Abu Dhabi is this weekend putting together a rescue package for Dubai, its debt-laden Gulf neighbour, in an attempt to restore calm in panicked international markets.
In wake of debt crisis, Dubai’s Sheik Mohammed bin Rashid Al-Maktoum meets with Abu Dhabi (New York Daily News)
As world markets absorbed the shock of Dubai’s debt crisis, the ruler of the once-booming city-state left town for an important meeting in a desert palace. His hosts: the leaders of neighboring Abu Dhabi whose balance sheets are flush with oil revenue.
Wall Street braces for Dubai debt fallout, jobs data (AFP via Yahoo! News)
Wall Street braced for repercussions of the Dubai debt crisis to unfold and for looming key economic data, after winding down a turbulent holiday-shortened week.
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