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Economy / United Arab Emirates

UAE

May 2012 | Risk Summary

UAE Finance Minister Sheikh Hamdan bin Rashid al-Maktoum told reporters in late May that the country may give emergency financial assistance to Yemen to help avert a humanitarian disaster. Both Western and Gulf states pledged to donate approximately US$4bn to Yemen at a donor's conference in Riyadh, as concerns grow that the political crisis has dealt a severe blow to the economy, and the government's ability to meet the basic needs of its citizens.

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