y W.G. Dunlop
Agence France-Presse First Posted 12:35:00 12/06/2009 Filed Under: World Financial Crisis, Economy and Business and Finance, Overseas Employment
DUBAI, United Arab Emirates—Construction worker Bilal is in a happy mood as he takes his lunch break sitting next to an artificial lake near Dubai's showpiece Mall of the Emirates.
But he admits anxiety about the end of his contract in one year's time, when the 24-year-old may have to return to Bangladesh.
The shock news of Dubai's debt crisis is not expected to spark an immediate surge in redundancies in the once-booming desert metropolis, but a gradual exodus is likely as workers' contracts expire and the lack of new projects means they are unable to find new jobs. Read more
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