Dubai World “saved” by Abu Dhabi – the government (aka The Emir) has announced it is making $10 Billion available to Dubai World to pay off the $4.1 billion in notes due today. Abu Dhabi is part of the United Arab Emirates, a group of seven kingdoms run by emirs. About 80% of the population of the UAE are foreign workers, mostly male.
Abu Dhabi’s Investment Authority is believed to have (or at least had) $900 billion in assets. The UAE’s water is generated from desalination plants that run on natural gas… uh-oh… burning natural gas causes global warming…
