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Dubai, Financial Timeline Monday, April 9 Bookmark and Share     Author
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Dubai debt woes 'a drama, but no crisis'
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Abu Dhabi Business   Debt (123)   United Arab Emirates Financial (4)   Iraq Aid (23)   United Arab Emirates & Iraq (7)
Utility faces $2B debt demand
Abu Dhabi gives Dubai $10bn to pay debts

year 2009 Top ^

  Dubai's government has been given a handout from United Arab Emirates neighbour Abu Dhabi to help it pay off its debts
  The credit downgrades of government-owned companies have triggered a payment clause on a debt issued by the emirate's utilities provider

  Market experts say the debt revelations will not lead the global economy back into recession, but have seriously damaged the Emirate's standing

year 2008 Top ^

Jul.6 UAE to cancel all of Iraq's $7B debt
  Dubai has forgiven the nearly $7 billion Baghdad owes it, Iraqi Prime Minister al-Maliki announced

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