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

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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.

 

Stocks Open Higher on Dubai, Exxon

Investors were relieved to see Abu Dhabi's $10 billion rescue of Dubai, while acquisition plans announced by Exxon Mobil helped lift the energy sector.

 

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

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.

 

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.

 

Abu Dhabi Won't Bail Out Dubai

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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