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UAE fiscal position to remain strong

Posted on 05/09/2004

The UAE will maintain one of the strongest fiscal positions in the Arab world over the next few years despite an expected change in oil prices and production. International forecasts showed the deficit in the country's consolidated financial account, which covers federal spending and the budget of each emirate, was more than halved last year and would remain under control over the next three years as it would again be financed through returns from the UAE's massive investments abroad. As ...  >>MORE

UAE reports sharp rise in federal revenue

Posted on 04/02/2004

An increase in government services fees and introduction of new services has sharply boosted the revenues of the federal ministries and kept the budget deficit under control. Between 1998-2002, the revenues of the country's 24 ministries and other federal departments jumped by around 39 per cent and they were set to grow further last year following the introduction of additional services by the Ministries of Labour and Social Affairs, the Health, Education and the Interior. From Dh5.9 ...  >>MORE

Abu Dhabi Municipality bagged Dh51million from revenue collection.

Posted on 06/01/2003

The Abu Dhabi Municipality and Town Planning Department has bagged in more than Dh51billion from revenues collected last year, 2002. The amount covers the rent of industrial plots of land, properties, abattoirs, fees collected from car parking lots, gardens and markets. According to Abdul Razak Mohammed Sadiq Al Khaja, Director of the Municipality's Rent and Properties Department, the amount came from symbolic fees charged on industrial plots of land, properties, abattoirs, car parking lots, ...  >>MORE