Qatar sues Luxembourg, UAE, Saudi banks in FX manipulation case - Reuters:
Qatar filed lawsuits on Monday against three banks, accusing them of causing billions of dollars of damage to its economy by what it called overseas currency manipulation in the wake of an Arab boycott against Qatar in 2017.
The cases, filed in London and New York, name Luxembourg-based Banque Havilland, the United Arab Emirates’ First Abu Dhabi Bank (FAB) and Saudi Arabia’s Samba Bank, according to filings seen by Reuters and a statement from Qatar’s government communications office.
First Abu Dhabi Bank declined to comment, while Banque Havilland and Samba Bank did not immediately respond to requests for comment.
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