Tuesday 08, June 2010 by

Dubai Islamic Bank acknowledges Bahrain legal dispute

Dubai Islamic Bank has responded to media reports concerning a legal dispute with three Bahrain-based bankers which have alleged that the bank owes them $651 million. Ryan Cornelius, Erin Nil and Arthur Fitzwilliam are engaged with a legal battle with the Dubai lender which alleges that they defrauded it of $501 million.

Features & Analyses

Economics IMF updates on Iraq economy

Recent macroeconomic developments have been broadly positive in Iraq. Economic growth in Iraq reached 8.4 per cent in 2012 and… read more