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Financial and Banking News

Kuwait Oil Revenue Up 4.5% in First Half

The Kuwaiti Government's oil revenues during the first six months of 1987stood at KD951.5mn ($3.4bn), representing a 4.5% increase over the same periodin 1986, according to figures recently published by the Central Bank of Kuwait.With non-oil revenues also up, by 5.7%, and expenditure reduced by 13.3% toKD1,255.7mn ($4.5bn), the government's budget deficit has been cut by more thana half,...