Iran Press/ Middle East: Yemen war in which UAE has effective role from 2015, undermined this country's political and economic standing and also its global credibility.
From 2016, the consequences and implications of the Yemen war on UAE's economy became apparent, so that the implementation of some projects including the first nuclear power plant in Abu Dhabi and also development of Al Maktoum international airport that was supposed to be the world's largest airport in the next 10 years was delayed, Iran Press reported.
According to a report by the Emirates Information and Study Center, United Arab Emirates participation in regional wars and crisis, has faced its fragile economy with numerous crises.
Citing international reports, the center said that Emirates has been forced to fund its participation in wars and crises in the region in particular the participation in the war in Yemen, from sovereign wealth fund.
This is while, investors received worrying news concerning the bombing of Emirate's vital facilities, so they found that UAE rulers are not able to control the situation in Yemen.
Through the second half of 2018, the Dubai financial market suffered a series of losses, its shares fell sharply and sustained a loss of 14 Billion Dollars.
Also UAE secret prisons dossier undermined the reputation of the regime and several international news agencies including Associated Press released shocking reports about the torture of opponents of UAE presence in Yemen.
On the other hand, in the war field in Yemen, there was not any worthwhile or fixed achievement for UAE.
The crisis in the relation between UAE and Qatar has created another negative development for the UAE. 101/207
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