Debts may be dated back in history. Back then, people sold services and goods in return for other services and goods.
It's hard to believe that debt collection in Dubai is different from the United States. It's not just about language, geographical distance or culture--the laws regulating debt collection in Dubai are completely different than what we're used to here in the US.
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Traces of the debts can be found from the ancient times of the barter system. That was when people were selling commodities and servicing other goods and services.
A debt is a financial obligation against a provided contract, commodity, loan or any other responsibility that has a benefit of money on a person or organization.
The UAE oil crisis triggered job cuts and a decline in the tourism industry in 2016. Significantly, the Persian Gulf nation has seen a rise in its customer bad debts