Financially troubled Dubai has received an outright gift of $10 billion from its neighbour, Abu Dhabi, to help settles its Dubai World debts. Observers say the aid will allow Dubai to restructure $26b of the debt, but it’s not known what strings are attached to the deal. Abu Dhabi is the largest of the United Arab Emirates.
Posted by Ellen Wallace on 14 December 2009 at 9:20 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 14 December 2009.
Filed under: World news
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