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(Image from article: "Abu Dhabi rescues Dubai with $10-billion bailout")

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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.

Abu Dhabi Won't Bail Out Dubai

Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbor Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling.

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