Long live free and united Balochistan

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Abu Dhabi gives Dubai $10 bln in surprise bailout


DUBAI (Agencies)

Abu Dhabi stepped in to help fellow United Arab Emirates member Dubai with a $10 billion injection, of which $4.1 billion was allocated to troubled state-owned conglomerate Dubai World to pay immediate obligations, Dubai said on Monday, as the UAE central bank said it would support local banks. The move was the...More

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