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Email this article: Beyond oil: Abu Dhabi seeks to diversify its economy
Posted: Sat January 21, 2012 8:03 pm
UAE. Enormous oil revenues and a far-sighted government have powered Abu Dhabi's economy for 40 years. But as the UAE heads into its fifth decade, it is time for private enterprise to lead the way. But is private industry ready to take up the offer?
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UAE. An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the U.S. dollar, but local bankers said any change to the peg remained very unlikely for the foreseeable future.
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