Barclays, Fidera Seek Payout From Bankrupt UAE Remittances Firm

Bloomberg Markets23 October 2026, 11:36 UTCUnited Arab Emirates

Barclays Plc and London-based hedge fund Fidera Ltd are among dozens of creditors seeking to recover money they say they’re owed by Dubai’s United Arab Emirates Exchange Center LLC — a collapsed remittance provider with an estimated $1 billion hole in its balance sheet.

Read the full story at Bloomberg Markets Open in the live monitor

Related discussion groups

No group discusses this yet. Start a discussion group and attach this story.

More news about United Arab Emirates

Russia, Ukraine and the US set for November peace talksAfricanews23 October 2026, 12:42 UTCUnited Arab EmiratesLeader meetingsTalks between Russia, Ukraine and the United States are planned to resume in November in the United Arab Emirates, Kremlin spokesman Dmitry Peskov said Friday.
Six arrested after Dubai resident loses years of savings in online shopping scamThe National23 October 2026, 12:35 UTCUnited Arab Emirates
Why UAE petrol prices are expected to rise again in NovemberThe National23 October 2026, 12:14 UTCUnited Arab Emirates
UAE art guide: 15 exhibitions to see, from Indian Ocean history at Louvre Abu Dhabi to Paul GuiragossianThe National23 October 2026, 12:09 UTCUnited Arab Emirates
Kremlj otkrio lokaciju mogućih pregovora s Ukrajinom, ovo su europski kandidati za sučeljavanje s PutinomJutarnji list23 October 2026, 12:09 UTCUnited Arab EmiratesGlasnogovornik Kremlja Dmitrij Peskov izjavio je u četvrtak da se Abu Dhabi, glavni grad Ujedinjenih Arapskih Emirata, razmatra kao mjesto održavanja trilateralnog sastanka Rusije, SAD-a i Ukrajine...
Abu Dhabi talks are set to take place in trilateral format — KremlinTASS23 October 2026, 11:04 UTCUnited Arab EmiratesLeader meetingsThe meeting is scheduled for the first half of November, Dmitry Peskov noted
Talks between Russia, Ukraine and U.S. ‘planned’ to resume in November in Abu DhabiThe Hindu23 October 2026, 10:35 UTCUnited Arab EmiratesGovernment leadersRussia indicated its readiness to resume the talks following a meeting in Saint Petersburg between Vladimir Putin and Steve Witkoff
Dubai Fashion Week opens with dazzling couture by Yousef Al Jasmi, Sara Pedram, Pallavi Puri and Kresha BajajThe National23 October 2026, 10:26 UTCUnited Arab Emirates