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Oil-rich Abu Dhabi and the UAE central bank agreed Sunday to extend the period of loans worth $20 billion accorded neighbouring Dubai when it was hit by the 2009 global financial crisis. The government of Abu Dhabi agreed to roll over a loan of $10 billion for a renewable five years, WAM state news agency said. The Abu Dhabi-based central bank of the UAE federation at the same time renewed subscription to Dubai bonds worth $10 billion for five years, it said. The loans, that were due this year, will have an interest rate of one percent, WAM said.
BELGRADE, Serbia (AP) — Serbs voted in an election on Sunday that could give a clear parliamentary majority to a center-right party that has vowed to overhaul the nation's struggling economy and push for membership in the European Union.