Reuters exclusive on Abu Dhabi review of state firms

Reuters exclusively reported on May 18 that oil-rich Abu Dhabi is reviewing its own state-linked firms and would rein in spending, potentially sell assets and curb bond issuances to avoid a Dubai-style borrowing binge and meltdown. The exclusive on the secret review, which is being orchestrated at the highest levels of Abu Dhabi government circles, prompted calls from investors and analysts wanting to know more. Abu Dhabi`s CDS prices edged higher in London the next day as investors welcomed the action. Competitors including Bloomberg and Dow Jones have been unable to match the story which came after months of tapping key sources in the Gulf Arab emirate.