Files three lawsui­ts in London, New York agains­t Saudi Arabia­n, UAE banksDOHA: Qatar said on Monday it has filed three lawsuits in London and New York against Saudi Arabian and UAE banks for allegedly plotting to undermine its currency and bonds. Doha, which has faced an economic and diplomatic boycott by Gulf rivals since June 2017, also filed legal action in London against the Luxembourg-based Banque Havilland. “A lawsuit was filed against Banque Havilland in London for its role in designing a plan to attack Qatar’s currency and its financial markets,” a statement said. Qatar to hire 100,000 Pakistanis“A separate lawsuit was filed in New York against two financial institutions that engaged in financial market manipulation,” the statement said. Doha claimed that the boycotting countries’ actions “were designed to destabilise Qatar’s currency and financial markets in order to undermine confidence in Qatar’s economy.”Read full story

Source: The Express Tribune April 08, 2019 14:48 UTC