Friday 10 July 2015

Kuwait fiscal reserves hit record $592b: report | GulfNews.com

Kuwait fiscal reserves hit record $592b: report | GulfNews.com:



"Kuwait’s financial reserves defied a slump in oil prices to hit a record 179.2 billion dinars ($592 billion) at the end of the 2014-15 financial year, a report said Thursday. 




They grew by $53 billion in the year to March 31, Al-Qabas newspaper reported, citing figures released by Finance Minister Anas al-Saleh to a closed session of parliament last week.



Kuwait normally does not reveal the size of its assets most of which are invested abroad, mainly in Europe and the United States."



'via Blog this'

No comments:

Post a Comment