Financial and Banking News
BUDGETS AND REVENUES
UAE Cabinet Approves 1986 Budget
The UAE Cabinet approved a draft budget for 1986 last week, indicating thatthe full budget will probably be finalized before the end of the year. Federalbudget delays are endemic in the UAE, but Cabinet approval is the last effectivehurdle required, with the remaining procedures being of a largely ceremonialnature.
The 1986 budget whose importance is underlined by its adoption as the...