dubai towers

Did you really think that Dubai was going to be immune to the economic crisis the whole world is currently suffering from? Guess again!
Dubai is having more trouble than you think!

The first signs of trouble is the suspension of the project of The Trump Towers!
Nakheel has decided to stop work on the mega-project until the global economic situation stabilizes.

You must have heard also about the layoffs in jobs in Dubai!
Nakheel has laid off 500 workers yesterday! That's about 15% of its workforce! And they're not the only ones!

Dubai's stock market has also suffered! A couple of weeks ago, the Dubai Financial Market suffered a whopping 4.67 billion dirhams (1.27billion dollars) loss in market value! That's what a free fall means! Ouch!

Comments

Cupcake
2 December, 5:33PM

Lots of my friends moved recently to dubai for a better future... they didnt listen to me when i advised them not to go because dubai is not like before...

I guess i will be seeing them very soon!

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