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.
Politics
Reuters exclusively reports how Abu Dhabi expected to extend bailout loan to Dubai
05 February 2019, 12:00 am. 1 minute
Article Tags
Topics of Interest: Politics
Type: Reuters Best
Sectors: Economy & Policy
Regions: Europe / Middle East / Africa
More of Reuters Best
Reuters exclusively reports Indian sugar mills to close early as rain hits cane supply; sugar futures jump; shares fall
January 29, 2023
Reuters reveals that India may peg gross borrowing under 16 trillion rupees in 2023/24
January 27, 2023