Financial Times FT.com

Politics and society: Financial crisis alters traditional affiliations

By Simeon Kerr

Published: October 28 2009 16:51 | Last updated: October 28 2009 16:51

The global financial crisis has placed a significant burden on the shoulders of Abu Dhabi, the capital of the United Arab Emirates.

From providing emergency support to the country’s banks with a Dh120bn ($32bn) package and guaranteeing deposits to underwriting the central bank’s bail-out loan to help support Dubai’s crunched economy, the capital became the country’s lender of last resort.

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