VOL. XXXVII
NO. 50
12-SEPTEMBER-1994
Financial and Banking News
Economic Indicators
UAE GDP Growth Slows To 1.2% In 1993
Economic growth in the UAE slowed to 1.2% in 1993 and the current accountbarely remained in surplus as a result of the fall in oil prices at the end ofthe year. However, the latest Annual Report from the Central Bank of the UAEshows that non-oil growth continued its upward trend during the year and thatthe Federal Government had some success in containing public expenditure....
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