2/19/2012

Kuwait to post record income, surplus: report

ZAWYA
 
 
KUWAIT CITY, Feb 19, 2012 (AFP) - OPEC member Kuwait was forecast Sunday to post its largest revenues and budget surplus ever this current fiscal year on the back of high oil prices and production, a local economic report said.
Revenues of the oil-rich Gulf state in the 2011/2012 fiscal year, which ends March 31, are expected to top $100 billion for the first time, ending between $101 billion and $104 billion, the National Bank of Kuwait (NBK) said.