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

UAE Introduces AI-Driven Drones for Crescent Moon Sighting

  For the first time in history, the UAE is employing artificial intelligence-powered drones to sight the crescent moon, signaling the start of Ramadan. This modernized approach blends technology with Islamic tradition, enhancing the reliability of moon sighting methods. Historically, the crescent moon has been identified through naked-eye sightings and advanced astronomical calculations. By incorporating AI-supported drones, the UAE is reinforcing its position as a leader in technological innovation while maintaining deep respect for religious customs. This method is backed by national research centers and astronomical observatories, ensuring precision and credibility in determining the start of Ramadan. Ramadan is a sacred month in Islam, marked by fasting from dawn to dusk. Suhoor, the early morning meal, and Iftar, the evening meal that breaks the fast, hold great importance during this period. The holy month is also a time of increased charitable giving, with many Muslims part...
Post a Comment
Read more

UAE-WHO Initiative Aims to Combat Malnutrition on Yemen’s Socotra Island

  A Lifeline for Socotra: How the UAE and WHO Are Tackling Malnutrition Yemen’s Socotra Island, a UNESCO World Heritage Site known for its breathtaking biodiversity, is facing a silent crisis—malnutrition. With alarming rates of acute malnutrition among children and anemia in pregnant women, the island’s healthcare system is under immense strain. However, a new humanitarian initiative led by the  United Arab Emirates (UAE)  and the  World Health Organization (WHO)  is bringing hope to thousands of vulnerable families. The Crisis in Socotra Socotra, home to over  83,000 people , has long struggled with food insecurity and limited healthcare access. Recent reports reveal: 10.9%  of children under five suffer from  Global Acute Malnutrition (GAM) . 1.6%  face  Severe Acute Malnutrition (SAM) , a life-threatening condition. 92.7%  of pregnant women experience  anemia , increasing risks during childbirth. Only  32 health facili...
Post a Comment
Read more