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Trends stands firm on Shuaa
- United Arab Emirates: Tuesday, February 06 - 2007 at 17:07
The managing editor of Arabies Trends says the magazine "stands behind its story" on Shuaa Capital, despite Shuaa threatening legal action. Shuaa CEO Iyad Duwajii told Emirates Today newspaper that he was pursuing action against Medialeader, publishers of Trends, in its home jurisdiction. Medialeader is based in Paris and Dubai. The report concerned a $325m deal between Shuaa and Kuwait's Al Ahlia Investment Company in late 2005.
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James McInerney, News EditorTuesday, February 06 - 2007 at 17:07 UAE local time (GMT+4)
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This article was updated on Wed May 02 2007.
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