The UAE records a surplus of billions in the first half of 2022

 The UAE announced, on Friday, that the country achieved a financial surplus in its government revenues, which amounted to 125.5 billion dirhams (34 billion dollars), during the first half of 2022.

The UAE Ministry of Finance said, in a tweet on Twitter, that the federal government and the governments of the Emirates achieved total revenues of 305.6 billion dirhams ($ 83.20 billion) during the first half of 2022.

The ministry indicated that the total government expenditures, during the same period, amounted to 180 billion dirhams (49 billion dollars).

The rise in the revenues of the UAE, a member of OPEC, one of the largest producers of crude oil in the world, comes after the rise in oil prices significantly due to the repercussions of Russia's invasion of Ukraine.

The ministry stated that the rise in state revenues reflects the "sound financial policies and wise strategic decisions" of the country's leaders, with the aim of "making the country a leading financial center in the world."