NO. 24


Financial and Banking News

Budgets & Revenues

UAE Trade Surplus Up 53% in 1989

The UAE in 1989 had a surplus of Dh20.2bn ($5.5bn) on its balance of tradecompared to Dh13.2bn ($3.6bn) in 1988, according to figures released by theUAE Minister of Planning, Shaikh Humaid ibn Ahmad al-Mu'alla. In 1989 exportsrose to Dh57.3bn from Dh44.9bn in 1988, as did imports to Dh37.1bn in 1989 fromDh31.7bn in 1988. The UAE also recorded an increase in its overall balance of...