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Portal:Kuwait

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Kuwait, officially the State of Kuwait, is a country in West Asia. It is situated in the northern edge of the Arabian Peninsula at the tip of the Arabian Gulf, bordering Iraq to the north and Saudi Arabia to the south. With a coastline of approximately 500 km (311 mi), Kuwait also shares a maritime border with Iran, across the Arabian Gulf. Most of the country's population reside in the urban agglomeration of Kuwait City, the capital and largest city. As of 2024, Kuwait has a population of 4.82 million, of which 1.53 million are Kuwaiti citizens while the remaining 3.29 million are foreign nationals from over 100 countries. Kuwait has the third largest foreign-born population in the world.

Before the discovery of oil reserves in 1938, the country was a regional trade port; from 1946 to 1982, the country underwent large-scale modernization, largely based on income from oil production. In the 1980s, Kuwait experienced a period of geopolitical instability and an economic crisis following the stock market crash. In 1990, Kuwait was invaded and subsequently annexed by Iraq under the leadership of Saddam Hussein following disputes over oil production. The Iraqi occupation of Kuwait ended on 26 February 1991, following an AmericanBritishFrenchSaudiEgyptian-led international coalition culminating in the expulsion of Iraqi forces.

Like most other Arab states in the Arabian Gulf, Kuwait is an emirate; the emir is the head of state and the ruling Al Sabah family dominates the country's political system. Kuwait's official state religion is Islam, specifically the Maliki school of Sunni Islam. Kuwait is a high-income economy, backed by the world's sixth largest oil reserves. (Full article...)

The Kuwait Investment Authority (KIA) is the State owned sovereign wealth fund of the State of Kuwait, managing the state's reserve and the state's future generation fund, also known as "Ajyal Fund".

Founded in 1953, the KIA is the world's oldest sovereign wealth fund. As of November 2024, it is the world's 5th largest sovereign wealth fund valued at just under US$1 trillion, with currently US$969 billion assets under management. (Full article...)

Did you know...

  • ...that the fourteen nations designated Major non-NATO ally are the only countries outside of NATO to whom the United States government will consider selling depleted uranium anti-tank rounds?

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