Kuwait benefits from oil price boom.

Kuwait's Ministry of finance announced on Nov. 20 that it had narrowed its budget deficit for the 2021-2022 financial year more than it had initially forecasted, dropping 72.2 percent year-on-year to 2.99 billion dinars ($9.71 billion). The improvement comes on the back of elevated oil revenues. Meanwhile, the newly elected parliament approved on Nov. 1 the country's delayed budget for the fiscal year 2022-2023. The budget assumes an oil price of $80 per barrel and a...