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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Dubai bailouts consume Abu Dhabi’s $43bln ‘09 oil wealth

Posted on 15 December 2009

From Zawya Dow Jones: Dubai’s debt woes are becoming an albatross around the neck of oil-rich Abu Dhabi, which has committed the equivalent of almost 60% of this year’s oil income to bail out its ailing neighbor, according to Zawya Dow Jones calculations.

Abu Dhabi, the largest of the seven emirates that make up the United Arab Emirates and producer of almost all the country’s crude oil, will earn an estimated $43 billion this year from crude exports………………………………Full Article: Source

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