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Abu Dhabi lends Dubai $10B. It will use $4.1B to repay Nakheel's Islamic bond maturing today,...

Dec. 14, 2009 12:36 AM ETBy: Eli Hoffmann, SA News Editor1 Comment
Abu Dhabi lends Dubai $10B. It will use $4.1B to repay Nakheel's Islamic bond maturing today, and the rest to finance Dubai World's obligations through the end of April. Says it will announce today "a comprehensive reorganization law... that is based upon internationally accepted standards for transparency and creditor protection."

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