Middle East Economic Survey


No 50



Kuwaiti Oil And Non-Oil Revenues Up 19%, Says NBK

Seven months into the 2010-11 fiscal year, and on the back of strong oil prices and a recovering local economy, oil and non-oil revenues were up 19%, according to the National Bank of Kuwait (NBK) in its 8 December Economic Brief on public finance. With Kuwait Export Crude (KEC) averaging $75/B well above the assumed price of $43/B in the budget oil revenues have, as expected,...