Last winter, as oil prices drifted down to $10 a barrel, conventional wisdom had it that the UAE federal government, like those of other Gulf Arab oil states, would have to tighten its belt to avoid another, larger budget deficit, the eighth since 1992. The federal finance ministry warned ministers to restrict spending to the same monthly budgeted levels as in 1998....more

BANKING
Meeting client needs  Dec 21

OIL, GAS AND PETROCHEMICALS
Palace politics intrude into oil  Dec 21

AGRICULTURE AND TRADITION
Urban farmers dig living in the desert  Dec 21

TOURISM
Night golf and retail therapy  Dec 21