Dozens of expansion projects have been cancelled and thousands have lost their jobs in Dubai. Standard and Poor's said on Tuesday that Dubai’s economy could shrink 2-4 percent this year.
Many employment disputes are expected especially involving western expatriates who took high-paying jobs in Dubai when demand was high but now find their positions under threat.
The Lawyer publication broke the news in early March of the first legal job cuts in the Middle East. Seven Trowers & Hamlins employees lost their jobs in Dubai, Muscat and Riyadh, six of them associates and most from project finance