Comment on Dubai, Abu Dhabi markets slide

Dubai, Abu Dhabi markets slide

The decline follows last week's news of a conglomerate's struggle with its huge debt. Asian markets are rebounding but European markets fall. Dubai's main stock exchange dropped more than 7% today and Abu Dhabi markets slid more than 8% on the first day of trading in the United Arab Emirates since officials went public that conglomerate Dubai World was struggling with its $60 billion in debts.

 

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