By MARIA ABI HABIB And MIRNA SLEIMAN
DUBAI--The leadership of the United Arab Emirates tried Tuesday to steady the nerves of investors after concerns over Dubai's debt crisis sent stock markets across the Gulf sharply lower for a second day.
In a public statement, Dubai's ruler stressed federal unity across the U.A.E. amid concern that oil-rich Abu Dhabi will remain on the sidelines as it struggles to restructure the debts of its government-owned companies.
The country is working on "enhancing integration between the federal and local frameworks," said Sheik Mohammed bin Rashid Al Maktoum, who is also Prime Minister of the U.A.E.
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