Bloomberg Swire Pacific Ltd, one of the two remaining British trading houses in Hong Kong, announced plans to buy back up to HK$4 billion ($510 million) of shares, sending the stock surging. The buyback comes as Swire reported a 38% increase in underlying profit to HK$1.7 billion in the six months ended June 30, mostly due to smaller losses ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Guillermo Lasso of Ecuador on the occasion of his country’s Independence Day, marked annually on August 10. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also sent ...

  Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) has reported its financial results for the six-month period ended June 30, recording a net profit of AED186.9 million. Commenting on Adnic’s performance, Sheikh Mohamed bin Saif Al-Nahyan, Chairman of Adnic, said, “Adnic continued to deliver steady performance in the face of challenging global economic conditions. As we move ...