Dubai World received a financial support
Dubai is believed to save its positions
In brief: bu Dhabi government has provided Dubai World of $10 billion in order to help to cover its debts.Arab Emirates help each other to survive. Abu Dhabi government has provided Dubai World of $10 billion in order to help to cover its debts.
$4.1 billion is to pay off the bills of creditors. The funds remained will be used to cover company’s debts and business needs through the end of April, 2010.
Besides Dubai’s government says about UAE central bank forwardness to provide support to local banks.
Due to these emergency funds the raise of stock markets indices in Asia has become the fastest in last 14 months. The stock index ATP MSCI Asia Pacific has grown up to 0.5% in comparison with Friday’s. Also the US futures on stock indices has been growing up.
Maria Velikanova2009-12-15 09:03, Economics.
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