Browsing All posts tagged under »recession«

Dubai recession and expats’ departures benefit disadvantaged residents

August 11, 2009

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Skynews Dubai’s ‘Robin Hood’ Benefits From Recession 2:55pm UK, Monday August 10, 2009 Ashish Joshi, Gulf correspondent As the recession forces more Britons to return home from United Arab Emirates, many are donating unwanted items to groups taking from the rich and giving to the poor. Many Britons are returning to the UK as the […]

Global Recession Hits Dubai Job Market–The Dubai Files

March 18, 2009

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Updated January 4, 2010 Dubai Before November 2008 Dubai in 2009 Dubai companies given “junk” status Al Jazeera, Jan 4, 2010 Standard & Poor, an international ratings agency, said it has cut the credit ratings of six Dubai government-linked companies to junk status. S&P said on Thursday it has taken the move as the likelihood of […]