Abu Dhabi gives Dubai $10b lifeline
China Daily | Updated: 2009-12-15 08:10
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Cranes tower over buildings under construction in the Business Bay district in Dubai, United Arab Emirates. Dubai's share index added 10 percent. Bloomberg News |
DUBAI: Abu Dhabi provided $10 billion to help Dubai World, the state-owned holding company, meet its obligations, including $4.1 billion needed to repay an Islamic bond that matured yesterday for the real-estate unit Nakheel PJSC.
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