Abu Dhabi bails out Dubai with $10 billion | Breaking Tweets

Abu Dhabi bails out Dubai with $10 billion

Oil rich Abu Dhabi decided to help out their Emirates neighbor Dubai on Monday with a 10 billion dollar bailout.

Times of India reports, The move was the least expected of all options Dubai had on the table after requesting a standstill on $26 billion in Dubai World debt on Nov. 25, alarming markets and shaking the image of the emirate as a regional business hub.

Twitter users are worried for the future of Dubai, but are happy to know that Abu Dhabi has decided to help.

  1. Matt Sliedrecht
    msliedrecht (Dubai, UAE) Whoo Dubai gets AED36 billion bail out from Abu Dhabi.
  2. Koolpep
    Koolpep (Dubai, UAE) @tomsp Dubai would bail out their companies if they could, my friend. They simply can’t. The other side of todays news, I guess.
  3. Tom Davia
    miamigemini (Miami, Florida) Abu Dhabi had to bail out Dubai today for $10B+. It really is bye bye, Dubai… http://bit.ly/MKHNJ
  4. Hannah Armstrong
    HannahHaniya (Casablanca) Wasn’t it kind of obvious that #Abu Dhabi would bail out Dubai? Wondering what took so long.
  5. Siyabulela Sekeleni
    siyabulelas (Johannesburg, South Africa) In debt? Dont feel isolated, even Dubai needs a bail out of mammoth proportions. Geez!

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  • wow. crazy stuff. and they build www.burjdubai.com too.
  • It's nice to know that Abu Dhabi helped Dubai. That 10 billion will really a big help for Dubai especially that there are facing this debts..
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