Risk Management Report: UAE - Emirates
Risk Management Reports
Issue 984
- 08 Jan 2015
| 1 minute read
Abu Dhabi had not passed its 2015 budget at the time of writing, and will be more affected by the fall in oil prices than Dubai. It has healthy fiscal buffers and a lower break-even price than other major oil producers, however, meaning growth should not be too stymied by cheap oil. Abu Dhabi has focused in recent years on building up its non-hydrocarbon sectors; one of MBZ’s ambitions has been to establish his emirate as a
renewable energy hub, in the same way that his father established it as a major oil, gas and oilfield services centre.
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