A year after scaring global markets over its debt crisis, Dubai still has a huge legacy of debt to deal with over the medium term, and is leaning on its core economic sectors for recovery.
The focus in the city-state has shifted to the traditionally strong sectors of trade, logistics and tourism in order to recover slowly from a crisis caused primarily by a boom-to-bust real estate frenzy.
Financial markets woke up in the red last November 26 after Dubai signalled its need for a standstill on debt payments by its largest conglomerate, Dubai World.
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