QFCRA files legal action in New York to enforce judgment against First Abu Dhabi Bank

QFCRA files legal action in New York to enforce judgment against First Abu Dhabi Bank

The Qatar Financial Centre Regulatory Authority (QFCRA) announced Tuesday that it has commenced legal proceedings in New York to compel First Abu Dhabi Bank (FAB) to pay a court ordered judgment debt in the amount of QAR 200,000,000 (USD 55 million)

QFCRA closes First Abu Dhabi Bank to new customers

QFCRA closes First Abu Dhabi Bank to new customers

First Abu Dhabi Bank, an authorised firm within the Qatar Financial Centre, is prohibited from carrying out “any regulated activities” for new customers

Qatar asks US to probe UAE bank for 'financial warfare'

Qatar asks US to probe UAE bank for 'financial warfare'

Qatar has asked US regulators to investigate the American subsidiary of the largest bank in the United Arab Emirates, accusing it of "bogus" foreign exchange deals designed to harm its economy as part of a blockade by Gulf neighbours.

Divers find ancient Roman cargo from 1,600-yr old shipwreck in Israel

Divers find ancient Roman cargo from 1,600-yr old shipwreck in Israel

Archaeologists in Israel have recovered bronze statues and thousands of coins from a merchant ship that sank off the Mediterranean coast some 1,600 years ago during the late Roman period.