A general view of the Abu Dhabi skyline is seen, December 15, 2009. REUTERS/Ahmed Jadallah
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Abu Dhabi is reviewing its largest state-owned companies as the slump in crude oil pressures the emirate's finances, four people with knowledge of the matter said.Mubadala, Abu Dhabi National Energy Co., known as Taqa, and IPIC own about $150 billion of assets, according to Bloomberg calculations.Mubadala's joint venture with General Electric Co. is laying off people and has shrunk assets to about $1 billion, a company spokesman said last week.Abu Dhabi, in addition to the three state-owned companies, could also tap sovereign wealth fund the Abu Dhabi Investment Authority to help support its finances.
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