The Abu Dhabi government may not sell bonds this year due to the difficult market conditions, but may do so next year, Reuters has reported. “We are testing the market and we have seen that the market is very responsive. We will act accordingly,” says Mohammed Ahmed al-Bowardi, secretary general of Abu Dhabi’s Executive Council. Abu Dhabi, which accounts for nearly all the oil wealth of the world’s third largest crude exporter, last tapped the markets in April 2009, selling $3bn worth of sovereign debt.