Abu Dhabi gives $10 bn to Dubai

[Johal]

Abu Dhabi gives $10 bn to Dubai, repays Nakheel bond​

Dubai said on Monday it had received USD 10 billion from fellow UAE member Abu Dhabi to help it repay USD 4.1 billion Islamic bond maturing on Monday.
The statement said the excess would be used to cater to Dubai Worlds needs up until the end of April 2010.
"We are here today to reassure investors, financial and trade creditors, employees, and our citizens that our government will act at all times in accordance with market principles and internationally accepted business practices," Sheikh Ahmed bin Saaed al-Maktoum said in a statement. "Dubai is, and will continue to be, a strong and vibrant global financial center. Our best days are yet to come.
Abu Dhabi is the largest member of the United Arab Emirates federation and a major oil exporter.

 

[Justpunjabi]

nice hai

 

[Und3rgr0und J4tt1]

 

[greatmechanical]

good..............

 

[SHauKeeN GaBRu]

badle ch ki litta, nobdoy knows

 

[Dhillon]

I dont think its the first time Abu Dhabi is bailing out Dubai.

 

[Ak47_Riskykz]

Italy nu koi kuch ni de riha

 

[Sourabh]

jithe tere warge bade rahnde uthe waise hi nahi kuch dena

 

[gurvy]

10 dubai nu dete ik adda menu vi de dinde

 

[TIGERJATT]

adda mangda...pukha

 

[gurvy]

Mil jande ta teri vi aish kra deni si

;P

 

[Ak47_Riskykz]

Addha italy khareed laina c

 

[prithvi.k]

Dubai Hit Hard by Global Crisis