Infusion eases fears over Dubai
$10 billion from neighbor lifts stock index 10.4%
Posted: December 15, 2009 at 4:22 a.m.
Investors monitor share prices Monday at the Dubai Financial Market in the United Arab Emirates.
Oil-rich Abu Dhabi pumped $10 billion into its indebted neighbor Monday, sending stocks soaring and sparing Dubai and the rest of the Emirates federation the humiliation of an imminent default by one of the struggling Arab boomtown’s star companies.
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Business, Pages 23 on 12/15/2009
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