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dubai, bailouts
(Image from article: "U.A.E. Will Support Banks in Dubai Credit Crisis")

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Abu Dhabi rescues Dubai with $10-billion bailout

Abu Dhabi rescues Dubai with $10-billion bailout

World markets rise on the news. But even though the aid will cover a payment due today, spendthrift Dubai remains heavily in debt.

 

U.A.E. Will Support Banks in Dubai Credit Crisis

U.A.E. Will Support Banks in Dubai Credit Crisis

The United Arab Emirates central bank said it stood behind domestic and foreign banks operating in Dubai after a recent announcement about Dubai World’s debt.

 

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