Introduction
During the year 2008, American financial centers were hit with a series of bankruptcies that take most experts by surprise. These crises were part of an outline of economic fail which includes sub prime crises and the decline and reject of the real estate bubble

The sub prime mortgage loans lost banks trillions of dollars during the year 2007. “sub prime” is used to describe the practices used by different banks in giving people loans with bad debt histories and limited borrowing experiences.
As a result, a huge number of borrowers fail to pay their loans leaving banks with maximum losses that couldn’t be closed out.
As the financial crisis rapidly spreads around the world, UAE was selected in specific, due to the fact that the economy in this country slowed unexpectedly.

Talking about UAE crises in specific was a great challenge, due to the difficulties in finding the serious people to contribute in answering the required survey and give their feed on the current financial situation in UAE and how this issue affect them and will affect them in the long run.
I will arguer on the importance of the importance of financial awareness and financial education required to assist people in their financial decision.
In UAE it is debatable whether there was a delay in recognizing the seriousness of the crisis. But it seems that the governments and central banks in the country responded appropriately to this challenge.

Some of the information was supported by the alarabiya new channel articles which helped to give an over view of the current crises in UAE.


To conclude an interview will be conducted with Abu Dhabi Commercial Bank and a survey questionnaire will be distributed to targeted people to have their feed back on the effect of the crises on them.