Reuters scored an exclusive on news that Abu Dhabi is expected to roll over for the second time $20 billion of debt, due next month, that it extended to Dubai during its financial crisis a decade ago, citing three sources familiar with the matter. The rollover comes amid protracted weakness in Dubai’s real estate market, which along with an outflow of funds to Saudi Arabia led to a slump in equity markets last year.
Reuters exclusively reports how Abu Dhabi expected to extend bailout loan to Dubai
05 February 2019, 12:00 am 1 minute
Topics of Interest: Politics
Type: Reuters Best
Sectors: Economy & Policy
Regions: Europe / Middle East / Africa