NO. 27


Financial and Banking News

Budgets & Revenues

UAE Oil Revenues Fall to $13.9bn in 1991, but Non-Oil GDP Rises

The UAE earned Dh51.1bn ($13.9bn) in oil revenues during 1991, representing49.8% of total revenues, according to the Federal Ministry of Planning. The oilrevenue figure is down 11% on that for 1990, and the total figure is down 3.1%.UAE oil production averaged 2,392,000 b/d during 1991, compared to 2,065,000 b/din 1990, although the average price per barrel...