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Abu Dhabi says assets at least double GDP
- United Arab Emirates: Wednesday, December 30 - 2009 at 10:17
Ratings agency Moody's has said it has been assured by Abu Dhabi that the emirate's financial assets are worth at least double the value of its gross domestic product, Reuters has reported. Moody's estimates the UAE's external debt to reach $138.5bn this year, or 60.9% of GDP, well above $43.1bn in 2005 and $13.6bn in 2001.
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StaffWednesday, December 30 - 2009 at 10:17 UAE local time (GMT+4)
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