NO. 50


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....