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Dubai’s $10B bailout by Abu Dhabi calms fears

Posted on: December 15th 2009 in Market News.

Abu Dhabi feeds Dubai $10 billion to cover debt on deadline, calming financial worries for now DUBAI, United Arab Emirates (AP) — Oil-rich Abu Dhabi pumped $10 billion into its indebted neighbor Monday, sending stocks soaring while sparing Dubai and the rest of the Emirates federat…

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