Dubai receives a $10bn bailout from Abu Dhabi

The crisis has hit all the world, even the normally multimillionaire grabs had to be bailout with 10 billion $ from Abu Dhabi, which helped the shares in the Gulf Region went up this morning.

Comment:

I can't understand a lot about these, but also I can put ideas forward.

I think it’s ok to level the world financials with economic injections, but I have complex questions:

-From where comes this money?

- If I can understand where this money comes from, can I understand who is going to benefit this money? And once they have benefited this money, how are they going to pay back?

And another question which I want to highlight:

IF THEY CAN’T PAY IT, WHAT WILL HAPPEN?

In my opinion, I think this project in the Gulf is coming to a ruin for the amirates and also for the global economy. And not only this project, also all the luxurious building projects which they are carrying out, as well as the huge projects which they don’t profit from or they, at the moment, can’t afford to pay the huge mortgages. However, Dubai is one of the strongest vibrant global financial centres. And they are confident that in years to come they will be back to be one of the wealthiest parts of the world.