SHUAA Capital - UAE

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Recent Articles

• Shuaa Capital wins approval for shares buyback20 November 2008

  Dubai-listed investment bank will buy back 10% of shares after weeks of market declines.

• Shuaa Capital shares suspended2 November 2008

  Dubai bourse suspends trading in UAE's largest investment bank over lack of disclosure in bond issue.

• Shuaa CEO blames short-selling for market woes19 October 2008

  Duwaji says shorting by offshore investors responsible for financial turbulence in Gulf.

• Shuaa Capital hit by global fallout, reports H1 loss17 October 2008

  Dubai investment bank announces loss of $101mn, blames slowdown, Lehman.

• 70% 'are being priced out of Dubai property market'30 September 2008

  EXCLUSIVE: Price correction could be made worse by lack of affordable housing.

• Dubai Holding unit to take 32% stake in troubled Shuaa28 September 2008

  Dubai Banking Group to convert $408mn worth of bonds on Oct. 31, as planned. 

• Global uncertainty hits Gulf markets25 September 2008

  Anxiety over proposed $700bn bailout in US leaves most Arab exchanges down for day.

• Shuaa shares rebound after 'black Wednesday'25 September 2008

  Early trading sees Shuaa Capital rise 2.5%, after previous day's 11.4% fall.

• Shuaa Capital sanctioned for market manipulation24 September 2008

  Dubai regulator fines Shuaa $950,000 for DP World share inflation, blocking investigation.

• Shuaa raises $240mn for Saudi hospitality fund25 August 2008

  Shuaa Capital Saudi Arabia says closed Sharia-compliant Saudi Hospitality Fund I.

• Shuaa posts 10% fall in net profit5 August 2008

  UAE's largest investment bank says it is happy with result achieved in difficult market conditions.

• Shuaa Securities to deploy video-conferencing30 June 2008

  Brokerage firm Shuaa Securities is set to deploy video conferencing systems and wireless touch-panel interfaces in its latest Corniche Abu Dhabi branch.

• Shuaa shareholders back Kuwait delisting17 June 2008

  Proposal to treat GCC nationals as UAE nationals in relation to owning shares also approved.

• Emaar undervalued says Shuaa chief12 June 2008

  INTERVIEW: Shuaa Capital CEO Iyad Duwaji says investors sour on Emaar for 'sentimental reasons'.

• Shuaa eyes Kuwait expansion9 June 2008

  INTERVIEW: UAE's biggest investment firm sees tremendous potential in Gulf state, CEO says.

• Shuaa turns back on Kuwait bourse26 May 2008

  UAE's biggest investment bank proposes moving shares listed in Kuwait to Dubai to boost liquidity.

• Shuaa sees profit halved as markets decline17 May 2008

  Investment bank posts Q4 net income of $14.46mn, says markets 'challenging'.

• Increased lending boosts Dubai Islamic profit29 April 2008

  Bank sees Q1 profit rises 31% to $151.4mn, helped by lending to UAE's realty sector.

• Outlook remains rosy for DFM19 February 2008

  Shuaa Capital maintains short- and long-term optimism for Dubai Financial Market citing 77% profit surge in '07.

• DP World share price hit by global market concerns20 January 2008

  DP World share price at $1.08, three months after listing on DIFX at $1.30.

• Shuaa Capital in Syria bank talks11 December 2007

  Dubai-based investment bank in talks with UAE firms about setting up new bank in Syria venture.

• Shuaa $40mn Saudi brokerage given green light25 November 2007

  Dubai-based investment bank wins approval to set up Shuaa Capital Saudi Arabia.

• Shuaa gets nod for more foreign ownership16 October 2007

  Foreigners can now own up to 49% of the UAE investment bank's stock.

• Shuaa denies Ahli bid report25 August 2007

  Dubai investment bank denies it is part of group in talks to buy majority stake in Bahrain's Ahli United.

• Dubai Banking to buy into Shuaa Capital25 June 2007

  The state-controlled group will buy a 32% stake in a convertible bonds deal.