VOL. XXXII
NO. 5
7-NOVEMBER-1988
Financial and Banking News
LOANS AND ISSUES
Dubai Court Orders AREG to Settle UBME Debt in Full
What could be the final chapter in the long drawn-out proceedings between theDubai-based trading group A.R.E. Galadari Brothers (AREG) and its creditors wasclosed on 28 October when the Dubai Court of Appeal ordered AREG to settle itsoutstanding Dh401mn ($110mn) debt to the Union Bank of the Middle East (UBME) infull. The debt in question was contracted between AREG and...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!