Financial and Banking News
UAE Economy Retains Gains Recorded in 1990
The recently published Annual Report of the Central Bank of the UAE gives anoverview of economic conditions in the federation. After a major expansionduring 1990, due to increased oil production and prices, economic activityplateaued during 1991, retaining the gains of the previous year. Non-oil exportsand re-exports did manage to keep growing in line with the trend of recent...