Category: financial

7c01f87f014544308eb7763f23705fd4_18.jpg 0

Qatar asks US to probe financial manipulation by UAE

Qatar’s central bank has asked US regulators to investigate an Emirati bank that Doha accuses of waging “financial warfare” against it. Qatar claims NBAD Americas, the US subsidiary of First Abu Dhabi Bank (FAB), is engaging in “bogus” foreign exchange deals intended to undermine the Qatari riyal and harm its economy. FAB is the largest…