FUJAIRAH / WAM HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah has issued Law No 2 of 2023 to transform the “Fujairah Tourism and Antiquities Authority” into the Fujairah Tourism and Antiquities Department. The law stipulates that it will perform the tasks and competencies specified for it under the provisions of this law and …

BLOOMBERG ABN Amro Bank slumped in Amsterdam after the bank’s delay of buyback plans outweighed the better-than-expected profit in the second quarter. Net income of €870 million ($955 million) in the three months through June compared with expectations for profit of €576.3 million, while net interest income was broadly in line with expectations. The Dutch bank, which last announced a …

ABU DHABI / WAM The UAE dominated the global tourism landscape in the first half of 2023 and maintained its regional and international leadership as a preferred destination for travel, residency and business. The country’s tourism sector performed exceptionally in the first six months of 2023, with record figures and results attesting to the success of the strategies and plans …