LONDON / Reuters Global demand for oil is finally close to outstripping supply after nearly three years of surplus production, despite growth in the overhang of unused crude, the International Energy Agency said on Thursday. The agency said oil stocks across the Organisation for Economic Cooperation and Development (OECD) fell by 17.2 million barrels in March. Over the first …

  ABU DHABI / WAM The UAE stock markets are the most attractive across the GCC states and the Middle East region in its entirety, boasting a P/E ratio of 14.00 over the past 12 months, ending in March, 2017. PE ratio, in addition to double book value, is one of widely used and common stock valuation tool. It is …

  ABU DHABI / WAM The Arab Trade Financing Programme (ATFP) approved US$ 1.108 billion in credit facilities all over the last year, bringing to $13.3 billion the total credit provided by the programme for boosting inter-Arab trade since its establishment. This is announced by Abdullah bin Abdul Rahman Al-Hamoody, ATFP Chairman and CEO, during the 28th annual meeting of …