Watch part twoA huge, last-minute bailout from Abu Dhabi on Monday enabled Dubai to avoid severe financial consequences over its inability to make a promised debt repayment. The bold move encouraged international investors, bolstered stock markets worldwide, and bought Dubai the time it needs to restructure some of its government-linked companies. But creditors are still wary about Dubai's ability to bail out other firms, as more large debts become due in the months ahead.
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