Financial and Banking News


UAE Projects Small 1985 Budget Deficit 

The delayed 1985 UAE federal budgets which starts on 1 January, will be announced this month or next with a much smaller deficit than the ones recorded in the preceding years, according to Mr. Nasir al-Nuwais, Under Secretary of the UAE Ministry of Finance and Industry. The sharp reduction in the deficit will result from a contraction of non-essential expenditures, the UAE official explained,...