UAE

The Dubai World debt crisis highlighted the changing balance of power within the UAE federation, and Abu Dhabi's last minute bailout will have long-lasting political consequences. Despite having always been the capital of the UAE, not to mention the owner of almost all its oil reserves, Abu Dhabi has previously been content to take a back seat on the international stage, while Dubai grabbed the headlines with its latest megaproject. Those days are now over; Abu Dhabi's bailout has shown the world where the real power lies within the UAE, and we expect it to exert far greater influence over

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