Arab Today, arab today shuaa capital unit\s managed assets soar
Last Updated : GMT 22:24:26
Arab Today, arab today
Arab Today, arab today

Shuaa Capital unit\'s managed assets soar

Arab Today, arab today

Arab Today, arab today Shuaa Capital unit\'s managed assets soar

Dubai - Arabstoday

Shuaa Capital PSC said its asset management unit oversees more than Dh1 billion. The unit increased assets under management from Dh672 million to over Dh1 billion during last year, the company said in an e-mailed statement yesterday. Gulf Navigation Gulf Navigation Holding PJSC posted a second-quarter loss after the only publicly traded oil-tanker owner in Dubai set aside money to cover costs related to the sale of its Probos vessels. Article continues below The loss was Dh24.8 million ($6.8 million) after a profit of Dh20.5 million a year earlier, Gulf Navigation said in a statement to the Dubai bourse yesterday. Operating revenue fell 4 per cent to Dh78.6 million. Gulf Navigation has sold all its Probos ships, designed to carry oil products, bulk and ore, to avoid losses due to a glut in the market. The company is now in discussions with potential equity partners to invest in its very large crude carrier venture in Saudi Arabia, and with Chinese companies on two orders for VLCCs, according to the statement. Maaden Saudi Arabian Mining Co (Maaden) said on Friday it has started the construction of the rolling mill and alumina refinery at its planned aluminium joint venture complex with US-based Alcoa Inc (AA). The rolling mill is expected to have an initial capacity of 380,000 metric tonnes a year, while the alumina refinery will have an initial annual capacity of 1.8 million tonnes, Maaden said in a statement. The two projects are part of the $10.8 billion fully integrated aluminum complex Maaden is developing with Alcoa, which will include an integrated alumina refinery, aluminum smelter and rolling mill at Ras Azzour on Saudi Arabia\'s eastern coast on the Arabian Gulf. The planned complex will be the world\'s lowest-cost supplier of primary aluminum, alumina and aluminum products as well as the Middle East\'s first food-grade can-sheet rolling mill. Operations at the smelter and rolling mill will begin in 2013, while the mine and refinery are expected to come online in 2014. Saudi wheat purchase Saudi Arabia bought 660,000 tonnes of hard wheat from the US, Europe, Australia and Canada for delivery from November to February, the Grain Silos and Flour Mills Organisation said. The average price is $346 per tonne, including cost and freight, it said. Alexandria Mineral Alexandria Mineral Oils Co, an Egyptian petroleum products maker, said it plans to distribute a 9 Egyptian pound dividend in two phases. The Alexandria, Egypt-based company plans to pay a dividend of 7 pounds per share and a 2 pound dividend per share to shareholders as of Aug-ust 24, it said in a regulatory filing with the Egyptian Exchange yesterday. EFIC profit Egyptian Financial and Industrial Co (EFIC), the North African country\'s biggest publicly-traded phosphate-based fertiliser producer, said its six-month profit dropped 47 per cent. Net income decreased to 25.9 million pounds in the six months ended June 30 compared with 48.7 million pounds a year- earlier, the Gharbaya, Egypt-based company said in a regulatory filing. Ezdan Real Estate Ezdan Real Estate Co, Qatar\'s largest developer by market value, said first-half profit fell to 103.6 million riyals from 117.3 million riyals a year earlier. The company made the announcement in a statement to the Qatar bourse yesterday. Turkcell Turkcell Iletisim Hizmetleri, Turkey\'s biggest mobile operator, agreed to buy Global Iletisim, a tele-communications data operator, from Yildiz Holding, it said.Global Iletisim was valued at 17.5 million liras, Turkcell said in an e-mailed statement. The actual purchase price will be determined by evaluating Global\'s debts, loans and cash position at the close of the transaction, it said. Global Iletisim will be integrated with Turkcell Superonline, Turkcell\'s fiber-optic and internet services provider unit.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today shuaa capital unit\s managed assets soar Arab Today, arab today shuaa capital unit\s managed assets soar

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday