CLEAN: Dubai seeks to calm fears over economic fallout

The transcript discusses the need for a realistic investment approach, highlighting the scrapping of projects worth billions. It clarifies that Dubai was not defaulting but needed more time to pay back, emphasizing its strong market fundamentals despite temporary difficulties. The secrecy surrounding a recent announcement caused market shock, but Dubai's infrastructure remains unmatched in the Arab world and GCC.

What was the main issue with the projects that were scrapped?

• They were too expensive.

• They were not aligned with real demand.

• They were technologically outdated.

• They were environmentally harmful.

What was Dubai's stance on its financial obligations?

• It increased its investments.

• It refused to pay back.

• It requested more time to fulfill them.

• It declared bankruptcy.

What is the current state of Dubai's market fundamentals?

• They are weak and unstable.

• They are strong and promising.

• They are declining rapidly.

• They are unpredictable.

What was the reaction to the announcement made on Wednesday?

• It was well-received.

• It went unnoticed.

• It shocked people.

• It was celebrated.

Why is Dubai considered irreplaceable in the Arab world and GCC?

• Due to its cultural heritage.

• Because of its natural resources.

• Owing to its advanced infrastructure.

• Because of its political stability.