UAE: Abu Dhabi

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The past few weeks have seen renewed calls from the US and EU for Sovereign Wealth Funds (SWFs) to sign-up to voluntary regulations.
Figures released by the United Arab Emirates (UAE) Central Bank will no doubt further alarm government officials debating the nation's monetary policy. Year-on-year total liquidity (M3) supply surged 33.8% on the back of rising oil and a weakening dollar.
While hydrocarbons will continue to be used for the foreseeable future, Abu Dhabi is looking to develop new technologies and commercially viable and sustainable energy solutions.
The Abu Dhabi Tourism Authority recently released figures indicating that the number of visitors to the capital emirate grew by 16% in 2007, one of the highest growth rates for the sector worldwide.
Abu Dhabi made major advances this year in terms of government policy, structure and economic initiatives.
During a recent trade delegation to Japan, the Abu Dhabi National Oil Co (ADNOC) signed a $3bn loan deal with the Japan Bank for International Cooperation (JBIC).

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