UAE bank rejects Qatar allegations

WAM

A UAE bank has rejected allegations by the Qatar Financial Centre Regulatory Authority (QFCRA) that its branch in Doha had failed to provide appropriate financial disclosures.

According to the national news agency WAM, Abu Dhabi's First Abu Dhabi Bank (FAB) said it's no coincidence that the actions of the QFCRA come at a time that the UAE and several other countries have ended their diplomatic relations with Qatar.

FAB said it conducts its business in accordance with the highest professional standards and in full compliance with the laws and regulations.

Although the QFCRA’s allegations are false, FAB made good faith efforts to engage with the QFCRA to resolve the matter.

More from Business News

INSTAGRAM

Blogs

  • Review of The Roost Rotisserie

    RESTAURANT REVIEW

    Radioactive Restaurant Review at The Roost Rotisserie

  • Most Instagrammable Cafe In Dubai!

    Tips, Trips & Tricks

    Most Instagrammable Cafe In DubaI!

  • Can you travel to Cochin?

    ഫസ്‌ലു വിശദീകരിക്കുന്നു!

    കൊച്ചിൻ എയർപോർട്ട് അടുത്ത നാല് മാസത്തേക്ക് പകൽ സമയത്ത് അടച്ചിടുമ്പോൾ എന്തായിരിക്കും അവസ്ഥ? അങ്ങോട്ട് യാത്ര ചെയ്യാമോ? ഹിറ്റ് 967 റേഡിയോയിലെ ഫസ്‌ലു വിശദീകരിക്കുന്നു.