UAE sovereign wealth funds assets rises to Dh5.9 trillion

The UAE sovereign wealth funds (SWFs) assets have exponentially grown in 2021, jumping by over 18 per cent or $250 billion (Dh917.5 billion), on the back of the gains in equity markets as well as recovery in oil prices after a tough previous year due to the outbreak of the Covid-19 pandemic. According to Global SWF's 2022 annual report “State-Owned Investors 3.0,” the UAE-based sovereign wealth funds' fortunes jumped from $1.374 trillion (Dh5.04 trillion) in 2020 to $1.624 trillion (Dh5.9 trillion) at the end of 2021.

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