Sovereign wealth
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Abu Dhabi to withdraw billions from ADIA to meet deficit, Fitch says
The assets of the Abu Dhabi Investment Authority will probably shrink by billions of dollars by the end of this year as the emirate’s government taps its sovereign-wealth fund to bridge a deficit brought on by low petroleum prices, Fitch Ratings Ltd. said. Assets will drop to $475 billion (Dh1.74…
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