08.06.2016 - Kuwait’s current account surplus narrows to 13-year low
Kuwait’s current account surplus narrowed to a 13-year low in 2015, as oil export earnings declined, according to NBK. The surplus in Kuwait’s current account fell from 33% of GDP in 2014 to 5.1% in 2015, due in large portion to a drop in oil export receipts amid a weaker oil price environment. Meanwhile, the foreign assets of the state as a whole, the bulk of which are held by Kuwait Investment Authority (KIA), are thought to be in excess of KD170bn,” says the bank in its market report today...............................................Full Article: Source
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