Executives from India’s Bank of Baroda told a UAE court they believed frequent high-value transactions involving accounts connected with the collapsed Abu Dhabi-based NMC Health were “commonplace” and “legitimate”. Bank of Baroda, which is majority owned by the Indian government…
Curated by CityCalc from AGBI. Read the full article at the source.
Related articles
- Dubai is open for business – but not yet business as usual — For a city ludicrously described as a “ghost town” in British media this week, Dubai looks surprisingly busy. Ceasefire has brought a resump
- IEA chief predicts two years for Middle East energy recovery — Oil and gas production in the Middle East will take around two years to reach pre-Iran war levels, the head of the International Energy Agen
- Abu Dhabi, Qatar and Kuwait sell $7bn of bonds privately — Abu Dhabi, Qatar and Kuwait have issued $7 billion of bonds in private placements since the start of the US-Israeli war on Iran, selling dir
- UAE schools to return in person but not all pupils — UAE schools returning to in-house learning next week may find classrooms light on pupils as some parents choose to continue their childrens&
- A Dubai business leader’s crisis plan: buy when others run — The chairman of the Palmon Group conglomerate has been through unsettling times in the Gulf before, but knows how to treat them as an opport