The emirate of Abu-Dhabi provided a USD 10 billion loan to the emirate of Dubai, to save a state-run fund Dubai World from a debt crisis. The last-minute bailout will allow Nakheel PJSC, the property division of Dubai World, to pay USD 4.1 billion due on 14 December to bondholders. The remainder of the funds provided by Abu Dhabi will be used to repay debts due in April 2010 as well as for corporate aims.

After two years of delays, Boeing Co.’s 787 Dreamliner successfully completed a maiden flight in the US. Now the Dreamliner have to undergo at least nine months of testing before the jet can enter service. More than USD 10 million invested into the technical project; more than 840 worldwide orders received, although some of them were cancelled due to delays in production. The showing impressed a vice president of All Nippon Airways Co., the Japanese carrier, which will be the first to receive the Dreamliner.

According to the Office for National Statistics, claims for unemployment benefits dropped 6000 in November after 12900 increase in the previous month. Analysts forecasted 13800 more claims. Unemployment rate declined from 5.1% to 5.0% in the reporting period.

The US Federal Reserve System held its benchmark interest rate steady at 0.0-0.25% per annum. FED also repeated the pledge to keep rates at exceptionally low levels for an extended period irrespective of optimistic assessment of the American economy and abating deterioration in the labour market. The FED release also mentions improvements the housing market and decrease of unemployment in November.

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