08.12.2008 - Wealth reserves to shield UAE from global credit crisis
From Korea Times: The global crisis will have only a limited impact on the UAE economy, thanks to the huge wealth accumulated during the record surge in oil prices, according to a new banking report. The country will continue to record fiscal surplus in 2008 and 2009 as it has the lowest break-even oil price in the GCC of $23 (Dh84.48) per barrel against the IMF's baseline petroleum price projection of $68 per barrel for 2009, says the report..... Full Article: Source