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Shuaa Capital to cut 39 jobs
- United Arab Emirates: Thursday, May 12 - 2011 at 09:43
Dubai-headquartered Shuaa Capital has swung to a net quarterly loss of Dhs26.3m ($7.16m), compared with net profit of Dhs19.5m for the year-ago period, Reuters has reported. Revenue for the quarter was Dhs27.1m. Hit by the political unrest in parts of the region, the investment bank said it will cut 39 jobs to help generate Dhs30m in annualized savings.
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StaffThursday, May 12 - 2011 at 09:43 UAE local time (GMT+4)
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