NO. 51


Financial and Banking News

Budgets & Revenues

UAE To Maintain 1995 Spending At 1994 Levels; Taxes Ruled Out

Resources for the UAE federal budget will be the same in 1995 as they arethis year, according to the Minister of Finance and Industry, Shaikh Hamdan ibnRashid al-Maktum. Spending for the present year is roughly the same as in 1993.On 12 September the Minister of State for Finance and Industry, Mr. Ahmad ibnHumaid al-Tayir, ruled out the introduction...