Home Executive InsightsSecuring your ship in an economic storm

Securing your ship in an economic storm

by Wassim Karkabi

What was ‘expected to happen’ is really happening. There is no doubt anymore as to whether the world is in recession, crisis, downturn or whatever else you want to call it. There is also no doubt that the Middle East is affected in its own way by this global downturn. Of all the constituents of the Middle East, Dubai is perhaps the most affected. This is a fact of life, despite how well the news covers it up and the most important issue is that it has not yet hit rock bottom. Some employers will not be affected. If you are one of the lucky ones, then you are an employer who is cash rich, in a high margin business, with leverage so low that it is minimal or a combination of any or all of the above. If not, then you have some tough decisions to make and you

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