I would like to thank His Highness Shaikh Saud Bin Rashid Al Mualla, Member of the Supreme Council and Ruler of Umm Al Quwain, NBQ
Bank, XSport Motorsport, Gulf Sport Racing and all my friends and family, without whom none of this would be possible.
In June, NBQ
said a Dubai court halted a decision asking it to pay $250 million to Global pending a September hearing.
The case arose over a US$ 250 million deposit made by Global with NBQ
in August 2008 against a National Bank convertible bond issue.
Abu Dhabi-listed NBQ
, which is 30pc owned by the government of Umm Al Quwain, said it was aiming to double its capital to 1.
captains are assigned from the CCC to major Army commands (MACOMs) based on the unit readiness of subordinate units, the number of officers required by the Officer Distribution Plan (ODP), and when the officer can report to the command.
The court issued its decision to stop executing the sentence until a hearing about the appeal coming from NBQ
that will take place on Tuesday, September 20," the lender said in a bourse statement on Wednesday.
said that it had made provisions for about 60 per cent of its exposure.
Net profit for the first nine months of the year for NBQ
was AED 286.
maintained strong liquidity and advances to deposits ratios of 30.