• 1. Japan and Singapore are the world's most powerful passports in 2021 with citizens able to visit 192 countries visa-free. Photo: David Edelstein and Coleen Rivas/Unsplash
    1. Japan and Singapore are the world's most powerful passports in 2021 with citizens able to visit 192 countries visa-free. Photo: David Edelstein and Coleen Rivas/Unsplash
  • 2. Germany and South Korea rank in second place, giving passport holders access to 190 destinations. Photo: Angars Scheffold and Stephan Valenti/Unsplash
    2. Germany and South Korea rank in second place, giving passport holders access to 190 destinations. Photo: Angars Scheffold and Stephan Valenti/Unsplash
  • 3. Citizens from Finland, Italy, Luxembourg and Spain can visit 189 destinations without applying for a visa. Photo: Tapio Haaja, Dan Novac, Tom Podmore and Jonas Hoss/Unsplash
    3. Citizens from Finland, Italy, Luxembourg and Spain can visit 189 destinations without applying for a visa. Photo: Tapio Haaja, Dan Novac, Tom Podmore and Jonas Hoss/Unsplash
  • 4. Austria and Denmark share fourth place with citizens able to travel to 188 countries visa-free. Photo: Dimitry Anikin and Peter Ivey-Hansen/Unsplash
    4. Austria and Denmark share fourth place with citizens able to travel to 188 countries visa-free. Photo: Dimitry Anikin and Peter Ivey-Hansen/Unsplash
  • 5. France, Ireland, the Netherlands, Portugal and Sweden share fifth place with passport holders having access to 187 destinations. Photo: Ilnur Kalimullin, Kevin Fitzgerald, Patrick Metzdo, Vita Marija Murenaite and Ferhat Deniz/Unsplash
    5. France, Ireland, the Netherlands, Portugal and Sweden share fifth place with passport holders having access to 187 destinations. Photo: Ilnur Kalimullin, Kevin Fitzgerald, Patrick Metzdo, Vita Marija Murenaite and Ferhat Deniz/Unsplash
  • 6. Belgium, New Zealand and Switzerland passport holders can travel to 186 destinations without having to apply for a visa. Photo: Chris Liverani, Rod Long and Sven Fischer/Unsplash
    6. Belgium, New Zealand and Switzerland passport holders can travel to 186 destinations without having to apply for a visa. Photo: Chris Liverani, Rod Long and Sven Fischer/Unsplash
  • 7. Seventh place is shared by the Czech Republic, Greece, Malta, Norway, the UK and the US with access to 185 countries visa-free. Photo: Dimitry Anikin, Andre Benz, Cosmin Serban, John O'Nolan, Marcin Nowak and Maarten van den Heuvel/Unsplash
    7. Seventh place is shared by the Czech Republic, Greece, Malta, Norway, the UK and the US with access to 185 countries visa-free. Photo: Dimitry Anikin, Andre Benz, Cosmin Serban, John O'Nolan, Marcin Nowak and Maarten van den Heuvel/Unsplash
  • 8. Australian passport holders and Canadian passport holders can visit 184 destinations without pre-applying for visas. Photo: Ondrej Machart and Eugene Aikimov/Unsplash
    8. Australian passport holders and Canadian passport holders can visit 184 destinations without pre-applying for visas. Photo: Ondrej Machart and Eugene Aikimov/Unsplash
  • 9. Hungary is ranked ninth thanks to citizens being able to travel to 183 countries around the world without a visa. Photo: Ervin Lukacs/Unsplash
    9. Hungary is ranked ninth thanks to citizens being able to travel to 183 countries around the world without a visa. Photo: Ervin Lukacs/Unsplash
  • 10. Lithuania, Poland and Slovakia are the tenth most powerful passports in the world, with holders able to travel to 182 destinations without a visa. Photo: Dan-Marian-Stefan Doroghi, Kamil Gliwiński and Martin Katler/Unsplash
    10. Lithuania, Poland and Slovakia are the tenth most powerful passports in the world, with holders able to travel to 182 destinations without a visa. Photo: Dan-Marian-Stefan Doroghi, Kamil Gliwiński and Martin Katler/Unsplash

The world's most and least powerful passports in 2021: UAE only Arab nation in top 20


Hayley Skirka
  • English
  • Arabic

The UAE is the only Arab nation ranked in the top 20 most powerful passports in the world in 2021.

The most recent data from the Henley Passport Index, which ranks the strength of passports across the world, puts the UAE in 16th position.

