FINANCIAL NEWS

Qatar, Kuwait mutual trade to experience sharp increase

23 Sep 2017

(MENAFN) Qatar and Kuwait mutual trade is projected to experience an increase in the coming years as businesses and investors from both nations are working in co-op to tap growing business chances.

Recently, the bilateral trade co-op has seen a main boost, particularly after the unjust blockade by Saudi-led allies who cut economic and diplomatic ties.

Furthermore, the two-way trade volume between both sides in 2016 reached more than QR2.7bn.

In addition, the Kuwait budget deficit 2017/18 is expected to be USD21.6bn, with revenues projected at USD43.6bn and spending at USD65.2bn.

MENAFN2309201700450000ID1095889088

MENAFN2309201700450000ID1095889088

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