ArabianBusiness.com - Middle East Business News
Thursday, 09 May 2024 13:44 UAE time

YOUR DIRECTORY /

SHUAA Capital - UAE

Main Category: Asset Management
First Address : 31045
Second Address : Level 28, Emirates Towers, Sheikh Zayed Road
City : Dubai
Country : United Arab Emirates
Phone: 971 4 3303600
Fax: 971 4 3303550
Email: info@shuaacapital.com
Website: www.shuaacapital.com


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ALL STORIES LIST


Former Shuaa Securities chief joins Abu Dhabi firm

Mohammed Ali Yasin will start with CAPM Investment on September 15.

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Saudi index makes largest decline in seven weeks

UPDATE 4: Bourse tracks stuttering world markets and oil price.

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Shuaa Capital makes $10m loss in H1 2010

'Extremely hostile market conditions' led to declines, see pick-up in Q4 - CEO.

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Dubai brokerages shut as trading falls to 4yr low

Number of brokerages in the country may drop to 55 from 81, Shuaa Securities said.

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UAE banks may need more government funds – report

Shuaa Capital's UAE bank stress test shows lending to private sector is still low.

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Battling for business

After spending $20bn on Dubai's rescue package, Abu Dhabi is having to accept the financial crisis is catching up.

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UAE's first IPO delayed over weak market - source

Banking source says Shuaa IPO will not take place before the fourth quarter.

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New Shuaa Securities chief targets growth

Walid Shihabi to start in Sept; says 'tremendous avenues for growth' available to finance firm.

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Dubai's Shuaa Securities chief exec resigns - sources

Mohammed Ali Yasin to remain in his current position till a replacement is found.

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Investor confidence falls in May, but remains positive

UAE and Qatar see significant declines in latest GCC research from Shuaa Capital.

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Founder Sameer Al Ansari quits DIC

Dubai Int'l Capital's non-executive chairman and former CEO resigns to focus on role at Shuaa Capital.

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Tight lending seen pushing Gulf family firms to IPO

Companies come from the healthcare, retail, manufacturing and oil services sectors.

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UAE markets put on alert for potential June IPO

Shuaa CEO says there is a pipeline of 300 firms waiting to go public.

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Dubai's Shuaa sells $56.7m stake in Kuwaiti firm

Other investments that may be disposed include desalination firm Septech and Qatar's Amwal.

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GCC investor confidence drops in April - Shuaa

Latest research shows 7.7 point drop in sentiment index, driven by Saudi Arabia, Oman.

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Shuaa to sell stake in Kuwaiti firm, boost liquidity

Firm may also look to dispose of invesments like UAE's Septech and Qatar's Amwal.

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Shuaa Capital posts $5.3m Q1 net profit

Investment bank swings into profit with first results of 2010, following heavy losses in 2009.

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Dubai World plan boosts UAE investor confidence – Shuaa

Investment bank index reveals sentiment in all GCC markets is now positive.

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Shuaa hospitality fund eyes Saudi acquisitions

Fund also considering launching a logistics fund in the autumn according to CEO.

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Shuaa to reduce investments and focus on fees

CEO says current share price 'undervalued', plans to rejuvenate it with new focus.

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Shuaa's Saudi unit buys $130m hotel land

Fund tapping hotel market, will build luxury project in Jeddah worth $133.3m.

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Deutsche Bank cuts Arabtec to 'hold' from 'buy'

Bank concerned about contractor's weak backlog and ability to navigate slump.

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GCC investor confidence down for 2nd month in a row

Investor confidence hit by Dubai World uncertainty; faith in real estate sector low.

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Shuaa Capital eyes fee income boost and 2010 profits

Dubai based group suffered heavy losses in 2009 due to financial crisis.

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Dubai's Shuaa Capital Q4 net loss $42m

Inv't bank reports net loss of AED529.8m for 2009 vs AED889.6m in 2008.

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Gulf investor confidence dropped in Jan - report

Saudi Arabia only index with a positive rise in sentiment, Dubai index sees 11% drop.

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Dubai economy seen contracting in 2010

UPDATE 1; Shuaa Capital says population fell by 9% in 2009, further 3.6% decline to come.

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Investor confidence picking up after Dubai debt woes

Quick recovery made by the UAE Index indicates resilience of the market - Shuaa.

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Eid sales see surge in consumer confidence

High end retailers still affected by diownturn, though value retailers see improvements.

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Doubts over pace of Mideast private equity recovery

Shuaa CEO says boost will come from gov't spending on transport and infrastructure.

