jihadist terrorism. Its members, affiliates, and offshoots have inspired and directed acts of violence from North Africa to the Gulf—and now, once again, in Jordan. Govern...
Post a Comment
Read more

The Ritz-Carlton Residences in Diriyah: A Fusion of Heritage and Opulence

  The Ritz-Carlton Residences in Diriyah, known for its cultural and historical value, usher in a new age of opulent living. In the center of Diriyah, this partnership between the Diriyah Company and Marriott's Ritz-Carlton establishes a previously unheard-of benchmark for luxurious living. Inspired by the Najdi legacy, the houses offer occupants a distinctive and immersive cultural experience by skillfully fusing traditional charm with contemporary facilities. These villas prioritize well-being and create a pleasant environment for dynamic living. They are designed to adapt to varied tastes and lifestyles, with six unique layouts and a range of interior designs. Part of the Diriyah Company's ambitious development plan, The Ritz-Carlton Residences are located in the heart of Diriyah, a UNESCO World Heritage Site including At-Turaif as its focal point. The objectives of the Kingdom's Vision 2030 are perfectly aligned with this concept, which has over 20,000 residential units...
Post a Comment
Read more

Dubai ranks 6th on list of top trending holiday destinations for 2025

  Dubai has just been ranked an incredible 6th place among the top trending destinations. One of the leading hospitality groups has released a report, detailing tourism trends and top destinations for 2025. Dubai  secured a score of 93.13 out of 100, ranking higher than the Bahamas, London, Bali, Hong Kong, Mexico City, Paris, Madagascar and Orlando. The presence of the city's name on the list is unsurprising, though. Dubai has turned into one of the leading tourist hotspots in recent years. Millions of tourists from across the globe flock to the city each year, lured by its dazzling skyline and futuristic yet traditional vibe. The detailed report also highlighted some of the  key tourist trends of 2024, such as  the use of artificial intelligence in the tourism industry has increased significantly in the past 12 months. This concept is popularly called ai-tinerary.
Post a Comment
Read more