UAE bank rejects Qatar allegations


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

Coming Up on Dubai Eye

  • The Agenda with Tom Urquhart

    10:00am - 1:00pm

    Your chance to have your say and debate the issues you love or loathe. It’s the chance to set The Agenda on the big topics of the day.

  • The Music Mix

    1:00pm - 2:00pm

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

On Dubai Eye