• Home
  • UAE Posts $18 Billion Surplus in First Nine Months of 2019

UAE Posts $18 Billion Surplus in First Nine Months of 2019

The United Arab Emirates (UAE) posted a surplus of 66.3 billion dirhams ($18.05 billion) in the first nine months of 2019, state news agency WAM said on Thursday, citing government data.

The surplus was slightly higher than in 2018, when the UAE posted a surplus of 66 billion during the same nine-month period.

Revenues amounted to 359.2 billion dirhams and expensed totalled 292.9 billion, the agency said. Expenses were 4.2% higher than in the first nine months of 2018. ($1 = 3.6728 UAE dirham) (Reporting by Nafisa Elthair and Davide Barbuscia; Editing by Alex Richardson).

 

Read full article on Reuters, January 23, 2020

Issue: Economy & Innovation
Country: UAE

Obstacles to Unleashing the Gulf’s Entrepreneurial Potential

May 31, 2024

The Gulf Cooperation Council (GCC) countries have long striven to become less dependent on oil revenue and, in the process, make their citizenry less dependent…

Geopolitics and Challenges in Iraq’s Quest for Regional Connectivity

May 28, 2024

Last month, after Turkish President Recep Tayyip Erdogan visited Baghdad, Iraq announced that it would join the region-wide “Development Road” project, which will link the…

New Year’s Woes: Five Worrying Trends for Iranian Households

March 20, 2024

March 21 marks the turn of the Persian calendar. Iranians welcome the Persian New Year as people worldwide celebrate the start of the Gregorian calendar:…

Subscribe to Receive Latest Updates from GIF.