Abu Dhabi has kept its title as the "Capital of Capital," with Gulf sovereign wealth funds expanding their reach worldwide. Despite lower oil prices, a new Global SWF report shows Gulf funds are leading global investment flows and boosting their influence.

Abu Dhabi

Abu Dhabi has retained its status as the leading global center for sovereign wealth funds, according to the latest Global SWF report. The emirate holds $1.8 trillion in sovereign wealth fund assets, the largest amount managed by any city worldwide, and remains at the top of the 2025 World City Ranking for sovereign wealth.

Gulf state funds have been particularly active, deploying $56.3 billion in the first nine months of the year, which represents 40 percent of global deal activity. The total assets of MENA sovereign wealth funds have reached $5.6 trillion and are projected to surpass $8.8 trillion by 2030. Competition among Gulf capitals is strong, with notable activity from funds in Saudi Arabia, Qatar, Kuwait, and Oman, as well as increasing participation from countries like Turkey and Egypt.

Abu Dhabi holds Capital of Capital crown as Gulf wealth funds soar

And, speaking of Adia, it was the second most active state golf investor in the first nine months of this year, after Mubadala, according to the latest global SWF report. The golf state's funds have been active in deal-making this year, deploying $56.3 billion in the first nine months of 2025, accounting for 40 percent of global deal activity. MENA's sovereign wealth funds jumped to $5.6 trillion as of September this year, and are now headed to top $8.8 trillion by 2030. And Abu Dhabi is still the capital of capital. The emirate remains the top-ranked in global SWF's 2025 World City Ranking. There is $14 trillion in sovereign wealth fund assets worldwide, and $1.8 trillion of that is held right here in the UAE capital. It underscores the emirate's status as the growing global hub for sovereign wealth. And what's behind this latest number? $1.8 trillion, which we believe is still the largest city around the world in terms of sovereign capital. And this is not even counting new vehicles like XRG out of Anok, NGX, and some others, and IHC, right? So, you were talking about IHC before. This could be another form of state capitalism and a state investor. And we're not even counting that into those numbers. So, it's really impressive what Abu Dhabi continues to achieve on a daily basis. Walk me through what we're seeing in the region today as well. Abu Dhabi is leading, according to the report, but how strong is the competition that we're seeing from the other Gulf capitals now as well? Yeah, absolutely. So, in terms of activity, we always call them the Oil Five, because they are the five most active sovereign wealth funds in the Gulf. These are Mubadala, ADQ, and Adia in Abu Dhabi, PAF in Saudi Arabia, and QIA in Qatar. And they are normally the most active investors. However, there are other investors as well that have been pretty active during these nine months, including the Kuwait Investment Authority that has started committing capital to large vehicles such as AI Infrastructure Partnership, the Oman Investment Authority, obviously. And even beyond the Gulf, we can see a lot of activity coming from Turkey, Egypt, and some other countries in the region. So, very interesting nine months of the year. And as you can say, as you just said, Adia just announced a new deal. So, even if you publish a report on October 1st, there will be new deals coming up the following week. So, always interesting to watch the space.

Russian President Vladimir Putin spoke at the Valdai Discussion Club in Sochi, Russia on Thursday (October 2). He fired back at U.S. President Donald Trump's remark calling Russia a "paper tiger", suggesting NATO might be one instead. Putin also warned that if the United States supplied Tomahawk missiles to Ukraine it would trigger a dangerous new escalation.

Sochi

Putin warns U.S. Tomahawk supply to Ukraine would trigger escalation

Ukraine and Russia have carried out another exchange of prisoners of war. About two hundred Ukrainian prisoners released by Russia have arrived in the Chernihiv region near Ukraine’s border with Belarus.

Chernihiv

Ukraine Invasion

Russia, Ukraine exchange 185 prisoners of war in latest swap

Two Jewish men were killed and three other men were seriously injured in a terror attack outside a synagogue in the northern English city of Manchester, authorities said.

Manchester

Two killed in U.K. terror attack outside synagogue on Yom Kippur

President Trump has declared the U.S. is in an "armed conflict" with drug cartels as the White House calls drug runners "unlawful combatants."

Washington

Trump declares U.S. in 'armed conflict' with drug cartels

The head of the Dwight D. Eisenhower Presidential Presidential Library has resigned after sources say he resisted a request from the Trump administration to give a sword from the library's collection to King Charles.

Abilene

Eisenhower library head resigns

Two regional jets crashed into each other on the tarmac at New York's LaGuardia Airport when the wing of one aircraft hit the front end of another. One flight attendant was injured.

LaGuardia Airport

Two regional jets collide on tarmac at New York's LaGuardia Airport

Blame was thrown around by all sides on the first day of the shutdown after the White House and Congress failed to agree on a way to keep the U.S. government funded and open. The White House said layoffs to the federal workforce were ‘imminent.’

White House says federal worker layoffs ‘imminent’ after shutdown

Jane Goodall, the British conservationist and researcher renowned for her work with chimpanzees, has died at age 91. The Jane Goodall Institute confirmed her death on Instagram Wednesday, saying she died of natural causes.

Los Angeles

Jane Goodall, chimpanzee researcher and conservationist, dies at 91

U.S. President Donald Trump has signed an executive order, promising military action if necessary, to defend Qatar in the face of any future attack. It follows an Israeli strike on Doha last month, targeting a Hamas negotiating team. Qatar called the attack a violation of its sovereignty, prompting Trump to issue the new security assurances to the Gulf nation.

