Emirate of Abu Dhabi will provide $ 10 billion to help Dubai World .

Emirate of Abu Dhabi will provide assistance to its neighbor, Abu Dhabi and Dubai, a $ 10 billion, of which $ 4.1 billion goes to payments on the bonds unit investment fund Dubai World, the company Nakheel PJSC. The term of repayment ends today. Dubai is using the remainder of the money to pay creditors and contractors, as well as for the payment of interest until April 30, 2010 "This is a great relief for the market, strengthens the hope that there is implicit support of the Government of Dubai emirate of the corporate sector - said Jason Watts (Jason Watts), an expert from the National Australia Bank Ltd. - While the situation is not yet fully resolved, it is a step in the right direction. In November, the victim of the crisis Dubai World has requested a delay in payment of its $ 26-billion debt in connection with the slowdown in the global market. Total debt of the company amounts to $ 59 billion - roughly three-quarters of all debt of Dubai, which, unlike the neighboring emirates that do not have huge oil reserves. The Government of the emirate has refused to directly allocate money to pay for the obligations of the investment fund.