Abu Dhabi topping the Mena region in SWF capital made headlines + more on the US’ AI exports to the UAE

Abu Dhabi’s SWF capital ranking made headlines: The Financial Times looks at GlobalSWF ’s latest report, which ranked Abu Dhabi as the wealthiest city with USD 1.7 tn in capital. The news also stood center in a CNBC exclusive (watch, runtime: 02:03) with Global SWF founder and managing director Diego Lopez, who named the emirate a “powerhouse” for sovereign capital, with its distinct approach of setting up separate state-run funds for different investment strategies.

ALSO- Bloomberg is drawing attention to slow approval processes for American AI chip exports to Abu Dhabi, despite heightened demand from the emirate and Microsoft’s USD 1.5 bn investment in IHC-backed G42. Approval delays come amid growing US concerns that the technology could end up in Chinese hands through intermediaries.