Dubai businesses voice fears about slow recovery | Financial Times:
A series of government reforms in recent years has failed to revive Dubai’s economy, business people have warned, as the Gulf’s commercial hub struggles to shake off a four-year slump.
Senior business figures and officials are concerned that the crisis, sparked in 2015 by the slide in oil prices, has not eased despite higher crude markets last year which were expected to boost confidence in a city renowned for recycling petrodollars.
Tensions with neighbouring Iran, encapsulated in the bloody war in Yemen, as well as the embargo on Qatar, have compounded an already protracted slowdown in trade, tourism and retail.
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