Financial and Banking News
BUDGETS AND REVENUES
UAE Trade Surplus Shrinks in 1988
Figures released last week by the Planning Ministry of the UAE indicate thatthe country's trade surplus dropped by some 28% to the equivalent of $3.9bnduring 1988, reflecting the lower revenues earned from a higher volume of oilexports and lower oil prices, as well as a steady increase in the country'simports. The Ministry also released preliminary estimates for the country'sGross...