Saturday 3 December 2016
 
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Shuaa

Shuaa Capital revenues up 42pc in Q3

Shuaa Capital saw total revenues grow to Dh48.7 million ($13.2 million) in the third quarter of the year, a 42 per cent increase on Q3 2015 when total revenues were Dh34.3 million ($9.33 million). Net loss was Dh35.3 million ($9.6

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Centro Shaheen Jeddah works complete

Shuaa Capital Saudi Arabia (SCSA) said the construction and fitting works on its Centro Shaheen Jeddah Hotel has been completed and it is set for hand-over to the Rotana Hotel Management Company to begin operations. Centro Shaheen

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Abu Dhabi group to buy 48pc Shuaa stake

Dubai's Shuaa Capital said on Wednesday that Abu Dhabi Financial Group had reached an agreement to buy the 48.36 percent stake of the investment bank held by Dubai Banking Group. The transaction, for which no value was disclos

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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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