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

Abu Dhabi bails out Dubai with $10 billion

Posted by Fahad Zuberi on 12/14/09 • Categorized as Economy, Mideast

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. 14 Dec 2009 from TwitterBerry
  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. 14 Dec 2009 from TweetDeck in reply to tomsp
  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 14 Dec 2009 from TweetDeck
  4. Hannah Armstrong
    HannahHaniya (Casablanca) Wasn’t it kind of obvious that #Abu Dhabi would bail out Dubai? Wondering what took so long. 14 Dec 2009 from Echofon
  5. Siyabulela Sekeleni
    siyabulelas (Johannesburg, South Africa) In debt? Dont feel isolated, even Dubai needs a bail out of mammoth proportions. Geez! 14 Dec 2009 from mobile web

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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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