Dubai Gag on Press Freedom

This kind of thing worries me.If you read this article it reports a new 45-article law where journalists and broadcasters could be fined for damaging the country’s reputation or its economy.It seems to suggest that local reporters have been falsely reporting the news which has now caused Dubai property values to fall and companies to start laying off people??Is this possible?Does anyone out there know of any reporters that did this false reporting?Please comment