FINANCIAL NEWS

Abu Dhabi’s economy to remain strong in 2015

28 Feb 2015

(MENAFN) Abu Dhabi’s economy will remain resilient and its fiscal policy will stay prudent and flexible over the next two years despite the depressed oil price scenario, Khaleej Times reported.

Standard & Poor’s said it would consider raising the ratings if it observed pronounced improvements in data transparency, including on fiscal assets and external data, alongside further progress in institutional reforms.

“What’s more, measures to improve the effectiveness of monetary policy, such as developing domestic capital markets, could be positive for the ratings over time,” the ratings agency said in a statement.

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