SAUDI ARABIA: SHUAA Capital recorded a AED24.8 million (US$6.75 million) profit in the first quarter of 2017, ending losses since the third quarter of 2015. This is mainly driven by recoveries in its SME and corporate businesses. According to a statement, total revenues however declined from AED45.5 million (US$12.38 million) in the first quarter (Q1) of 2016 to AED31.8 million (US$8.66 million) in Q1 2017. The company’s lending unit Gulf Finance saw a similar loss in its revenues, sliding to....