The Emirates shares its spot with three other nations – Chile, Monaco and Romania. Citizens from each of these countries can travel visa-free to 174 destinations, according to the fourth quarter rankings which were released on Tuesday.

Take a look through the photo gallery above to see which countries claim the top 10 spots.

Japan and Singapore were crowned joint first in the Henley Passport Index, which assesses the travel documents based on how many countries citizens can access without a visa, using data from the International Air Transport Association.

The UAE retains its position as the only Arab nation with one of the world’s most powerful passports.

The UAE passport ranks in 16th place in the Henley Passport Index. Alamy
The UAE passport ranks in 16th place in the Henley Passport Index. Alamy

In the first quarter of this year, the UAE ranked in 16th position. The country moved up one place to 15th in the second-quarter results, and will end 2021 in the same position as which it started.

There remains a wide gap between the Emirates and neighbouring GCC countries when it comes to passport strength. Qatar is ranked in 60th position, followed closely by Kuwait in 61st place. Bahrain ranks 69th, while Oman is 71st and the kingdom of Saudi Arabia ranks 72nd.

The strongest passports in Q4 2021:

  1. Japan, Singapore
  2. Germany, South Korea
  3. Finland, Italy, Luxembourg, Spain
  4. Austria, Denmark
  5. France, Ireland, Netherlands, Portugal, Sweden
  6. Belgium, New Zealand, Switzerland
  7. Czech Republic, Greece, Malta, Norway, UK, US
  8. Australia, Canada
  9. Hungary
  10. Lithuania, Poland, Slovakia
  11. Estonia, Latvia, Slovenia
  12. Iceland
  13. Malaysia
  14. Liechtenstein
  15. Cyprus
  16. UAE, Chile, Monaco, Romania
  17. Bulgaria
  18. Croatia
  19. Hong Kong
  20. Argentina, Brazil

Covid-19 leads to widest gap in travel freedom in 16 years

The most recent data from the Henley Passport Index shows a worrying gap in global mobility, the biggest in the index’s 16-year-history.

Passport holders from top-ranking nations Japan and Singapore are able to travel visa free to 166 more destinations than Afghans, who rank last and can only access 26 countries without requiring a visa in advance.

Many countries with high-ranking passports have enforced stringent inbound Covid-19-related travel restrictions.

Japan, which has a visa-free score of 192, bars almost all foreign nationals from entry. Singapore has only recently eased travel restrictions for some nations, but tourism to the country remains mostly prohibited.

Other countries with lower-ranking passports have relaxed their border rules, but this has not been reciprocated, even for fully vaccinated travellers.

In Egypt, which ranks 97th, there are no travel restrictions for incoming travellers. However, Egyptian citizens can only travel to 51 destinations around the world without acquiring a visa in advance

A similar story exists in many other countries, especially in Africa. Travellers can enter Kenya, for instance, with no restrictions, but Kenyan passport holders can only travel to 72 destinations visa-free, meaning more than 60 per cent of the world is inaccessible for them.

Unrecognised vaccines and endless travel restrictions

Citizens from Lebanon can only access 41 other countries visa-free, making the passport one of the least powerful in the world. Alamy
Citizens from Lebanon can only access 41 other countries visa-free, making the passport one of the least powerful in the world. Alamy

Travel restrictions were deemed necessary at the outset of the global pandemic to contain the spread of Covid-19, but some experts believe countries are now using these rules to contain mobility.

“Covid-19-associated travel restrictions are new additions to the toolbox of migration containment instruments employed by the global north to curb mobility from the global south,” said a fellow from the United Nations University Institute on Comparative Regional Integration Studies as part of the Henley Index report.

The weakest passports in Q4 2021:

106. Congo

107. Iran, Lebanon, Sri Lanka, Sudan

108. Bangladesh, Kosovo, Libya

109. North Korea

110. Nepal, Palestine

111. Somalia

112. Yemen

113. Pakistan

114. Syria

115. Iraq

116. Afghanistan

The UK, which ranks in seventh place in the Henley Index, recently eased Covid-19 travel restrictions for some countries but failed to recognise vaccines administered across Africa, South America and South Asia.

From the US, the nation with the highest number of daily Covid-19 cases in the world right now, citizens have access to 185 countries visa-free. Conversely, several restrictions are in place for foreigners wishing to visit America.

As we near the end of 2021, the latest information from the Henley Passport Index paints a gloomy picture with much of the world remaining largely inaccessible to travellers from nations at the lower end of the index.

