VOL. XXXI

NO. 23

14-MARCH-1988

Financial and Banking News

BUDGETS AND REVENUES

UAE Not Considering Borrowing

A senior official at the UAE Central Bank has categorically denied that anyplan is being considered by the Federal Government to raise money by issuingbonds. His remarks to MEES were made in response to an interview with the AbuDhabi daily Al-Ittihad by the Under-Secretary of the Abu Dhabi FinanceDepartment, Mr. Jaw'an Salim, on 7 March. Mr Salim was quoted as saying that theUAE Federal...