Will the 'default' effect the car market?
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Dubai has made it to the headlines again..everywhere in the world except our own local newspapers!
I've got several calls from friends abroad asking whats happening...pretty funny situation.
Anyhow, how will this effect the car new and second-hand market? Will sentiments go bad again, and consumers more careful on spending money?
Also, the DP World payment delay already put many of the local banks on lowered rating, and maybe these will stop lending again, which had just started to trickle...this will effect the market for sure.
Will more jobs be lost?
The good news I guess is that Abu Dhabi is still firing on all engines, and should help keep the UAE economy up and running. At least lets hope so!
I've got several calls from friends abroad asking whats happening...pretty funny situation.
Anyhow, how will this effect the car new and second-hand market? Will sentiments go bad again, and consumers more careful on spending money?
Also, the DP World payment delay already put many of the local banks on lowered rating, and maybe these will stop lending again, which had just started to trickle...this will effect the market for sure.
Will more jobs be lost?
The good news I guess is that Abu Dhabi is still firing on all engines, and should help keep the UAE economy up and running. At least lets hope so!