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Shuaa axes more staff as part of 'rightsizing'

Shuaa Capital has scaled back its research department, making five staff members redundant and redeploying others, as the Dubai investment bank cuts costs, the company said. "We have scaled back to reduce costs, in line with Shuaa's rightsizing program and repositioning of the brokerage platform," Oliver Schutzmann, the company's chief…

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