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Shuaa profits fall 10%

  • United Arab Emirates: Wednesday, August 06 - 2008 at 09:20

UAE-based investment bank Shuaa Capital has reported a 10% drop in profits on its Q1 results for the 2008-2009 financial year, Gulf News has reported. The bank reported a profit of Dhs67.1m compared to Dhs74.5m profit for the same quarter of 2007-2008. The dip was blamed on international market conditions and higher operating costs.

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