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| Version 3 | Version 4 |
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| Dubai stocks drop 6% on new fears | Dubai stocks drop 6% on new fears |
| (10 minutes later) | |
| Shares in Dubai's and Abu Dhabi's main stock markets have dived at least 6% in early trade. | |
| It came after Dubai's property developer, Nakheel, asked for trading of its Islamic bonds to be suspended. | It came after Dubai's property developer, Nakheel, asked for trading of its Islamic bonds to be suspended. |
| Shares are trading for the first time since the state-owned Dubai World asked for an extension on repaying its debts, after a four-day break for Eid. | Shares are trading for the first time since the state-owned Dubai World asked for an extension on repaying its debts, after a four-day break for Eid. |
| The central bank of the United Arab Emirates said on Sunday it would provide banks with extra liquidity. | The central bank of the United Arab Emirates said on Sunday it would provide banks with extra liquidity. |
| Dubai's Financial Market Index tumbled 6.9% to 1,948.83 in the first hour of trading, while shares in the Abu Dhabi Securities Exchange nosedived 7.4%. | |
| Construction and financial stocks slumped nearly 10%. The debt-ridden Dubai World fell 15%. | |
| Bank assistance | |
| On Sunday, the central bank of the United Arab Emirates (UAE) said it would provide banks with extra liquidity. | |
| The liquidity will be available to all UAE banks as well as foreign banks operating in the Emirates. | |
| The bank added that the banking system in the UAE was more sound and liquid than a year ago. | |
| That came after Wednesday's announcement from Dubai World asking for a suspension on its debt repayments, which sent world stock markets tumbling. | |
| Meanwhile, neighbouring Abu Dhabi has said it will "pick and choose" how to assist Dubai. | |
| "We will look at Dubai's commitments and approach them on a case-by-case basis," an Abu Dhabi government official said on Saturday. | |
| "It does not mean that Abu Dhabi will underwrite all of their debts," he added. |