UAE markets steady after Abu Dhabi offers Dubai bailout (People’s Daily)

December 18, 2009 | FINANCE

by Gerard Al-Fil United Arab Emirates (UAE) stock markets steadied on Thursday, after Abu Dhabi injected 10 billion U.S. dollars in order to save Dubai World from immediate default three days ago. The Dubai Financial Market (DFM) did not extend its rally on Thursday, but the DFM Index closed only 0.57 percent lower at 1,879.26 points. Since its eight-month-low at 1,533.36 points on Dec. 10, the …
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