Global Downturn Is Starting to Gain a Foothold in the Gulf
The Burj Khalifa tower, center, stands among city skyscrapers and the Address Sky View, right, under construction by developers Emaar Properties PJSC, in Dubai, United Arab Emirates. (Photographer: Christopher Pike/Bloomberg)  

Global Downturn Is Starting to Gain a Foothold in the Gulf

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(Bloomberg) -- 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.
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