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Shuaa Capital posts $73.2m Q3 loss

Dubai financial services firm chief says it has hired consultancy to help restructuring, form new strategy.

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GCC investor confidence rises for third straight month

Shuaa Capital indicator sees rebound in sentiment in real estate, construction.

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Investor confidence in GCC rises in Sept - Shuaa

Regional sentiment report shows improvement for second month running.

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GCC investor confidence rises in August - Shuaa

UAE and Qatar drive rise in sentiment about region's economies, stock markets.

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Shuaa confirms Al Ansari as new CEO

UAE investment bank says new chief exec will retain senior role with Dubai International Capital.

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Shuaa asks Dubai market to issue Dubai Banking shares

Financial firm implements an agreement to resolve a long-running bond dispute.

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Shuaa Capital CEO set to step down

Iyad Duwaji set to resign for 'personal reasons' after 20 years at helm of investment bank.

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Global Investment House slumps to $101m Q2 loss

UPDATE 1: Kuwait firm misses analyst forecast that had been looking for a profit.

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Shuaa Capital posts 37% rise in Q2 profit

Troubled regional investment bank says it has turned the corner after three tough quarters.

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UAE leads GCC drop in investor confidence - Shuaa

Hopes of a swift rebound in business sentiment are dashed with index's decline.

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Dubai market posts biggest 1-day gain since Feb

Stocks boosted by rising oil prices and better-than-expected corporate earnings.

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UAE property firms' Q2's seen hit by lower sales

Emaar Properties forecast to buck overall trend, however, says Shuaa Capital.

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Lower prices hit Safco Q2 net profit

UPDATE 2: Investors mark Saudi Fertilizers higher as divi payout exceeds earnings per share.

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Shuaa files claim against OHO over $31.5m loss

Dubai investment bank confirms legal claim against Orion Holdings Overseas.

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More than 60% think UAE property prices will fall further - poll

Online survey found just 5% think the real estate market has already hit the bottom.

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Saudi Almarai, Hadco agree on takeover terms

UPDATE 2: Deal provides Almarai entry into the lucrative Saudi poultry business.

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Investors fear UAE property market has yet to hit bottom

New investor confidence survey reveals only 19% believe recovery is beginning.

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Shuaa's $408m bond dispute 'resolved'

Investment bank statement saying Shuaa Capital will issue 515m shares to Dubai Banking Group.

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Shuaa hits back against DBG in bond row

Shuaa Capital rejects claims by DBG over disputed $409m bond deal.

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Dubai Banking Group begins Shuaa case

DBG announces it has initiated legal proceedings against investment bank over bond dispute.

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Moody’s downgrades Shuua Capital

Ratings agency cites ongoing dispute between Shuua and Dubai Group over debt-equity swap.

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Shuaa claims bond row now a legal matter

Investment bank tells UAE bourse regulator not to intervene in $409m dispute.

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Qatar suffers biggest one-day loss since March

UPDATE 8: Mixed fortunes for UAE markets as Dubai falls but Abu Dhabi rises.

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Dubai Banking opts not to accept Shuaa shares

UPDATE 1: Shuaa Capital shares fell by up to 9.9 percent over bond dispute.

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Shuaa Capital seeks to enter sukuk market

Dubai-based investment bank plans to sell the Islamic bonds issued by Saudi firm.

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$75 oil key to Gulf stock market rebound - Shuaa

Shuaa Capital's chairman says oil price rise would spark flood of global investors.

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Shuaa upbeat on prospects for GCC investors

Chairman says he saw 'renewed optimism' for region at top investment event in London.

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Emaar stars as Dubai index closes at 20-week high

UPDATE 8: Most Gulf markets advance on surging global sentiment.

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Investors more positive on 6 month UAE outlook

Shuaa index shows 43.7% of investors expect UAE economy to improve in 6 months.   

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Shuaa Capital mulls buy-back of $408.5m capital bond

Dubai-based investment bank extends deadline over convertible bond issue until June 4.

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Almarai sweetens offer for Hadco

UPDATE 1: Gulf's largest dairy firm ups share swap offer for agribusiness Hadco by almost 38%.

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Dubai's Shuaa Capital posts $54m Q1 net loss

Investment bank posts AED197.9m net loss as it books losses on investments.

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Investor confidence in GCC economies remains strong

50% of responders to SHUAA Capital's survey prefer GCC to other world markets.

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Moody's downgrades ratings of Shuaa Capital

Weakening liquidity, fundamentals hit Dubai investment bank, says agency.

