NO. 5


Financial and Banking News

Budgets and Revenues

Kuwaiti Oil Revenue Leaps 57% in early 1989

A combination of firmer oil prices and higher production during the earlypart of the year has resulted in a 57% increase in Kuwaiti oil revenue duringthe first five months of the year, according to figures published by the CentralBank of Kuwait. The revenue figures are the only reasonably current officialindicators of the country's oil sector the latest oil production and...