VOL. XXXVI

NO. 9

30-NOVEMBER-1992

Financial and Banking News

BUDGETS AND REVENUES

UAE Federal Government to Spend Dh4.6bn Completing Projects

The federal authorities in the UAE are to spend Dh4.6bn ($1.25bn) by the endof 1993 completing infrastructural projects. A report prepared by the Ministryof Planning and quoted by the Emirates News Agency said that Dh1.7bn would bespent by the end of 1992 and Dh2.9bn by the end of 1993. The report broke downthe spending into Dh1.02bn for electricity and water...