Financial and Banking News


UAE Supreme Council Approves 1985 Budget, Takes No Decisions on Reforms 

The long-awaited meeting on 15 December of the UAE Supreme Council - the highest federal authority, comprising the Rulers of the seven UAE emirates - approved the 1985 federal budget but failed to take any decisions on political and economic reforms. The federal budget for the fiscal year 1 January-31 December 1985, with projected revenues of Dhl2.99 bn ($354bn),...