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U.A.E. Pledge Is Little Comfort to Dubai

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"The United Arab Emirates central bank said Sunday it would make fresh funding available to local banks if needed, but didn't offer specific support to Dubai, raising worries of a rift between the struggling city-state and the U.A.E.'s federal government," the Wall Street Journal reported. "

"The central bank said it "stands behind" U.A.E. banks and would make available funds to local institutions, including local subsidiaries of foreign banks. But the statement pointedly didn't mention Dubai, disappointing many market observers."