It now appears that Dubai’s debt crisis is finally over, according to the foreign minister of the United Arab Emirates. Abu Dhabi’s $10 billion bailout of its struggling neighbor was proof of national unity, said Sheikh Abdullah Bin Zayed Al Nahayan.

His words come just as Dubai officials conduct a whirlwind world tour to try and reassure the jittery markets that the worst is now over. Sheikh Ahmed bin Saeed Al Maktoum, who is the deputy chairman of the Dubai Executive Council, and Mohammed Ibrahim Al Shaibani, chief executive of the Investment Corporation of Dubai, will be meeting with US Treasury Secretary Timonth Geithner in Washington.

Just last week, they were in London meeting with investors to hammer out any ongoing concerns about the country’s debt, which is conservatively estimated at $80 billion. At one point, it was feared that Dubai may be forced to sell off a lot of its prized assets, like Emirates Airlines, in order to secure the bailout from Abu Dhabi.

The state-owned Dubai World conglomerate’s request for a six month delay on $26 billion of debt repayments rocked the world’s financial markets just last month. Many investors now fear that it could mark the start of yet another global slide into recession.

This big crisis was only halted last week when Abu Dhabi stepped in with $10 billion to cover Dubai World’s immediate debts. Sheikh Mohammed Bin Rashed Al Maktoum, Dubai’s ruler, has just recently issued new laws to provide greater transparency about government-owned companies’ resources and spending. These laws are in place to keep this kind of outbreak from happening again.