NO. 21


Financial and Banking News

Budgets & Revenues

UAE GDP Increased By 1% In 1993, Ministry Says

The gross domestic product (GDP) of the UAE rose by 1.1% to Dh131.6bn($35.8bn) during 1993, according to figures published by the Ministry ofPlanning. The increase was unexpected in view of the fall in oil prices towardsthe end of the year and the fact that crude production during 1993 was slightlylower than in 1992. Oil related GDP accounts for about 40% of the...