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: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
date:Posted: April 16, 2014
UAE. Apartments sector witnessed increase of 29% whilst villa rentals have grown by 15% year on year; Over the next four years roughly 65,000 new residential units penned for completion.
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