U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai’s debt woes will be contained.

The dollar came under pressure Monday as investors assessed the fallout from the Dubai debt crisis and digested lackluster results from the US “Black Friday” holiday shopping kickoff.

The debt crisis could be a way for Abu Dhabi to demand greater control over Dubai, and perhaps over all the members of the emirates federation.

As the financial markets reopened in Dubai on Monday after several days of uncertainty over the emirate’s debt crisis, many were expecting a reassuring statement from the federal government in Abu Dhabi, trusting that the United Arab Emirates would be eager to stem further fears in markets around the world, The New York Times’s Robert F. Worth, Heather Timmons and Landon Thomas Jr. report.

The debt crisis in Dubai is about to test one of the fastest-growing areas in banking — Islamic finance — and put the emirate’s own opaque judicial system on trial, according to bankers and experts in finance, The New York Times’s Heather Timmons reports.

The president of Emirates airline said the Dubai business community was “sho-cked” by the debt crisis, according to a newspaper interview yesterday. “We are all a bit shocked by what’s happened and the global fall-out of the past 24 …

A man walks at the construction site of Dubai’s Business Bay in the Gulf emirate on November 29, 2009. (Karim Sahib/AFP/Getty Images). DUBAI, United Arab Emirates—It may be home to the world’s tallest building, the largest man-made … The announcement comes after the UAE Central Bank said on Sunday that it would provide…

Leading shares closed lower on Monday amid worries about the global banking sector’s exposure to Dubai.

The news last week of Dubai’s faltering finances sent shudders throughout the world, though the impact was perhaps most felt in London. Analysts have estimated that British banks like HSBC , Standard Chartered and Barclays have some of the biggest exposures to the financially strapped emirate, bankrolling many of its grandiose projects like artificial palm-shaped islands and the world’s tallest …

Stocks were little changed early Monday as investors weighed concern about fallout from Dubai’s debt crisis against improving signs from U.S. consumers.

The safe-haven dollar mostly slipped Monday morning, with the euro rising back over $1.50, but managed to hold above 14-year yen lows as investors held their breaths on the Dubai debt crisis.

The United Arab Emirates pledged to lend money to Dubai banks in an attempt to head off the kind of crisis of confidence that froze credit markets last year.

Dubai’s government said on Monday it was not responsible for the debts of its flagship conglomerate, offering little clarity on a plan to delay billions in debt repayments that has rattled world markets.

Stock markets in Dubai and neighbouring Abu Dhabi closed sharply lower on Monday, shedding 7.3 percent and 8.3 percent respectively, hit by a lack of buyers after Dubai World’s shock proposal to suspend debt payments.

Stocks are trading slightly lower as investors weigh concern about fallout from Dubai’s debt crisis against improving signs from U.S. consumers.

The Dubai government disclaimed responsibility for the debts of Dubai World on Monday, dealing a blow to creditors’ assumptions that the Arab emirate would guarantee the conglomerate’s liabilities.