Shuaa posts fourth-quarter net inocme of Dh3.8 million | The National:
"Shuaa Capital, Dubai’s oldest investment bank, had its third consecutive quarterly profit in more than five years amid a turnaround in the UAE’s economy.
Net income in the fourth quarter increased to Dh3.8 million versus a loss of Dh21m in the same quarter of 2012 as revenues gained 153 per cent to Dh64m, the bank said in an e-mailed statement.
For the whole of 2013, the investment bank’s profit advanced to Dh2.8m compared to a net loss of Dh59m in 2012, its first annual gain since the financial crisis of 2008 nearly brought it to its knees."
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