Kuwait posts record income of $63.6bn
Kuwait: Wednesday, March 19 - 2008 at 09:34
Kuwait has reported that it posted record revenues of 17 billion dinars ($63.6bn) in the first 11 months of the current fiscal year, more than double budget estimates, thanks to soaring oil prices, reported AFP. Revenue for the period to the end of February compares with projected income for all of 2007/2008 of 8.3 billion dinars (about $31bn) and is 18.2% up on the same period of the previous fiscal year. Oil revenues surged 17.6% to 16 billion dinars (about $60bn) over the 11 months.
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Jeff Florian, Senior ReporterWednesday, March 19 - 2008 at 09:34 UAE local time (GMT+4)
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