Financial and Banking News
BUDGETS AND REVENUES
UAE Apparently Increases 1988 Revenue Forecasts
An interview given last week by the UAE's Undersecretary for Finance andIndustry, Mr. Nasir al-Nuwais, to the Dubai daily Al-Bayan indicated that theUAE's federal budget expenditure and deficit would remain unchanged for thecurrent year. At the end of August Mr. al-Nuwais announced that althoughexpenditure in 1988 would remain the same as in 1987, the deficit would be...