Adding to the decidedly mixed results we've been seeing from Gulf-based asset managers and financial firms, The National Investor, an Abu Dhabi-based investment bank, today said it booked a Dh6m first-quarter profit. That compares favourably with its peers in the region, many of which have been announcing large losses this year. Shuaa Capital, a Dubai-based firm,
in the first quarter (though that was better than it had done in previous quarters).
TNI has yet to release full financial results, but according to a press release, its investment banking, asset management and private equity arms had good quarters.
