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NBQ case against Global referred to new courtNational Bank of Umm Al Qaiwain (NBQ) said on Tuesday the Dubai court of cessation has referred back the Abu Dhabi-listed lender's case against Kuwait's Global Investment House to the court of appeals. 'The court ruled the prev More… |
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UAE bank deposits Global's dues to courtAbu Dhabi-listed National Bank of Umm Al Qaiwain on Monday said it has deposited $250 million with a Dubai court after a ruling asking the bank to return the money to Kuwait's Global Investment House. The bank said in a statement to Abu Dh More… |
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UAE bank to appeal $250m GIH rulingAbu Dhabi-listed National Bank of Umm Al Qaiwain is to appeal against a Dubai court decision ordering it to pay $250 million to Kuwait's Global Investment House (GIH). Global said on Monday that the court decision had gone in its favour ov More… |
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NBQ has $12.5m exposure to Saudi groupsUAE lender National Bank of Umm Al Qaiwain (NBQ) said on Thursday its net exposure to two debt-laden Saudi groups amounted to $12.5 million, and it had already taken more provisions than the central bank required. The Abu Dhabi Securities More… |
