The Dubai crisis could affect the flow of remittances from Dubai, apart from affecting the cement export.

It should be noted that in the financial year 2009, the UAE market accounted for almost 7% of country's valued-based export whereas the Lucky Cement is the main exporter to UAE market.

It might be remembered that Dubai World had implemented gruesome projects of strategic importance in the emirate; however it had been affected by the global financial turmoil.

However, to handle the situation, Dubai World has disclosed details of a restructuring plan covering $26 billion in debt that could include asset sales. It is learnt that since Dubai World was set up as an independent commercial company, its debts and obligations were not guaranteed by the government.