Kuwait budget surplus reaches US$58 billion in 11 months
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Sun April 15, 2012 9:20 am

KUWAIT. Kuwait had a preliminary budget surplus of 16.07 billion dinars (US$58 billion) in the first 11 months of the fiscal year that ended March 31, Al-Shall Economic Consultants reported, citing Finance Ministry data.

Income was 26.89 billion dinars, including oil revenue of 25.48 billion dinars, while spending was 10.82 billion dinars, Al-Shall said.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 31, 2014
INTERNATIONAL. In his latest interview with The Gold Report, the 321gold.com founder delivers a frank overview of U.S. international policy and lambasts commentators who look to their tea leaves in search of the next market moves.
date:Posted: October 31, 2014
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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UAE. GCC corporate earnings strength intact; Regional bonds unaffected by global shocks; Central Banks support financial markets.
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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