Financial and Banking News
BUDGETS AND REVENUES
Rudhan Projects 11% Increase In Oil Revenues During Present BudgetYear
Kuwait is forecasting oil revenues of KD2,219.8 ($7,367mn) during the presentbudget year, which began on 1 July, compared to KD2,000.3mn in the previousyear, an 11% increase. The Finance Minister, Mr. Nasir 'Abd Allah al-Rudhan, justifies the increased estimate on the basis that Kuwait will be exporting1.8mn b/d during the present year, compared to an...