Monday, December 14, 2009

Abu Dhabi Bails Out Dubai World With $10 Billion

The Abu Dhabi government has finally decided to bail out Dubai World with $10 billion. This move has caused the stock markets there to soar as what has been determined implicitly has crystallize at last. This sum of money given to Dubai World would provide the company with the leeway to restructure its debt.

No comments:

Post a Comment