(EnergyAsia, January 18 2010, Monday) — Abu Dhabi will spend a total of US$25 billion, or 58% of its 2009 crude oil export earnings, to bail out cash-strapped neighbouring emirate Dubai, according to a Dow Jones calculation. The analysis is based on direct and indirect financial support that Abu Dhabi will provide Dubai, which has…
UAE: Abu Dhabi to spend 58% of 2009 oil revenue to bail out Dubai
Posted on January 17, 2010 by EnergyAsia