Friday 1 August 2014
 
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National Bank of Umm Al Qaiwain

NBQ case against Global referred to new court

National 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

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UAE bank deposits Global's dues to court

Abu 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

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UAE bank to appeal $250m GIH ruling

Abu 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

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NBQ has $12.5m exposure to Saudi groups

UAE 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

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