12.05.2009 - Shuaa books losses on investments
From Gulfnews.com: Dubai-based investment bank Shuaa Capital posted a net loss of Dh197.9 million ($53.88 million) in the first quarter as it booked losses on investments. "Despite significant efforts to enhance profitability through cost-cutting measures, and focus on growing our fee businesses, book losses from investments still overshadowed the overall results," the company said in a statement.......Full Article: Source