Financial and Banking News


Kuwaiti Investment Income Exceeds Oil Revenue in 1985/86

According to figures recently published by the Central Bank of Kuwait (CBR) relating to public finance in the fiscal year 1985/86, the government's income from investments - from both the State General Reserve (SGR) and the Reserve Fund for Future Generations (RFFG) more than doubled during the year to reach an all-time high of KD2,493.3mn ($8.5bn), a figure which for the first...