Financial and Banking

BUDGETS AND REVENUES

UAE's GDP, Trade Surplus Decline 

The annual report of the Central Bank of the UAE was released last week and showed that the country's current account remained in surplus during 1985 but declined by 5.1% to Dh26bn ($7.1bn). The Gross Domestic Product (GDP) declined by 6.6% to Dh96.5bn ($26.4bn), a decline which in real terms the Central Bank estimates as 3-4%. The decline was felt more acutely in the oil sector, which fell 7.1%, but...