UAE: Abu Dhabi

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In line with the US Federal Reserve (Fed), Abu Dhabi has once again cut its interest rates, spurring further concerns about inflation and raising questions about maintaining the dollar peg.
Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, visited China earlier this month to cement business ties between the two rapidly emerging markets.
While property in Abu Dhabi looks to be a good investment this year due to steeply rising costs, increasing demand and ongoing supply constraints are leading the government to look at measures to lessen the squeeze on tenants.
Though faced with intense competition from regional airlines, Abu-Dhabi-based Etihad Airways announced record first quarter figures, boosting the emirate's fast growing tourism and aviation sector.
On March 18, Abu Dhabi Securities Market (ADSM) announced that it was forging a partnership with NYSE Euronext, the world's largest stock exchange firm, to develop its trading platform and products.
The past few weeks have seen renewed calls from the US and EU for Sovereign Wealth Funds (SWFs) to sign-up to voluntary regulations.

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