GCC-UK%20Growth
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Moving%20Out%202
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Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

DAY%20ONE%20RESULT
%3Cp%3E%3Cbr%3E1.%20Charlotte%20Kool%20(NED)%20%E2%80%93%20Team%20DSM%3A%202hrs%2C%2047min%2C%2014sec%3Cbr%3E2.%20Lorena%20Wiebes%20(NED)%20%E2%80%93%20Team%20SD%20Worx%3A%20%2B4%20secs%3Cbr%3E3.%20Chiara%20Consonni%20(ITA)%20%E2%80%93%20UAE%20Team%20ADQ%3A%20%2B5%20secs%3C%2Fp%3E%0A
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Sukuk

An Islamic bond structured in a way to generate returns without violating Sharia strictures on prohibition of interest.

The bio

Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home

Apple%20Mac%20through%20the%20years
%3Cp%3E1984%20-%20Apple%20unveiled%20the%20Macintosh%20on%20January%2024%3Cbr%3E1985%20-%20Steve%20Jobs%20departed%20from%20Apple%20and%20established%20NeXT%3Cbr%3E1986%20-%20Apple%20introduced%20the%20Macintosh%20Plus%2C%20featuring%20enhanced%20memory%3Cbr%3E1987%20-%20Apple%20launched%20the%20Macintosh%20II%2C%20equipped%20with%20colour%20capabilities%3Cbr%3E1989%20-%20The%20widely%20acclaimed%20Macintosh%20SE%2F30%20made%20its%20debut%3Cbr%3E1994%20-%20Apple%20presented%20the%20Power%20Macintosh%3Cbr%3E1996%20-%20The%20Macintosh%20System%20Software%20OS%20underwent%20a%20rebranding%20as%20Mac%20OS%3Cbr%3E2001%20-%20Apple%20introduced%20Mac%20OS%20X%2C%20marrying%20Unix%20stability%20with%20a%20user-friendly%20interface%3Cbr%3E2006%20-%20Apple%20adopted%20Intel%20processors%20in%20MacBook%20Pro%20laptops%3Cbr%3E2008%20-%20Apple%20introduced%20the%20MacBook%20Air%2C%20a%20lightweight%20laptop%3Cbr%3E2012%20-%20Apple%20launched%20the%20MacBook%20Pro%20with%20a%20retina%20display%3Cbr%3E2016%20-%20The%20Mac%20operating%20system%20underwent%20rebranding%20as%20macOS%3Cbr%3E2020%20-%20Apple%20introduced%20the%20M1%20chip%20for%20Macs%2C%20combining%20high%20performance%20and%20energy%20efficiency%3Cbr%3E2022%20-%20The%20M2%20chip%20was%20announced%3Cbr%3E2023%20-The%20M3%20line-up%20of%20chip%20was%20announced%20to%20improve%20performance%20and%20add%20new%20capabilities%20for%20Mac.%3C%2Fp%3E%0A
Manikarnika: The Queen of Jhansi

Director: Kangana Ranaut, Krish Jagarlamudi

Producer: Zee Studios, Kamal Jain

Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni

Rating: 2.5/5

EVIL%20DEAD%20RISE
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELee%20Cronin%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EAlyssa%20Sutherland%2C%20Morgan%20Davies%2C%20Lily%20Sullivan%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

ENGLAND TEAM

Alastair Cook, Mark Stoneman, James Vince, Joe Root (captain), Dawid Malan, Jonny Bairstow, Moeen Ali, Chris Woakes, Craig Overton, Stuart Broad, James Anderson

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%3Cp%3EHeavyweight%20boxer%20Fury%20revealed%20on%20Sunday%20his%20cousin%20had%20been%20%E2%80%9Cstabbed%20in%20the%20neck%E2%80%9D%20and%20called%20on%20the%20courts%20to%20address%20the%20wave%20of%20more%20sentencing%20of%20offenders.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ERico%20Burton%2C%2031%2C%20was%20found%20with%20stab%20wounds%20at%20around%203am%20on%20Sunday%20in%20Goose%20Green%2C%20Altrincham%20and%20subsequently%20died%20of%20his%20injuries.%3C%2Fp%3E%0A%3Cp%3E%26nbsp%3B%E2%80%9CMy%20cousin%20was%20murdered%20last%20night%2C%20stabbed%20in%20the%20neck%20this%20is%20becoming%20ridiculous%20%E2%80%A6%20idiots%20carry%20knives.%20This%20needs%20to%20stop%2C%E2%80%9D%0D%20Fury%20said.%20%E2%80%9CAsap%2C%20UK%20government%20needs%20to%20bring%20higher%20sentencing%20for%20knife%20crime%2C%20it%E2%80%99s%20a%20pandemic%20%26amp%3B%20you%20don%E2%80%99t%20know%20how%20bad%20it%20is%20until%20%5Bit%E2%80%99s%5D%201%20of%20your%20own!%3C%2Fp%3E%0A
INFO
How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

