Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: First part of the crisis averted...

First part of the crisis averted...

posted on Dec 14, 2009 12:39AM

Dubai's government has announced it has been given a $10bn (£6.13bn) handout from United Arab Emirates neighbor Abu Dhabi to help it pay off its debts.

The money will be used to help the country meet its short-term financial commitments. It will use $4.1bn (£2.5bn) of the handout to pay investors in an Islamic bond due to mature on Monday. Dubai was badly hit by the global economic downturn and falling real estate prices.

I wonder how many more of these 'small injections' will be needed to avert the major problems that are looming...

Share
New Message
Please login to post a reply