Middle East Economic Survey
VOL. LIII
No 50
13-Dec-2010
KUWAIT
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,...
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