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."



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