United Arab Emirates stock markets rose Monday, after Dubai World announced a debt restructuring deal with creditor banks that analysts say is positive although uncertainty over Dubai's debt remains.
Dubai World announced on Friday that 99 percent of its creditor banks have agreed to its proposal to restructure some 24.9 billion dollars of debt.
The Dubai Financial Market rose 2.43 percent to close at 1,630.85 points, while the Abu Dhabi Securities Exchange gained 1.38 percent to close at 2,566.56 points on Monday, the first day of trading since the announcement.
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