Abu Dhabi GREs may look abroad for funding as credit tightens at home | The National

Abu Dhabi GREs may look abroad for funding as credit tightens at home | The National:

"A number of Abu Dhabi government-related entities (GREs) are said to be exploring finance options from international lenders as sources of funding at home become more expensive.

Corporate borrowing costs are increasing as deposits in banks dwindle and interest rates rise amid the steepest drop in oil since 2008.

The state investment firms Aabar and Mubadala, as well as the telecoms operator Etisalat, are said to each be seeking between US$2 billion and $2.5bn in loans, people familiar with the situation told The National yesterday."



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