EconomyUAE economy: On the verge of collapse or on the way to recovery?
The Iran war has hurt the UAE as residents leave and tourists cancel trips, with Dubai hotel occupancy plunging from 80% to about 10%. Authorities say recovery is under way and have offered incentives and roughly $680 million in support for affected sectors. But job cuts, weaker investment, inflation, falling property prices and risks linked to the Strait of Hormuz remain concerns.
DDW★★★★☆2026-08-17 17:46Original
UAE economy: On the verge of collapse or on the way to recovery?
Economy