Financial and Banking News
BUDGETS AND REVENUES
Kuwait's Trade Surplus Down 46% in 1988
The surplus in Kuwait's balance of trade in 1988 is estimated at KD532mn($1,907mn), down 46.2% from KD988mn ($3,547mn) in 1987, according to figurespublished by the Central Bank of Kuwait in its 1988 Economic Report. The fall inthe trade surplus in 1988 was mainly due to a drop in the value of Kuwait's oilexports to KD1,732mn from KD2,073mn in 1987. At the same time imports rose...