UAE: Abu Dhabi

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As oil prices continue to fall amid concerns about the global economic crisis, Abu Dhabi is adjusting its expectations as the drop in revenue is expected to impact its economy and potentially its development plans.
Despite the global economic slowdown, Abu Dhabi has made a move to increase its stake in US-based Advanced Micro Devices (AMD), the world's second largest maker of computer processors.
As demand for homes in Abu Dhabi continues to skyrocket, the emirate is wondering how the current international financial crisis will affect the nascent real estate market.
The global economic slowdown is encouraging a spending spree from oil-rich governments in a wide range of sectors. After the Carlyle Group, Citigroup and New York's Chrysler building, investors in Abu Dhabi are looking to opportunities presented in sport and film production.
The joint venture launched by Abu Dhabi's government investment arm Mubadala and energy firm Petrofac is the latest move by Abu Dhabi to diversify and develop its economy.
Residential property prices in Abu Dhabi are expected to continue to rise until at least 2012, which has prompted the authorities to intervene.

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