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 …

ABU DHABI / WAM Adnoc Gas plc, the world-class integrated gas processing company, on Wednesday announced the award of a $3.6 billion (AED13.1 billion) contract to the joint venture between National Petroleum Construction Company Co PJSC (NPCC) and Tecnicas Reunidas to expand its gas processing infrastructure in the UAE. The scope of the contract includes the commissioning of new gas …