INTERNATIONAL. Yemen is a dysfunctional, disorganized state. But as usual, the picture is not black and white. With sufficient political will there is real potential for improvement, especially in the areas of responsible and proactive governance, economic development and social inclusion.
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset
position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.