Financial and Banking News


UAE Budget Delayed, Sharjah to Contribute to Federal Revenues 

The UAE Council of Ministers on 23 December issued a federal decree approving provisional monthly allocations for the various UAE federal ministries in 1986 equal to one twelfth of total allocations for each chapter of the 1985 federal budget which was approved on 15 December. As in previous years, the budget for fiscal 1986, which starts on 1 January, will not be issued...