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UAE economy: On the verge of collapse or on way to recovery?

On one hand, the UAE economy is suffering due to the Iran war, as residents leave and tourists cancel plans. On the other hand, UAE authorities insist everything is fine and recovery is underway.

  • UAE offers $800 package to boost visitor numbers between July and October.
  • Dubai hotel occupancy drops from 80% to 10% during Israel-US-Iran war.
  • Analysts predict GDP will fall for the first time since COVID-19 pandemic.

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