Dubai hit worst by lower oil prices

The emirate of Dubai is the city which is most affected by the decrease in oil prices and it may face a crisis similar to the one it faced in 2009, the Sunday Telegraph reported yesterday.

According to Alamatonline.com, the British newspaper said that Dubai is affected by the decrease in oil prices despite its economy not being dependent on oil. Dubai’s economy is largely based on its industrial port of Jebel Ali and the free zones which attract many international firms.