Abu Dhabi plans to curtail bond sales by state companies and review the investments they hold to ease through the sale of sovereign bonds and ensure the firms' actions benefit the economy.
The plan to centralise fundraising and crack down on undisciplined issuance in the biggest of the seven United Arab Emirates has been in the works for at least six months and may take another year to complete, several people familiar with official discussions told Reuters.
Top officials are keen to improve accountability and discipline in state-owned firms, some of which have been described as "mini-fiefdoms".
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