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.
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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..
wow. crazy stuff. and they build http://www.burjdubai.com too.
i agree
i agree
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