What is impact of the financial crises on the United Arab Emirates?

Impact of financial crisis on the United Arab Emirates

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December 28 , 2008

This will review the various aspects of the impact of financial crisis faced by United Arab Emirates

The world economy today is facing a huge financial crisis that it has witnessed never before . It is the strongest turmoil that will have long term effects on both the developing and the developed nations . This global disturbance of the financial system is of staggering proportion

This crisis came to existence in the world 's strongest economy , which is the U .S economy . Many economists believe the root cause behind this to be the uncontrolled distribution of mortgage loans to large number of consumers belonging to all segments of life (Global economic crisis n .d

These mortgages were eventually transformed into security investments which were further distributed to various financial institutions worldwide by the Wall Street . Therefore this step brought huge losses to the Wall Street and all the world markets including the United Arab Emirates felt the impact . Today all the markets face liquidity problems and investors have lost their trust in the financial institutions

United Arab Emirates is one of the world largest emerging economies They have shown significant growth in the past decade or more . Although it cannot be compared to the pace , at which China and India are growing But this market has great potential and has attracted foreign investors from worldwide...