Middle East Economic Survey
Kuwait Projected To See KD3-5Bn Budget Surplus This Year, Says NBK
Kuwait is expected to post a budget surplus of around KD3-5bn ($12-19bn) for fiscal year 2010-11 on the back of higher oil prices, the National Bank of Kuwait (NBK) said in its 22 November Economic Brief. These surplus figures constitute a boost in NBKs projection by KD1bn (around $3.5bn) from last month. From just under $73/B in late September, the report also...