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investment bank

Naguib Sawiris

Qatar play for EFG Hermes stokes backlash in Egypt

The Gulf emirate's play for key assets of the region's preeminent investment bank has prompted a rival consortium, notably backed by billionaire Naguib Sawiris, to declare an interest in buying it outright. The Qatari deal was approved last week by shareholders, but in the current volatile situation anything can happen.

June 6, 2012 7:12
 

UAE’s Al Mal Capital shuts Saudi office

United Arab Emirates investment bank Al Mal Capital has shut down its Saudi office following a winding down of its…

January 8, 2012 3:55
 

Dubai’s Shuaa to lay-off 29 in first phase of job cuts

Shuaa Capital will lay-off 29 of its employees in the first phase of a planned redundancy program aimed at boosting profitability at the struggling Dubai-based investment bank, it said on Sunday.

December 4, 2011 9:51
 

Dubai’s Shuaa plans more job cuts after Q3 loss

Shuaa Capital, the Dubai-based investment bank struggling to boost revenues, plans "significant" job cuts as part of the second phase of the cost savings program it launched this year.

November 20, 2011 11:25
 

UAE’s Al Mal Capital cuts staff as trading slumps

UAE investment bank Al Mal Capital has reduced workforce by about 85 percent since 2009, as low trading volumes in the region impact brokerage operations, four sources familiar with the firm said.

November 2, 2011 12:18
 

Incriminating emails obtained in Goldman Sachs case

US Senate considers charges that Goldman Sachs profited on client losses during housing market collapse.

April 27, 2010 8:50
 
Shuaa Capital CEO resigns

Shuaa Capital CEO resigns

Iyad Duwaji has been heading the company for...

August 12, 2009 4:23