Dubai gets $10 billion from Abu Dhabi to pay debts
Posted by Sherwin on December 14, 2009 · Leave a Comment
The government of Dubai has been given a $10 billion handout from neighboring oil-rich emirate Abu Dhabi to help meet its short-term financial commitments.
The surprise move means Dubai can now repay a $4.1 billion Islamic bond that is due today.
“The government of Abu Dhabi has agreed to fund...
Source: Daily Contributor
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