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: September 1, 2014
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
date:Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
date:Posted: September 1, 2014
INTERNATIONAL. Oil markets since 2011 have become less price sensitive to actual supply disruptions, especially to those geopolitical events that have taken place since the Arab Spring.
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
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