A surge in oil prices allied with higher private capital inflow and lower outbound funds transfers by the public sector to turn the UAE's balance of payment deficit into a surplus in 2010, official figures have shown.
The surge also largely widened the country's current account surplus to around Dh41.2 billion in 2010 from nearly Dh28.8 billion in 2009, showed the figures published in the central bank's annual report.
The trade surplus leaped to around Dh106 billion from Dh79.6 billion after hydrocarbon exports soared to nearly Dh275.7 billion from Djh249.2 billion following a sharp rise in crude prices last year.
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