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The Russians aren't coming to Dubai

Russia's economic turmoil means Dubai is losing one of its biggest sources of customers

Sat, Dec 27, 2014 - 5:50 AM

ECONOMY HIT: The decrease in Russian tourists is hurting the retail, tourism and real estate markets that underpin Dubai's foreigner-driven economy.

PHOTO: BLOOMBERG

Dubai

RUSSIAN-SPEAKING clerks sit idle in the dozens of shops that line Dubai's Deira fur market, waiting for someone to come in and look at the racks stuffed with mink, sable and ermine coats. This was supposed to be the busiest time of the year.

"We knew the storm was coming, but...

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