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  1. Kuwait’s 2011-12 Draft Budget Projects Higher Revenue And Lower Deficit

    ...nsion scheme. The first payment was made in 2010-11 and the last is due in 2014-15. The draft budget needs parliamentary ratification. The 2010-11 budget projected total revenue at KD9,719mn ($34,794mn), total expenditure at KD16,310mn ($58,390mn) and a deficit of KD7,562mn ($27,072mn ‒ MEES, 27 Se...

    Volume: 54
    Issue: 05
    Published at Mon, 31 Jan 2011

  2. OPWP Prequalifies Companies For 2GW Sur IPP

    ...rst phase and 1.5gw in the second phase. Prequalified companies have until 7 March to submit final bids. The winning bidder is expected to complete the first phase by the summer of 2013. Full commissioning is expected ahead of the 2014 summer peak demand, the daily reported. OPWP issued its re...

    Volume: 54
    Issue: 05
    Published at Mon, 31 Jan 2011

  3. Israel’s Sheshinski Committee Recommendations

    ...vy imposed on revenues from the deposits will be reduced by 50%, ie multiplied by a factor of 0.5, until the end of production of the gas that is currently in the deposit.   Deposits in which production will begin after the establishment of the Committee, but no later than 1 January 2014...

    Volume: 54
    Issue: 05
    Published at Mon, 31 Jan 2011