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	GCC Research Note- September 28, 2008 Is the GCC ready for Monetary Union? An Economic Evaluation of its prospects. GCC Brief- October 8, 2008 Commentary: Are falling oil prices a risk to Kuwait's budget? Charts: Focus on GCC government expenditures. latest financial and economic data. Kuwait Briefs- August-September 2008 Budget picture bright but real estate slows further, and stocks decline. Oil Market: KEC falls below $100 on softening market fundamentals and stronger dollar� but Kuwait still likely to see a record budget surplus. Public Finance: Higher oil prices yield strong revenue growth and a KD 6 billion surplus for the first four months of 2008/09 fiscal year despite a jump in expenditures. Inflation: Kuwait inflation still in double digits but likely headed lower later this year.