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Shareholders tell Shuaa Capital to carry on

Shareholders vote down measure that would have forced bank to dissolve itself.

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Shareholders set for vote on Shuaa closure

Future of Dubai's largest investment bank will be decided at meeting on Wednesday.

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30-50% fall seen in apartment prices - survey

Arabian Business survey reveals thoughts of 1,000 UAE home owners, tenants.

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Dubai-based investment bank cuts jobs

SHUAA Capital releases about a dozen staff in bid to better manage cost base - spokesman.

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SHUAA eyes Qatar, Oman acquisitions

Brokerage's chief executive says he is waiting for prices to reduce on back of lower trading volumes.

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Sharp H2 recovery predicted for Saudi shares

SHUAA Capital sees Saudi's recovery on back of indications of global recovery.

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Shuaa Capital slumps to Q4 net loss

Dubai bank Shuaa Capital posts Q4 net loss of 577.4m dirhams after investment writedowns.

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Shuaa Capital looking for bargains

Dubai-based investment bank Shuaa Capital has confirmed it is looking to make bargain acquisitions.

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Dubai house prices to fall 60% from peaks - Shuaa

UPDATE 1: Investment also sees population in emirate falling 5% as jobs are lost.

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UAE markets to rise 21% in 2009 - Shuaa

Dubai-based investment bank sees sluggish economic recovery after July, according to research note.

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Gulf markets end lower amid global gloom

UPDATE 5: UAE, Qatar, Kuwait and Oman fall as investor sentiment is impacted.

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SHUAA Capital confirms exit from KSE

Investment bank now trading all shares on DFM, anticipates improved volumes.

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Shuaa seeks shareholder nod on bond maturity

Investment bank, whose shares were suspended Monday, says meeting Jan. 13.

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Saudi offers best retail opportunities - analyst

With tourist spending set to fall in Dubai, retailers should look to kingdom - Shuaa.

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Shuaa Capital announces job cuts

UPDATE 1: Rating agency Moody's set to review credit standing of UAE's biggest investment bank.

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Shuaa Capital wins approval for shares buyback

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

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Is there anywhere left to invest?

With stock markets plummeting, anxious investors are asking whether there is anything left to invest in.

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Shuaa Capital shares suspended

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

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Shuaa CEO blames short-selling for market woes

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

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Shuaa Capital hit by global fallout, reports H1 loss

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

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70% 'are being priced out of Dubai property market'

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

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Dubai Holding unit to take 32% stake in troubled Shuaa

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

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Global uncertainty hits Gulf markets

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

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Shuaa shares rebound after 'black Wednesday'

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

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Shuaa Capital sanctioned for market manipulation

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

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Shuaa raises $240mn for Saudi hospitality fund

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

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Retail therapy

The Gulf's shopping mall culture has so far kept retailers from looking to the internet to boost their sales.

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Shuaa posts 10% fall in net profit

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

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Shuaa Securities to deploy video-conferencing

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

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Capital growth

Shuaa Capital CEO Iyad Duwaji believes the Gulf is on the cusp of unprecedented economic growth.

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Shuaa shareholders back Kuwait delisting

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

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Golden egg?

Banks are looking to the Gulf to shore up revenues - and wealth managers are leading the pack.

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Emaar undervalued says Shuaa chief

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

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Shuaa eyes Kuwait expansion

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

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Shuaa turns back on Kuwait bourse

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

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Shuaa sees profit halved as markets decline

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

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Ajman rising

Ajman has unveiled a series of developments set to propel the emirate to international recognition.

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Increased lending boosts Dubai Islamic profit

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

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Outlook remains rosy for DFM

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

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Capital growth

Figures suggest that the UAE brokerage market could see growth by as much as 40% compared to last year.

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DP World share price hit by global market concerns

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

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Shuaa Capital in Syria bank talks

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

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Shuaa $40mn Saudi brokerage given green light

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

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Shuaa gets nod for more foreign ownership

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

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A sad end to the Forsyth Saga

Each week Arabian Business turns the spotlight on a leading company.

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Shuaa denies Ahli bid report

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

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Funding growth

How real estate investment trusts can reap huge dividends for investors in the Middle East.

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Dubai Banking to buy into Shuaa Capital

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

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Deyaar share allocations revealed

Teachers got preferential treatment in the oversubscribed IPO of the property firm.

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DIG plans $1bn investment bank

WEF special: Dubai Investment Group is set to become the region's 'largest financial conglomerate'.

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Shuaa proposes 20% cash dividend

The Dubai-based investment back says the dividend accounts for 45% of the year's profit.

