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Debts may be dated back in history. Back then, people sold services and goods in return for other services and goods.
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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.
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
The legal process established for debt recovery is well controlled. Many money cases are still being settled with the bailiffs mostly involved in the final stages through the Trial