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refinance

Sharia Finance Meltdown: UAE stock markets drop, Nakheel seeks debt plans

November 30, 2009

The Age thanks to Dhumme Dubai’s stock market plunged 5.94 percent on Monday as trading opened following an announcement by the Arab emirate that it intends to seek a freeze on debt repayments. Meanwhile, shares in the Securities Exchange of neighbouring Abu Dhabi nosedived 7.4 percent at the start of trading, the bourse website said.

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