NO. 22


Financial and Banking News

Budgets & Revenues

UAE's Oil Exports Top $10bn in 1989

The UAE's Minister of Economy and Trade, Mr. Saif al-Jarwan, told theSharjah daily al-Khaleej last week that the value of the UAE's oil exports in1989 is estimated at between $10.6bn and $12bn, compared with $7.35bn in 1988.According to Mr. Jarwan, the average oil price in 1989 was $17.40/B, comparedwith $14.28/B in 1988. He also said that the UAE's federal budget deficit, which...