UAE - Mubasher: Abu Dhabi Investment Authority (ADIA) came in third place among the world's largest sovereign wealth funds with total assets of $579.6 billion, according to a report by the Sovereign Wealth Fund Institute (SWFI).

ADIA's rankings by SWFI was followed by the Kuwait Investment Authority (KIA), retaining assets of $533.7 billion.

Saudi Arabia's Public Investment Fund (PIF) was ranked ninth globally with assets of around $360 billion.

Meanwhile, Norway's Government Pension Fund Global topped the SWFI's 93 largest sovereign wealth funds list with $1.187 trillion worth of assets.

t is noteworthy to mention that four Gulf countries, namely Saudi Arabia, Kuwait, Qatar, and the UAE, were included in the world's ten largest sovereign funds.