Trailing Norway and China, ADIA holds $1.06 trillion in assets, Kuwait's KIA has $980 billion and Saudi Arabia’s PIF stands at about $950 billion
The rally in the Dubai Financial Market comes amid expectations that the U.S. Federal Reserve will cut interest rates this week
Middle East and Africa Summit wraps up in Abu Dhabi with U.S. Ambassador Martina Strong pointing to $1.5 billion Microsoft deal as indicator of UAE's value in tech partnerships
Stonepeak, a New York-based investment firm managing $71 billion in assets, said it will open a Middle East office in the Abu Dhabi Global Market
The state-owned company will pay $600 million in annual dividends from 2024 to 2026, along with a performance-linked dividend in 2025 and 2026
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