Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

BAHRAIN

Bahrain Raises Its Oil Revenue Projection In 2005-06 To $523Mn

Bahrain has revised upwards its oil revenue projection in the 2005 and 2006 budget to BD197mn ($523mn) from BD44mn ($117mn), the chairman of parliament’s financial and economic committee, Jihad Bukamal, announced last week. Following consultation with the Bahraini Minister of Finance and Economy Shaikh Ahmad ibn Muhammad Al Khalifa, Mr Bukamal said the...