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Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil demand slows as growth in India, China dip

Traders expect growth to slow further as US sanctions on Iran take hold from Nov.

16 Aug 2018 12:29 AM IST