AP
Maritime and
Mercantile International
The Associated Press
ID
Premier League
NBD
UAE
Property Monitor
REIDIN Data
Analytics
Mike Glen
Al Maktoum
IHS Markit
Khatija Haque
DAMAC
Donald Trump
Hussain Sajwani
Ozan Demir
Jon Gambrell
Muslim
Emirati
Muslims
Indian
No matching tags
No matching tags
DUBAI
United Arab Emirates
Dubai
the United Arab Emirates
Oman
UAE
Euromonitor
Sharjah
Iran
Kuwait
Saudi Arabia
Great Recession
Expo 2020
DUBAI, United Arab Emirates (AP) — Dubai again has loosened laws governing alcohol sales and possession of liquor as the sheikhdom tries to claw its way out of an economic depression worsened by the coronavirus pandemic. Alcohol sales have long served as a major barometer of the economy of Dubai, a top travel destination in the UAE, home to the long-haul carrier Emirates. The company’s chairman, Hussain Sajwani, blamed the pandemic for the poor results.“Resulting travel restrictions impacted the economy and the real estate sector, and we will see a difficult market for the coming 18 to 24 months,” Sajwani said.Meanwhile, the mass layoffs have seen a noticeable number of for-rent and sales signs in front of homes and apartments across the city.
As said here by JON GAMBRELL