Timeline for the National Peoples congress in beijing. He says it should remain stable over the year. But it does remain a sensitive market. They have a new offer for striking workers at the mine in chile. If these negotiations are to resume, the unions involved have yet to respond to news of the improved offer. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. A quick market check now. Later on. Ve in update this is bloomberg. Welcome to the best of Bloomberg Markets middle east. Major storiesthe driving headlines. President trump signed a new travel order. Six muslim majority nations are on the list. But iraq escapes the ban of this time around. Arms fighters in libya seized the biggest oil port. Futuristicto bring transport system to the gulf. Developer has gotten International Attention on the back of this deal with donald trump. Business at home will be in focus. Groupke to the damascus chief officer. Lets start off with your
Garnered international attention. It is business at home, will be in focus. We spoke to the group chief financial officer. I would like to start off with your sense in terms of the operating environment. This chart on bloomberg tells the story in terms of highend dubai property. This goes all the way back to 2009. Can you see the downside pressure. This is the paris per square foot. This is for high end villas and apartments. What is your take . I think to understand where we are today, we need to take a step back and look at it precrisis, going into the crisis and coming out of the the crisis. Up until 2008. The tube mark had been growing. In 2008, not unlike the rest of the world, dubai had a tough financial crisis in which property prices and other asset prices crashed. It took dubai around about four years to come back. If you compare to some of the other areas, london, early 1990s, it took them 910 to recover. It took dubai four years to recover. Then dubai had a great run in 2013
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