Abu Dhabi is attempting to rein in boom-year borrowing that has triggered bailouts of state-linked companies and losses in parts of its swelling global investment portfolio.
The oil-rich capital of the United Arab Emirates, which pumped at least $20bn into its neighbour Dubai during its financial crisis, has now quietly issued its own tougher policy for debts taken on by government-owned businesses.
The policy makes explicit for the first time that state-linked companies must apply for a sovereign guarantee to ensure government support for their debt.
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