VOL. XXXII

NO. 17

30-JANUARY-1989

Financial and Banking News

BUDGETS A ND REVENUES

Kuwait Oil Revenues Fall Back to 1986 Levels

The Kuwaiti Government's oil revenues during the first nine months of 1988fell by 31% compared with the previous year and are running at the same rate asduring 1986, the worst year for oil revenues this decade. According to figurespublished by the Central Bank of Kuwait, oil revenues in January-September 1988totaled only $4.07bn compared with $5.93bn during the equivalent...