What Do You Mean You Didn't Know Your Allowance Was a Loan All These Years?

Marla Singer's picture

They want to be paid back?  Who knew? Reuters sez:

Abu Dhabi's $10 billion financial aid to fellow United Arab Emirates member Dubai to meet debt obligations was in the form of bonds, the UAE foreign minister said in remarks to the Jordanian state news agency.


"The aid did not come late and was in the form of bonds," Sheikh Abdullah bin Zayed al-Nahayan told the agency, Petra, on the sidelines of a Gulf Arab summit in Kuwait on Tuesday. "They are debt instruments that would be paid back and carry interest just like loans.

So, we are thinking this doesn't actually solve Dubai's debt problem.  And, what is this "interest" stuff?  That's not very pious.