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Abu Dhabi

















 

Abu Dhabi is the largest and wealthiest of the seven emirates in the UAE. It owns 10 per cent of the world's proven oil and gas reserves. The emirate owns 95 per cent of the oil and gas reserves of the UAE. The country is presently earning record oil revenues rolling in at a rate of $225-million (U.S.) a day.

Abu Dhabi Investment Authority, the world's largest government controlled investment pool, is estimated to have assets worth over $1000 billion (U.S.). The regime, with greedy and fear as a result of gulf war and political instability, increasingly moving the assets of a country into global markets.

The sovereign wealth funds accumulated by oil-rich Arab sheikdoms is reported as much as $4.5 trillion to $7 trillion today. The exact amount is impossible to ascertain due to lack of their transparency and accountability. The emirate is controlled by Sheikh Khalifa bin Zayed Al Nahyan, son of late dictatorial ruler of United Arab Emirates 'Sheikh Zayed bin Sultan Al Nahyan".
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