UAE: Abu Dhabi

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Earlier this month, the Abu Dhabi Securities Market (ADSM) signed a cross-listing agreement with the Muscat Securities Market (MSM), reflecting its will to attract foreign investors, improve its performance and strengthen its links with regional markets.
The announcement last week that Abu Dhabi will be home to the first Ferrari World is another clear signal of the emirate's intent to become a leading tourism destination.
Abu Dhabi is continuing its policy of diversifying revenue streams by building up a substantial portfolio of overseas investments.
This month, the leading regional retail event in the Gulf, the Dubai Shopping Festival (DSF), will kick off on December 20 and will run until February 2.
The recent decline on Dubai's capital market was nothing more than a normal albeit rather sharp market correction, with some observers thoughtfully preferring to call it a "reaction".
This week, the UAE government has been defending the investor friendly business environment that is stimulating the construction industry in the country.

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