Economics

Dubai at Risk as Coronavirus Poses Shock to U.A.E. Economy, Says Moody’s

Security guards guide shoppers at the entrance of a market in Dubai, on April 23.Photographer: Christopher Pike/Bloomberg

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By Shaji Mathew

April 28, 2020 at 3:20 PM UTC

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Dubai’s reliance on real estate, transportation and tourism makes the Middle East business hub the most exposed to the impact of coronavirus in the United Arab Emirates, according to Moody’s Investors Service.