ABU DHABI / WAM The total assets of 10 UAE banks jumped to AED 1.75 trillion by the end of Q1 2017, a 9.3 percent growth from AED 1.6 trillion recorded over the same period last year. A WAM analysis has found out that the growth in assets of the 10 banks whose Q 1 financial statements were announced …

  Bloomberg Gulf Arab oil producers have reached an agreement about a possible extension of output cuts beyond June to reduce stockpiles of crude, Oman’s oil minister said. His Saudi Arabian counterpart confirmed that producers arrived at an initial deal on prolonging cuts. GCC countries agreed to push for an extension in a meeting, Oman Oil Minister Mohammed Al Rumhy …

  Ras Al Khaimah / WAM Foreign trade of the Emirate of Ras Al Khaimah grew by 11.8 percent in 2016 compared to 2015, according to a report published by the Studies and Commercial Cooperation Department at the RAK Chamber, based on data from the Customs Department. Dr Ahmed Rashed Al Shemaili, Assistant Director-General of Commercial Service and Business Development Sector …