VOL. XLIII

No. 09

28-February-2000

KUWAIT

Kuwait Records 75% Rise In Q3 1999 Oil Revenues

The latest figures released by the Central Bank of Kuwait reveal oil revenues for Q3 1999 of KD907.3mn ($2,966mn) a 75% increase over the equivalent 1998 figure and 75% higher than Q3 figures for 1997. While the aggregate figure for oil revenues for the first three quarters of 1999 of KD2,095.3mn ($6,849.6mn) does not exceed the KD2,787.3mn ($9,111.8mn) of 1997 for the equivalent period, it is 15.75%...