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Shuaa to expand credit finance unit into Saudi Arabia

Unit is "only business that makes money"; Shuaa does not expect major writedowns in 2012; Plans to lay off another 70 staff

January 11, 2012 11:20

UAE’s Arqaam Capital buys Egyptian Brokerage El Rashad

Arqaam Capital, a Dubai-based regional investment bank, has acquired Egyptian brokerage firm El Rashad Securities, tapping into low valuations and growth prospects in the politically unstable North African country.

January 8, 2012 3:53

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

Shuaa Capital looking at potential acquisitions

Shuaa aiming to complete one or more deals by year-end; Firm to use 'strong balance sheet' to invest in growth; Broker revenue shrinking in home market

September 15, 2011 10:34
Shuaa is feeling lucky

Shuaa is feeling lucky

Investment bank bets on growth as economic wheel continues to spin.

January 10, 2011 2:01
UAE banking: Can it ever rival European centers?

UAE banking: Can it ever rival European centers?

Private banking hubs are flourishing in the region, attracting money from all over the world. Is this a window of opportunity for the UAE to become a global banking center?

May 18, 2010 10:53

Saudi’s economy to grow 3.2 percent in 2010

A sustained global recovery and the associated higher oil prices will help the Kingdom grow, says a report by Shuaa Capital.

March 2, 2010 4:33

Shuaa issues 515 million shares to Dubai Banking Group

The shares represent …

August 29, 2009 7:22