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%3Cp%3EAlyssa%20Alhadeff%2C%2014%3C%2Fp%3E%0A%3Cp%3EScott%20Beigel%2C%2035%0D%3C%2Fp%3E%0A%3Cp%3EMartin%20Duque%2C%2014%3C%2Fp%3E%0A%3Cp%3ENicholas%20Dworet%2C%2017%3C%2Fp%3E%0A%3Cp%3EAaron%20Feis%2C%2037%3C%2Fp%3E%0A%3Cp%3EJaime%20Guttenberg%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EChris%20Hixon%2C%2049%0D%3C%2Fp%3E%0A%3Cp%3ELuke%20Hoyer%2C%2015%3C%2Fp%3E%0A%3Cp%3ECara%20Loughran%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EGina%20Montalto%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EJoaquin%20Oliver%2C%2017%0D%3C%2Fp%3E%0A%3Cp%3EAlaina%20Petty%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EMeadow%20Pollack%2C%2018%3C%2Fp%3E%0A%3Cp%3EHelena%20Ramsay%2C%2017%0D%3Cbr%3E%0D%3C%2Fp%3E%0A%3Cp%3EAlex%20Schachter%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3ECarmen%20Schentrup%2C%2016%0D%3C%2Fp%3E%0A%3Cp%3EPeter%20Wang%2C%2015%3Cbr%3E%3C%2Fp%3E%0A
Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.

Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

MATCH INFO

Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)

Where: Wanda Metropolitano
When: Thursday, May 3
Live: On BeIN Sports HD

MATCH INFO

Uefa Champions League semi-finals, second leg:

Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE

Game is on BeIN Sports

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

SERIE A FIXTURES

Saturday (UAE kick-off times)

Atalanta v Juventus (6pm)

AC Milan v Napoli (9pm)

Torino v Inter Milan (11.45pm)

Sunday

Bologna v Parma (3.30pm)

Sassuolo v Lazio (6pm)

Roma v Brescia (6pm)

Verona v Fiorentina (6pm)

Sampdoria v Udinese (9pm)

Lecce v Cagliari (11.45pm)

Monday

SPAL v Genoa (11.45pm)

2024%20Dubai%20Marathon%20Results
%3Cp%3E%3Cstrong%3EWomen%E2%80%99s%20race%3A%3C%2Fstrong%3E%0D%3Cbr%3E1.%20Tigist%20Ketema%20(ETH)%202hrs%2016min%207sec%0D%3Cbr%3E2.%20Ruti%20Aga%20(ETH)%202%3A18%3A09%0D%3Cbr%3E3.%20Dera%20Dida%20(ETH)%202%3A19%3A29%0D%3Cbr%3EMen's%20race%3A%0D%3Cbr%3E1.%20Addisu%20Gobena%20(ETH)%202%3A05%3A01%0D%3Cbr%3E2.%20Lemi%20Dumicha%20(ETH)%202%3A05%3A20%0D%3Cbr%3E3.%20DejeneMegersa%20(ETH)%202%3A05%3A42%3C%2Fp%3E%0A

The Intruder

Director: Deon Taylor

Starring: Dennis Quaid, Michael Ealy, Meagan Good

One star

SERIE A FIXTURES

Saturday (All UAE kick-off times)

Cagliari v AC Milan (6pm)

Lazio v Napoli (9pm)

Inter Milan v Atalanta (11.45pm)

Sunday

Udinese v Sassuolo (3.30pm)

Sampdoria v Brescia (6pm)

Fiorentina v SPAL (6pm)

Torino v Bologna (6pm)

Verona v Genoa (9pm)

Roma V Juventus (11.45pm)

Parma v Lecce (11.45pm)

 

 

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THREE
%3Cp%3EDirector%3A%20Nayla%20Al%20Khaja%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Jefferson%20Hall%2C%20Faten%20Ahmed%2C%20Noura%20Alabed%2C%20Saud%20Alzarooni%3C%2Fp%3E%0A%3Cp%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
Fixtures

Wednesday

4.15pm: Japan v Spain (Group A)

5.30pm: UAE v Italy (Group A)

6.45pm: Russia v Mexico (Group B)

8pm: Iran v Egypt (Group B)

Our family matters legal consultant

 

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: October 07, 2021, 8:56 AM