Thousands of Palestinian workers in Dubai may lose their jobs due to the financial crisis there, economists project.Over the past few months, thousands of the estimated 100,000 Palestinian laborers working in Dubai have lost their jobs.
The Gulf state's economy is grinding to a halt, due to the huge international debts the country took on to drive its breakneck expansion coupled with the global economic crisis.
Last week, the Dubai government announced its flagship conglomerate needed a six-month halt to interest payments on $59 billion worth of debt.
Posted via web from noahdavidsimon's posterous
Might be a good idea to lock down those Israeli borders this year.
