Economics

Global Downturn Is Starting to Gain a Foothold in the Gulf

The Burj Khalifa skyscraper, center, towers above commercial and residential properties in Dubai.
Photographer: Christopher Pike/Bloomberg

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By Abeer Abu Omar

September 3, 2019 at 7:57 AM UTC

Updated on

September 3, 2019 at 11:48 AM UTC

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Sentiment soured further in the United Arab Emirates as a gauge of business conditions in the second-largest Gulf economy slumped to an eight-year low.