04.12.2009 - Aftermath of the Dubai debacle

From Financialexpress.com: Abu Dhabi has $50 billion of annual oil revenue and some $400 billion in its sovereign wealth fund. It thus could easily support Dubai, as it did in February. Moreover, total foreign claims on the UAE (which includes Dubai) are $123 billion, according to the BIS. This clearly exaggerates the exposure to Dubai, as the BIS data includes SWAPs data and, above all, lending to other UAE states than Dubai.................................Full Article: Source

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