Another debt crisis in Dubai?
Fewed by - Bilal Jafar
Dubai, the commercial hub of the Gulf, is facing the risk of a debt crisis reminiscent of the 2009 crash that wiped out thousands of jobs and nearly half the value of the emirate’s stock market, economists are warning. This time, declining business growth over recent years is being compounded by crushed oil prices and global lockdowns. Last year Dubai’s economy grew at just 1.94%, its slowest pace since 2009
economy
dubai
crisis
coronavirus
covid19
Fri Apr 24 -
CNBC