Kuwait's Oil and Gas Financing Rises 17.6% in June, Despite Annual Drop

Kuwait, 30 August, 2024 :  In June, Kuwait's local banks increased financing for the oil and gas sector by 17.6%, totaling 88.7 million dinars, up from 500,000 dinars in May. This represents a notable month-to-month improvement.

However, compared to June 2023, the sector saw an annual decline of 8%, with financing decreasing by 7.8 million dinars from 96.5 million dinars.

For the first half of 2024, total financing for the oil and gas sector reached approximately 760.8 million dinars.

Source : www.zawya.com