Financial and Banking News
BUDGETS AND REVENUES
BahrainReceivesBudget Boost fromNew Oil Agreement with
Bahrain is hoping to cut is budget deficitinhalfasa
resultofhigherearnings from the offshore Abu Safah oilfield, which it shares with Saudi Arabia.The state budget
for1993and1994,publishedon 30 December,projects deficits of BD63mn ($167mn) and BD75mn($199mn)for1993
and1994,comparedwith a provisional estimate of BD131mn ($347mn) for last year.Increasesin...