UAE bank deposits $250m to court following ruling

24 August 2010

The National Bank of Umm Al Qaiwain has deposited $250m with a Dubai court following a ruling asking the bank to return the money to Kuwait's Global Investment House (GIH), Reuters has reported. The amount has been deposited pending the result of the appeals in the case, the Abu Dhabi-listed lender said. Last month, the court ruled in Global's favour in the dispute.

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