Tuesday 31 May 2016
 
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Shuaa

Dubai Group selling Shuaa stake, other assets in 2016

Dubai Group is in the process of selling its stake in Shuaa Capital and is also obliged to divest its holdings in EFG Hermes and Bank Muscat this year, the chief executive of Dubai Group's parent firm said on Tuesday. Asked ab

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Shuaa Capital cuts 15pc staff

Dubai investment bank Shuaa Capital has cut about 15 percent of its workforce, sources familiar with the matter told Reuters, ahead of a possible sale of a stake in the company by Dubai Group. Before the lay-offs, which took place

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Dubai solar park project Phase II 'on track'

The second phase of the Dh1.2 billion ($326.6 million) Mohammed bin Rashid Al Maktoum Solar Park, one of the park's current project in Dubai is on track to be operational by April next year, according to a top official.  

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Dubai solar park project Phase II 'on track'

The second phase of the Dh1.2 billion ($326.6 million) Mohammed bin Rashid Al Maktoum Solar Park, one of the park's current project in Dubai is on track to be operational by April next year, according to a top official.  

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Shuaa's Saudi hotel projects nearing completion

Leading UAE investment bank Shuaa Capital said two of its principle hotel projects in Saudi Arabia - the Centro Shaheen by Rotana hotel in Jeddah and the Centro Waha by Rotana hotel in Riyadh - are nearing completion. The handover

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Shuaa's Saudi hotel projects nearing completion

Leading UAE investment bank Shuaa Capital said two of its principle hotel projects in Saudi Arabia - the Centro Shaheen by Rotana hotel in Jeddah and the Centro Waha by Rotana hotel in Riyadh - are nearing completion. The handover

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Shuaa Capital sees drastic drop in H1 net profit

Dubai-based Shuaa Capital saw a drastic decline in half yearly net profit, recording Dh100,000 ($27,225) as opposed to Dh14.4 million ($3.9 million) for the first half 2014. However, second quarter revenues climbed to Dh59.7 million ($1

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Shuaa unit to raise $163m syndicated loan

Gulf Finance Corporation, a wholly owned unit of Dubai's Shuaa Capital, plans to raise up to Dh600 million ($163 million) in syndicated loans this year, its chief executive said on Tuesday. The company will tap the loan market

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Cayan, Shuaa seal Dubai mixed-use project deal

Cayan Group, a leading real estate investment group, has joined hands with investment firm Shuaa Capital to set up a real estate development fund which will be used for the construction of a Dh1 billion ($272 million) residential and  hotel

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Shuaa unit eyes Saudi leasing market

Gulf Finance Corp, a wholly owned subsidiary of Dubai's Shuaa Capital, has obtaining a new operating licence from Saudi Arabian Monetary Agency (Sama) and will offer sharia-compliant leasing products in the kingdom. The licenc

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