kuwait oil revenues to hit kd 27bn
Last Updated : GMT 13:03:42
Arab Today, arab today
Arab Today, arab today

Kuwait oil revenues to hit KD 27bn

Arab Today, arab today

Arab Today, arab today Kuwait oil revenues to hit KD 27bn

Kuwait - KUNA

Kuwait oil revenues are expected to reach KD 27 billion in the fiscal year 2013/2014, Al Shall Economic Consultants Company\'s Economic Research Unit said in a report released Saturday. \"Kuwait is supposed to have achieved oil revenues during the past two months of the new fiscal year in the amount of about KD 4.5 billion,\" reads the report. \"Assuming production levels and prices would continue at their present level, an assumption which is unrealistic on the price side at least, and perhaps the current production, too, projected oil revenues would score about KD 27 billion for the entire current fiscal year, which is KD 10.1 billion above the budget estimate.\" The report also pointed out that total budget revenues are expected to KD 28.2 in the corresponding period. \"Adding KD 1.2 billion in non-oil revenues, total budget revenues for the current fiscal year would score about KD 28.2 billion.\" Comparing this figure with expenditures allocations figure in the amount of KD 21.2 billion, the outcome will be a hypothetical surplus by about KD 7 billion for the entire fiscal year 2013/2014. The report showed that the oil market is subject to pressures on prices and it needs to maintain a reasonable level by voluntary cuts especially from Kuwait and Saudi Arabia because they produce beyond their OPEC quota. \"The market is also exposed to pressure on the demand side due to a general and long-term weakness in the global economic growth. Likewise, it is under pressure from the supply side due to the increase in producing difficult and nonconventional oils. \"Prices are supported by the political risk premium as well as the sanctions against Iran. Nevertheless, there seems to be no changes in our financial policy for early handling of the weak oil market. On the contrary, generosity of popular proposals is escalating; besides, the oil sector lost last week its first professional oil minister ever. With regard to the stock market, the report noted that the performance of Kuwait Stock Exchange (KSE) for the last week was mixed where the traded volume index and the number of transactions decline, while the traded value index and the general index increased. \"AlShall Index (value weighted) closed at 475.3 points at the closing of last Thursday, showing an increase of 8.3 points or about 1.8 percent compared to the end of the previous week, and an increase of 37.1 points or about 8.5 percent compared to the end of 2012.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait oil revenues to hit kd 27bn kuwait oil revenues to hit kd 27bn

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait oil revenues to hit kd 27bn kuwait oil revenues to hit kd 27bn

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday