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‘Letters from Abu Dhabi’: A Street-level Gauge of Inflation -MW

Early Friday, MarketWatch published the first of a new series of columns about socioeconomic happenings in the United Arab Emirates. “Letters from Abu Dhabi,” by Raymond Beauchemin, deputy foreign editor of The National in Abu Dhabi, is worth the read for the street level views. The inaugural publishing covers the heated topic of inflation. Price caps and freezes seem to be doing the trick, at least for now, but looking further out, the de-pegging of dirham from the US$ appears inevitable.