From WSJ: Abu Dhabi’s decision to fight a messy legal battle to extricate its sovereign wealth fund from a costly deal to invest in Citigroup Inc. smacks of wounded Arab pride.
But it will also fuel suspicions that, whatever Abu Dhabi’s long-term oil wealth, it may face near-term liquidity problems raising the cash to bailout both neighboring Dubai and its own speculative investments while meeting its own ambitious development targets………………………………..Full Article: Source