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Dubai's Shuaa Q4 profit almost doubles

Shuaa Capital profits almost double after Omani sale.

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Abu Dhabi bank's profits plunge to $69m

Net income at Union National Bank falls 40% as the bank's IPO income dries up.

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DP World investigates IPO in London & Dubai

Deutsche Bank and Shuaa Capital have been hired to investigate listing a minority stake in the ports business.

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$866m IPO planned for Deyaar

Gulf's biggest public offering in 15 months will be open to Arab nationals only.

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Batelco wins Saudi telecoms licence

The fixed-line monopoly of Saudi Telecom Co. ends as Bahrain's telecoms giant wins bid for second licence.

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IPO income slump damages ADBC profits

Declining stock markets in the UAE has dragged down income for the Abu Dhabi banking giant.

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Shuaa Capital gets Saudi banking licence

The Dubai-based company has said it has approval to provide banking services in Saudi Arabia.

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Shuaa thing

Shuaa Capital has agreed to sell its 35% stake in Oman National Investment Corporation Holding to Dubai Financial, part of Dubai Holding resulting in a gain of US$14.3m, which will be reflected in its Q4 results for the financial year ending March 31, 2007.

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UAE floodgates open

Mobile handset manufacturers have long touted the UAE as the ‘gateway to the Middle East' citing its advanced infrastructure and booming economy as providing unparalleled opportunities for growth. The country's telecoms market has proven no exception to this trend and is braced for a shake-up in 2007. Ronan Shields reviews.

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Regional investors flock to Air Arabia US$700 million IPO

Air Arabia's US$700 million initial public offering (IPO) received an overwhelming response from investors, according to Adel Ali, the airline's chief executive officer.

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MTC set to claim third Saudi mobile licence

Kuwait's Mobile Telecommunications Company (MTC) looks set to become Saudi Arabia's third mobile operator after placing the highest bid for the licence.

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UAE regulator drops Shuaa inquiry

ESCA says it has 'no jurisdiction' because share manipulation allegations involve the Kuwaiti exchange.

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UAE government buys 5% of Air Arabia

Move shows confidence in IPO of Sharjah-based budget airline.

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Air Arabia to soar, says Shuaa

Shuaa Capital expects a promising performance from the low cost carrier.

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Shuaa buys back 5.5% of its own shares

UAE investment bank, recently accused of share price manipulation, buys back three million shares.

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Busy month for region’s regulators

GCC markets see investigations and tough penalties imposed, but the true picture is far from bleak.

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Shuaa 'hopeful' over postponed fund

The 'Arab Asia Gateway' fund hasn't been abandoned says Shuaa, which faces share manipulation allegations.

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No one knows for Shuaa

The events of the past week have shown how careful companies need to be in the public eye.

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Forsyth denies Shuaa link as fund fails to materialise

Cancelling the Arab Asia Gateway fund isn't linked to allegations against Shuaa, says investment house.

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More regular regulation

The Shuaa Capital case is an opportunity to prove that financial regulation can work.

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UPDATE: Shuaa dismisses manipulation charge

Dubai's Shuaa Capital vigorously defends its record and will sue Trends magazine for defamation.

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DFSA to examine Shuaa Capital allegations

A second UAE regulator will examine allegations of share price manipulation made against Dubai's largest investment bank.

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Shuaa shares fall as probe launched

Shares in Shuaa Capital - which is under investigation for alleged share price manipulation - fell today.

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Capital investment for finance house

Shuaa Capital has completed the implementation of data storage and replication technology from Network Appliance, the company announced last month.

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STME implements data storage solution at SHUAA Capital

Arab investment bank, SHUAA Capital, claims its latest data storage solution, sourced through regional storage integrator STME, will increase performance and lower the costs of managing information within its high-growth IT infrastructure

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Qtel pays US$635 million to enter Asia

Nasser Marafih is looking to make Qtel a top-20 global contender by 2020

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Shuaa Capital looks to the skies

Firm will oversee Air Arabia's IPO in the first quarter

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Shuaa consolidates storage

New solution should reduce total cost of ownership

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Emirates IPOs to raise $5bn

UAE-based businesses are expected to generate over $5bn through initial public offerings this year.

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Air Arabia plan IPO ‘before April’

The UAE's low-cost airline plans an initial public offering to finance expansion of its fleet by 25 aircraft.

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Real estate boom time is ticking away

Increased supply of residential units will see property prices in Dubai ‘soften', says report.

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Shuaa and Forsyth Join Forces

Co-managed fund covers Arab and Asian markets

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