Dubai Exchange Nosedives As Trading Resumes (ap)

A foreign labourer pictured at the construction site of Dubai's Business Bay on November 27. The United Arab Emirates central bank has pumped more liquidity into its banking sector amid fears that local stock markets may plunge after debt-laden Dubai asked to suspend debt payments.(AFP/File/Karim Sahib)AP – Dubai’s main stock exchange dropped more than 7 percent and Abu Dhabi markets slid more than 8 percent on the first day of trading since officials went public with the city-state’s huge debt crisis.

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