Dubai Debt, Uae | featured news

(Image from article: "U.A.E. Pledge Calms Markets but Dubai Fears Remain")

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U.A.E. Pledge Calms Markets but Dubai Fears Remain

Wall Street shares were slightly lower as investors tried to assess the fallout from Dubai’s debt crisis as well as retail sales from the kickoff of the Christmas shopping season.

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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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