Sunday 20 April 2014

Dubai court dismisses Kuwaiti sheikh's $21m claim

A Dubai court has dismissed a Kuwaiti sheikh's $21.4 million claim against UBS AG in which he alleged the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by Kuwaiti telecom operator Zain.


Limitless target of first tribunal claim

A special tribunal set up by Dubai to handle debt claims against the subsidiaries of Limitless, a Dubai World holding developer, has received its first case, a key filing that may set the tone for other potential claims. A claim was filed


Abu Dhabi fund seeks Citi deal scrapped or $4bn

The Abu Dhabi Investment Authority has filed an arbitration claim against Citigroup, accusing the US lender of misrepresentation over a $7.5 billion investment by the sovereign wealth fund, said a report. The sovereign wealth fund, conside

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