In the context of the region, the UAE and especially Abu Dhabi, was the proverbial safe haven along with Qatar.
While it was not a great year by any stretch of the imagination, the UAE looked good simply because others such as Egypt, Bahrain, Libya and Syria were imploding.
And much of it was oil-driven. As the world worried about oil supplies, Abu Dhabi was among the few Opec members (along with Saudi Arabia and Kuwait) to raise production limits to keep the global markets well-supplied.
While it was not a great year by any stretch of the imagination, the UAE looked good simply because others such as Egypt, Bahrain, Libya and Syria were imploding.
And much of it was oil-driven. As the world worried about oil supplies, Abu Dhabi was among the few Opec members (along with Saudi Arabia and Kuwait) to raise production limits to keep the global markets well-supplied.
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