Abu Dhabi Well Positioned To Weather Storm
—>Abu Dhabi is well-positioned to weather a sustained period of low oil prices and slow global economic growth due to its strong public finances, according to a major international ratings agency.
Over the past decade, Abu Dhabi has stored a significant portion of its oil earnings offshore, and can now tap that wealth to insulate important banks and government-owned companies from the global economic crisis, Moody’s Investors Service said in a report. [More..]
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