The non-financial corporate sector in the UAE is showing signs of fiscal improvement, albeit stress testing indicates continued vulnerabilities to global financial conditions, particularly in the real estate sector, the International Monetary Fund, or IMF, said.
The Washington-based fund said in its country report on the UAE, that the corporate-financial link is important for the Emirates.
Total assets of 53 listed non-financial corporates decreased slightly to $127 billion in the third quarter 2011 from $128 billion in the same period a year earlier in spite of the worldwide financial meltdown.
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