Doha

Trump signs executive order protecting Qatar after Israeli strike

The Israeli military is pressing on with its offensive in Gaza, launching strikes across the territory, as Hamas weighs up its response to the U.S. peace proposal. Debora Patta reports.

Jerusalem

Middle East Conflict

Israel continues Gaza offensive as Hamas weighs U.S. peace deal

The Supreme Court has added another blockbuster case to its new term of cases. The court announced it would hear whether President Trump can legally fire Federal Reserve Governor Lisa Cook. Jessica Levinson has more.

Supreme Court to weigh Trump firing of Fed's Lisa Cook

Flash floods in Ukraine's Odesa killed at least nine people, including a family of five trapped in their home as it was engulfed by water, emergency services said on Wednesday (October 1), as torrential rain left hundreds in need of rescue and thousands without power.

Odesa Oblast

Deadly flash floods hit Odesa after downpours in Ukraine's south

Parts of the U.S. government remain closed after Senate votes failed to pass funding. A GOP-backed House bill fell short of the 60-vote threshold, leaving 750,000 federal workers facing furloughs and possible military pay delays.

Government shutdown continues after Senate votes down resolutions

In Afghanistan, concerns are growing after days of virtually no internet connectivity. The blackout has disrupted banking, commerce and aviation. The Taliban denies banning internet services.

Kabul

Afghanistan imposes internet blackout

U.S. President Donald Trump said on Tuesday that Hamas militants have about three or four days to respond to his Gaza peace plan proposal or face the consequences. But Gazans saw little hope in the plan, which was presented to Hamas after Israel had endorsed it as satisfying its war aims.

Hamas under pressure as Trump issues deadline on Gaza peace plan

U.S. President Donald Trump threatened to use 'dangerous' U.S. cities as training grounds for the military at a rare meeting of top military officials where he and U.S. Defense Secretary Pete Hegseth took aim at what they called 'woke' military standards.

Trump threatens to train military in U.S. cities

At least 69 people were killed after a 6.9-magnitude earthquake shook the coastal city of Bogo and outlying rural towns in Cebu province in the Philippines, officials said. CBS News foreign correspondent Anna Coren has the latest details.

Cebu

Dozens killed after 6.9-magnitude earthquake shakes Philippines

U.S. President Donald Trump and lawmakers failed to reach a funding deal, causing the government to shut down Wednesday. Tens of thousands of federal workers will be told to stay home – furloughed without pay.

U.S. government shuts down after lawmakers fail to reach funding deal

U.S. President Donald Trump is amping up pressure on Hamas to respond to his 20-point peace plan to end the war in Gaza. He says he wants a response in a matter of days or there will be a ‘very sad end’ to the conflict.

Trump puts pressure on Hamas with deadline on Gaza peace plan

U.S. Defence Secretary Pete Hegseth said there would be no more ‘overbearing rules of engagement’ for the U.S. military while President Donald Trump threatened war on ‘the enemy from within’ at a gathering of top U.S. military commanders.

Hegseth calls for end to ‘politically correct’ U.S. military leadership

European leaders, from Ursula von der Leyen to Emmanuel Macron, have reacted positively to U.S. President Donald Trump's plan to end the war in Gaza.

EU leaders urge Hamas to accept Trump's Gaza plan 'without delay'

Military leaders have been summoned to Quantico Marine Corps base from all around the world by Defense Secretary Hegseth for a rare, in-person meeting. Democratic lawmakers have raised safety concerns about the military leaders leaving their posts for the well-publicized meeting.

Quantico

Hegseth gathers U.S. military leaders for rare, in-person meeting

Imelda is now a Category 1 hurricane, threatening dangerous weather conditions on the East Coast alongside Hurricane Humberto. CBS News' Rob Marciano has more details.

Folly Beach

Imelda becomes hurricane, threatens dangerous conditions on East Coast

Venezuelan President Nicolas Maduro said Monday he is ready to declare a state of emergency over the threat of U.S. "aggression," following a spate of deadly U.S. strikes on suspected Venezuelan drug boats.

Caracas

Maduro ready to declare state of emergency over U.S. 'aggression'

Some have expressed excitement after Bad Bunny was announced as the Super Bowl halftime performer, while others have criticized the pick. CBS News' Lilia Luciano reports.

Bad Bunny to headline Super Bowl 2026 halftime show

President Donald Trump said he would impose a 100% tariff on all films produced overseas that are then sent into the U.S., repeating a threat made in May that would upend Hollywood's global business model.

Hollywood

Global Tariffs

Trump says U.S. to impose 100% tariff on movies produced overseas

Moldova's pro-Europe governing party has won a majority in key parliamentary elections. The result brings Moldova closer to EU membership — but not everyone is celebrating.

Chișinău

Pro-EU party wins majority in Moldova election

U.S. President Donald Trump outlined a 20-point plan for peace in Gaza as he stood with Israeli Prime Minister Benjamin Netanyahu at the White House. Hamas has yet to comment on the plan.

Trump, Netanyahu announce plan to end Gaza conflict

Amid growing impatience over the Kremlin’s reluctance to participate in direct talks with Ukraine, Washington is now considering providing Kyiv with Tomahawk missiles, according to U.S. Vice President JD Vance.

Washington might send Tomahawk missiles to Ukraine, Vance says

The FBI says it is investigating 'an act of targeted violence' after a man crashed his vehicle through the front doors of a Michigan church, opened fire with an assault rifle and set the church ablaze, killing at least four people and wounding at least eight others.

Breakdown