Middle East Economic Survey


No 4



Abu Dhabi In $5.2Bn Bailout Of Aldar

Dubai World and Dubai Holding are not the only UAE entities that have struggled to meet their debt repayments, with the Abu Dhabi government stepping in this month with a $5.2bn bailout for property developer Aldar. It is the first rescue of an Abu Dhabi based company, although over a year ago the oil-rich emirate injected capital into its own banking sector, and agreed to provide $10bn to Dubai...