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Sunday, November 8 - 2009

UAE external debt totals $170bn

  • United Arab Emirates: Sunday, November 02 - 2008 at 11:04

The UAE's external debt currently stands at Dhs623.9bn ($170bn) this year, up from $145bn in 2007, according to credit rating agency Fitch Ratings. Although economic fundamentals remain strong, the current liquidity shortage and a possible real estate market correction could hamper investor confidence further.

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