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Bloomberg: Abu Dhabi Bails Out Dubai World With $10 Billion

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Tags: Abu Dhabi, Bailout, Dubai, Dubai World, United Arab Emirates

In an attempt to pave the way for an orderly debt restructuring plan, Adu Dhabi agreed to give the state holding company Dubai World a $10 billion capital injection.  It was just last month that the shock of Dubai World's troubles reverberated across international markets sending investors into a minor panic about the stability of investments in the company and even the region.

Word of the bailout has had an immediate effect on the Dubai Financial Market General Index, helping it rise 10% and pushing the MCSI Index up 0.4%.

Read the whole article here.
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