| The UAE benefits from a large positive net international investment position (IIP) that is far higher than its aggregate external debt, Moody's Investors Service said. "Although not officially published, historical financial flows, sovereign wealth fund [SWF] assets and external debt data suggest that UAE's net IIP may be as high as 130 per cent of the country's gross domestic product [GDP], ranking the country in the top quartile globally," said Moody's.
Assets of the country's largest SWF, the Abu Dhabi Investment Authority, or Adia, which are estimated at approximately 160 per cent of GDP and invested primarily overseas, represent the main component of the country's net IIP, far exceeding the stock of external debt, which is expected to exceed 70 per cent in 2016...............................................Full Article: Source
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