Subscribe to RSS feedDubai bailout boosts global markets
by
Roger Hailey, London
—
last modified
Dec 18, 2009 11:16 AM
ABU DHABI’S US$10bn bailout to cover the immediate debts of state-owned Dubai World led to stock market rises in London, Berlin and Paris on Monday.
Dubai World, with total debts of around US$64bn, welcomed the announcement that oil-rich emirate Abu Dhabi would provide funds to pay off a US$4.1bn Islamic bond held by Dubai World’s property developer, Nakheel, which matured the same day.
Dubai World...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
