News Stories Related To: Laid-Off Foreigners Flee as Dubai Spirals Down
By: alihamza 
By ROBERT F. WORTH Published: February 11, 2009 DUBAI, United Arab Emirates — Sofia, a 34-year-old Frenchwoman, moved here a year ago to take a job in advertising, so confident...
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- News Source: Times of India | 9 months agoSofia, a 34-year-old Frenchwoman, moved here a year ago to take an advertising job, so confident about Dubai’s burgeoning economy that she bought an apartment for $300,000 with a 15-year mortgage. Now, like many of the foreign workers who make up...
- News Source: Inquirer.net | 9 months agoLow-paid Asian workers who toil long days to build the skyscrapers of Dubai have become the latest victims of the global financial crisis as companies run short of business and money. For many years, the Gulf emirate was a magnet for South Asian...
- News Source: Trinidad Express | 9 months agoDubai is in panic mode with foreigners fleeing the once high-flying Mid-East miracle economy that is now in freefall. About 3,000 cars sit abandoned in the parking lot at the Dubai Airport, left by fleeing, debt-ridden foreigners, who could in fact...
- News Source: Kuwait Times | 9 months agoThis reality show doesn't originate in New York or Los Angeles, however. It's set instead in oil-soaked Abu Dhabi, capital of the United Arab Emirates and oft-overshadowed neighbor of booming Dubai...The notion of basing a real estate-themed reality...
- News Source: The Guardian | 9 months agoDubai's six-year building boom grinds to halt as financial crisis takes hold • Expatriates flee as work dries up and visas are rescinded • Indian workers forced to leave with debts following them home Arab tycoons wrapped in traditional...
- News Source: Daily Nation | 9 months agoAn unknown number of Kenyan workers in Dubai could be headed home as the global economic crunch takes its toll on the Persian Gulf city. Sh5,250 billion) worth of property projects have been put on hold in Dubai...High-cost residential and commercial...
- News Source: Gulfnews.com | 9 months agoAn economic boom in the region came to an end late last year as the global financial crisis worsened, oil prices collapsed and credit markets tightened. Dubai realty is facing a sharp price correction. "It is important to bear in mind that the Gulf...
- News Source: Zawya Market News | 9 months agoFebruary 2009 Buying by foreign institutional investors (FIIs) accounted for 47.87 per cent of trading on the Dubai Financial Market (DFM) yesterday, affirming a renewed interest by such funds in stocks that have reached attractive P/E (price-to-...
- News Source: Zawya Political | 9 months agoIn an interview, he emphasised the advantage in employing people who understood the cultural landscape and had experienced life in the Middle East. "Companies don't want to take someone on who could come here and not like it and leave again soon...
- News Source: International Herald Tribune | 9 months agoSofia, a 34-year-old Frenchwoman, moved here a year ago to take a job in advertising, so confident about Dubai's fast-growing economy that she bought an apartment for almost $300,000 with a 15-year mortgage. Now, like many of the foreign workers who...
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