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Islamic Finance Briefing - Categorized | Finance, Performance more

Shuaa Capital eyes fee income boost and 2010 profits

Posted on 09 February 2010

From Arabianbusiness.com: UAE’s Shuaa Capital aims to triple its fee income in the next three years, as the investment bank focuses on its domestic market and Saudi Arabia, which it hopes will make the bank profitable again in 2010.

The Dubai based group suffered heavy losses in 2009 as a result of the financial crisis. Its fourth quarter net loss narrowed to $42 million from a $157.20 million loss a year earlier………………………………….Full Article: Source

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