NO. 49


Financial and Banking News

Budgets & Revenues

OAPEC Report Shows Economic Improvement in Member States During 1989

Member states of the Organization of Arab Petroleum Exporting Countries (OAPEC)achieved a current account surplus of $13bn in 1989, the first surplus since1982, according to estimates published in OAPEC's Annual Report for 1989, whichwas released at the end of July. The report also estimates that, afterexcluding Iraq, the member states recorded...