Abu Dhabi gives $10bn to Dubai to ease debt
Dubai, Dec 14: In what comes as a big relief to the markets around the world, Abu Dhabi has given 10 billion dollars to Dubai to help ease the debts owed by Dubai World conglomerate .
Dubai government has received the emergency fund, which will go toward paying off debts.
Out if the total fund, 4.1 billion dollars will be used to pay off debt from Dubai World"s Nakheel property division. Nakheel's 3.5 billion dollars bond would be matured on Monday, Dec 14.
UAE central bank is also prepared to provide support to local banks.
OneIndia News
More From
-
Gold Silver Rate Today, 31 March 2026: City-Wise Prices, MCX Trend As Gold Rises And Silver Slips -
Thunderstorm Warning In Delhi NCR: IMD Issues Orange Alert Amid Sudden Weather Shift -
UP STF Nabs Maulana Abdullah Salim Over Controversial Comment On CM Yogi's Mother -
Masood Azhar’s Brother Mohammad Tahir Dies In Pakistan Under Mysterious Circumstances, Cause Yet To Be Known -
VerSe Innovation Appoints P.R. Ramesh as Independent Director and Chair of Audit Committee to Strengthen Governance Ahead of Next Phase of Growth -
“Not Going To Be There Too Much Longer”: Trump Signals Endgame In Iran War -
Iran Threatens To Hit US Companies in Region From April 1, Names Microsoft, Apple, Tesla, Boeing -
‘IPL Official’ Found Dead in Mumbai Hotel, Probe Underway -
Leander Paes To Contest West Bengal Assembly Elections 2026? Tennis Star Joins BJP Ahead of Assembly Polls -
April 1 Rule Changes: PAN, New Tax Law, ATM, FASTag, Cards to Impact Millions, What’s Changing? -
China, Pakistan Call for Immediate Ceasefire in Iran War, Push Peace Talks ‘As Soon As Possible’ -
Iran’s New Hormuz Plan Targets Global Shipping with Tolls, What Does It Mean?
Click it and Unblock the Notifications
Sign in with Google