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Shuaa Capital reports $15m loss

11 August 2010

Shuaa Capital has reported a second-quarter loss of Dhs56.6m ($15m) compared to a profit of Dhs91.7m in the year-earlier period, as the value of investments declined, Bloomberg has reported. The bank's first-half loss declined 65% to Dhs37.1m and its cash position of Dhs474m is "very comfortable," it said.

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