November 22, 2024
The UAE is using a wealth fund to gain diplomatic sway

The UAE is using a wealth fund to gain diplomatic sway


Sovereign wealth funds seldom worry about foreign policy. Those that invest abroad typically do so in order to ensure stable returns or diversify holdings, meaning they tend to hold Treasuries and Western stocks. Many have started to spend more at home in order to advance national growth plans. But ADQ, one of the United Arab Emirates’s wealth funds, is heading in a different direction.



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