Foreign Workers living in Dubai are leaving the country, which is bad news for the country's economy.
According to a report by major news outlets, a number of former troops have reportedly left the UAE following the eradication of epidemics and rising energy prices. The population could shrink by 10%, affecting the Gulf's business and shopping capital.
Wealthy Gulf Arabs have for decades relied on foreign workers to turn their deserts into global cities. Many people have been raised here or raised families, but there is no regular way of citizenship or permanent residence and there is no benefit in overcoming difficult times, it is an uncertain existence.
Dubai's economic model is based on the presence of foreigners, who make up 90% of the population.
Oxford Economics estimates that the UAE, of which Dubai is a part, could lose 900,000 jobs, cause tears in a country of 9.6 million people, and uproot 10% of its population.
Newspapers are full of reports of repatriation flights of Indian, Pakistani, and Afghan blue-collar workers, but those earning more have to suffer, leading to a steady rise in Emirati diseases.
In the global economy, the decision to leave is not straightforward because of the chaos. Residents of Dubai who may face job losses will settle down instead of competing with the newly unemployed.
The International Labour Organization says more than 1 billion workers worldwide are at high risk of losing their jobs or losing their jobs due to the coronavirus.
The UAE is automatically extending expired residents and has suspended work permit fees and some fines. It has recently encouraged local recruitment from the pool of unemployed and forced banks to provide interest-free loans and repayment breaks to struggling families and businesses.
Dubai's biggest challenge is endurance. The city, which has earned a reputation as a freewheel tax haven, has become one of the most expensive hubs for businesses and residents.
In 2013, Dubai was ranked as the 90th most expensive destination for foreigners, according to Mercer, a New York-based consultant. It is now ranked 23rd to become the most important city in the Middle East, although it slipped to 21st in 2019 as rents fell due to overwork.
The UAE Coyote 19 infection does not change as soon as it reopens, but the international dependence of people and goods on it means that it suffers from global barriers.
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