Financial and Banking News
Abu Dhabi and the US Authorities Agree to Cooperate on BCCI
The agreement was concluded in Geneva over the weekend of 8-9 January andinvolves the following points:
- A $1.5bn civil suit launched against the ruler of Abu Dhabi, Shaikh Zayidibn Sultan Al Nuhayyan, and others by the trustees of First American Bankshares(FAB) will be dropped. US prosecutors have also agreed not to pursue andcriminal charges against Shaikh Zayid or any...