Monday, 25 January 2016

Time to stop criminalising bounced cheque cases | GulfNews.com #UAE

Time to stop criminalising bounced cheque cases | GulfNews.com:

"It is no secret that we are facing another cycle of economic slowdown since the last quarter of 2015. Capital markets are shadowed in red, the real estate market is at a standstill and retail is struggling.

It is true that this is mainly caused by turbulence in the global economy. China’s economy is showing no signs of immediate recovery in spite of all governmental efforts.

Oil prices continue to plummet with no signs of recovery soon and Russian tourism is drying up as a result of the slowdown of the economy and devaluation of the rubble. In reality, part of the problem is of confidence in the markets rather than a cashflow issue."



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