VOL. XXXVIIINO. 1112-DECEMBER-1994

Financial and Banking News

Economic Perspectives

UAE Faces Up To Economic Realities

Of all the Gulf economies, the UAE has displayed the greatest immunityto the effects of reduced oil revenues and mounting government expenditure. Thefinancial pressures which have caused such hand-wringing in Saudi Arabia andKuwait have hardly impinged on the decision making process in the UAE. Yet thereare increasing signs that the federal government, and some individual...