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Inside this issue

• A property crash and a bail-out have forced the emirate to re-evaluate its development plans

• The extent of both consumer and state debt in the emirate remains unclear - -

Content

City-state forced to rein in ambitions

A property crash and a bail-out forced the emirate to re-evaluate its development plans, writes Simeon Kerr

Economy: Recession exposes need for reform

After years of stellar growth, the emirate has been knocked sideways by the global downturn, says Simeon Kerr

Trade: Jebel Ali is weathering economic storm so far

How has the global slowdown affected commerce? Robin Wigglesworth investigates

Financial services: Buffeting for banks from credit crisis

Extent of consumer and state debt unclear, says Robin Wigglesworth

Real estate: Are prices at the bottom?

After big falls, the outlook seems to be improving, writes Robin Wigglesworth

Property profile: Dubai takes a battering in the property downturn

Thousands have taken advantage of the ending of Dubai’s real estate bubble to find cheaper rents in the UAE’s commercial centre, writes James Drummond

Employment: Expatriates scurry home as jobs evaporate

Both ends of the labour market are suffering, writes Simeon Kerr

Education: Lessons to be learnt as schools face scrutiny

Inspections should help improve standards, says Andrew England