VOL. XXXIX

No. 22

26-February-1996

UAE

Abu Dhabi Explains Decision To Distribute Shares In State Companies

Following Abu Dhabi's decision earlier this month to distribute shares worth Dh300mn ($82mn) in a number of government-owned industrial enterprises to needy citizens and low-income employees (MEES, 19 February), the Chairman of the Board of the General Industry Corporation (GIC), Shaikh Hamad ibn Tahnun Al Nuhayyan, has shed some light on the rationale behind the government's...