Dubai Will Not Cover Dubai World’s Losses

Abu Dhabi – Dubai’s largest stock market – lost a record 8.3 percent after Dubai’s finance minister, Abdulrahman al-Saleh, said that the government will not cover Dubai World’s mounting debts. According to BBC Middle East Reporter Ben Thompson, this statement is somewhat at odds with the commonly-held belief from many who invested in Dubai World, believing that the Dubai government would guarantee them.

BBC News

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