( CNN ) -- Abu Dhabi stepped in to help troubled fellow emirate Dubai and its state-owned holding company , Dubai World , with $ 10 billion in financing on Monday . The announcement by the Dubai Supreme Fiscal Committee comes as $ 4.1 billion in Islamic bonds became due today . `` The remaining funds would also provide for interest expenses and company working capital through April 30 , 2010 - conditioned on the company being successful in negotiating a standstill as previously announced , '' Sheikh Ahmad Bin Saeed Al Maktoum , Chairman of the Dubai Supreme Fiscal Committee said in a statement released Monday . Dubai World shocked investors globally when it asked Nov. 25 for a debt standstill at Dubai World , the government 's flagship holding company , for payments owed on its $ 26 billion in debts . The holding company includes DP World , the shipping magnate , Nakheel , developer of some of the city 's largest projects and investment company Ishitar . Some of its foreign investments include the QE2 cruise liner and Cirque du Soleil . The company asked for a standstill of debts owed until May 30 as it begins restructuring its debt . `` Today the Government of Dubai will announce a comprehensive reorganization law , a framework that is based upon internationally accepted standards for transparency and creditor protection , '' the statement said . `` This law will be available should Dubai World and its subsidiaries be unable to achieve an acceptable restructuring of its remaining obligations . ''
Dubai World stepped in to help troubled fellow emirate Dubai with $ 4.1 billion in financing . Abu Dhabi shocked the financial world when it asked for a $ 4.1 billion freeze on debt payments . The announcement came as $ 4.1 billion in Islamic bonds became due today .