A look at some of the holdings of Dubai World, which is seeking a six-month delay in payments on some of the $60 billion it owes.

Stocks rallied at the beginning of the week, then sold off on Dubai worries Friday, leaving the Dow within 10 points of where it started the week.

The loan exposure of the top 10 foreign banks to the UAE at the end of 2008.

Stocks pared their losses Friday, after a sharp drop at the open amid worries about Dubai defaulting on its debt.

The fact that Dubai has been struggling under huge debts is not a surprise to anyone who has followed the Emirate’s economy over the last 10 years.

Banks outside the Gulf played down on Friday their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.

U.S. stock index futures pointed to a sharply lower open for a holiday-shortened session Friday, mirroring losses in European and Asian markets after Dubai announced the first step of restructuring some of its debt.

Rising bank stocks led a broad rebound in European shares on Friday from the steep fall in the previous session triggered by concerns over Dubai's debt.

Middle East tension is driving demand for military hardware at the Dubai Air Show which opened on Sunday, but recession means fewer orders for civilian jets.

The unit of the government-owned Dubai World conglomerate is said to have frozen its investment activity and laid off about 20 percent of its staff, reports The New York Times.

With a September deadline from the White House on Iran's nuclear program only weeks away, it remains unclear whether the United States can impose sanctions against the Islamic state in the face of possible opposition from Iran's economic allies.

The Mideast investment fund with the biggest stake in Mercedes-Benz' parent is paying about $280 million to buy nearly a third of commercial space travel startup Virgin Galactic.

"The idea is to get to common ground," said Monica, an Egyptian teenager. "Even if you don't agree, what you have to accept about the other opinion is that it exists."

"This is a momentous occasion in Iran, but everyone (in the oil market) is watching the dollar," one trader said.

Day two of the Paris air show and Monday's terrible weather seems to have lifted. The question is has it lifted the mood of those here at Le Bourget?