Question
In terms of sovereign wealth funds which of the
following cities has been declared as the world’s richest city?Solution
The city Abu Dhabi has been marked as the world’s richest city with an estimated $1.7 trillion. This wealth is basically the discovery and production of oil as the city holds 95% of the UAE’s oil reserves. Abu Dhabi surpassed other cities like Oslo, Beijing, Singapore and Hong kong.
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Rise in the water level in the village and adjoining areas has laid to waterlogging and destruction of standing crops in the village.
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