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Dubai and Abu Dhabi haven't always had the best relations - they're both Emirates but that doesn't mean that they agree on everything. Fiscal policy could very
by omarish 17y ago
Dubai and Abu Dhabi haven't always had the best relations - they're both Emirates but that doesn't mean that they agree on everything. Fiscal policy could very well be in this set of things.
http://news.bbc.co.uk/2/hi/middle_east/8382275.stm http://news.bbc.co.uk/2/hi/middle_east/8382275.stm - have a look through the section titled "Competition".
Also, oil is relatively inexpensive right now. Abu Dhabi exports a lot of oil. I don't want to risk making a false correlation, but that could have something to do with it.
- evgen 17y agoThere is definitely the fiscal policy aspects (Abu Dhabi has good reason to let Dubai and its backers know that it will not necessarily bail them out) and there are also socio-cultural aspects as well. Abu Dhabi is much more conservative than Dubai and there is some friction there that is getting magnified by the financial aspects.