The Abu Dhabi Investment Authority (ADIA), one of the world's richest wealth funds, is planning to close its London offices.

Worth an estimated $773bn, ADIA has issued a statement saying the decision won't affect its investments or commitments to the UK.

The fund, which has a stake in the UK's Gatwick airport and Thames Water, opened its London office, its only international hub, in the mid-1980s.

While it's not often that we at Counting the Cost delve into the world of sovereign wealth funds, ADIA's announcement comes at a time of perceived tensions between both countries.

There have been repeated claims lately that the UAE has been trying to use its financial clout to influence British foreign policy.

Central to the claims are reports that UAE officials promised the UK a $9bn arms contract only if Prime Minister David Cameron ordered a clampdown on the Muslim Brotherhood.

And just last month, Saudi Arabia's ambassador to the UK said that trade links could be threatened after opposition leader Jeremy Corbyn criticised the Kingdom and its human rights record.

Sara Bazoobandi, a lecturer in International Political Economy at Regent's University London, joins Counting the Cost to discuss ADIA's planned closure and what it means for both countries.

Christine Lagarde: A stiff message to Gulf countries

Countries in the Gulf region are struggling to keep their balances in check as oil and gas prices have dropped sharply over the past year, leading to significant revenue shortfalls.

In a recent report, the International Monetary Fund (IMF) warned that if countries such as Saudi Arabia didn't adapt to the price drop and seek alternatives they could run out of buffers in just five years.

Christine Lagarde, managing director of the IMF, recently spoke to Al Jazeera's Martine Dennis and said the Gulf should start looking at ways other than oil and gas to bring in money.

Source: Al Jazeera