Abu Dhabi bank denies dirty tricks against Qatari currency


Issue 1056 - 22 Mar 2018 | 1 minute read

First Abu Dhabi Bank (FAB), the UAE’s largest bank, has denied any attempt to manipulate the value of the Qatari riyal, following reports that Central Bank of Qatar (CBQ) had written to the United States Treasury and the US Commodity Futures Trading Commission asking them to investigate possible manipulation by NBAD Americas, FAB’s US subsidiary. The dispute adds another facet to the nine-month stand-off between Doha and the GCC-3 of Bahrain, Saudi Arabia and UAE.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News