After the announcement of Dubai's financial crisis, Reuters is reporting that Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbor Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling.
Dubai's crisis exploded on Wednesday when the emirate, known for flashy lifestyles and building the world's tallest building, said it would delay payment on debt issued by one of its flagship firms, angering investors and sending global markets sharply lower.
Jake Tapper Suffers Self-Inflicted Injury As Ratings Take A Beating
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CNN host Jake Tapper had his lowest-rated month in nearly a decade in May
despite a publicity tour and even apologizing to Lara Trump. Tapper's book
abou...
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