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Topic: Economy of Kuwait


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  Kuwait - Wikipedia, the free encyclopedia
Kuwait was established in the 16th century when several clans from the Al Aniza tribe migrated to the northern shore of the Persian Gulf from the Najd, their famine-stricken homeland in central Arabia.
Kuwait is considered to be one of the fifteen lands that comprise the "Cradle of Humanity".
Kuwait City is the capital of Kuwait and is one of the busiest financial and trade centres in the Persian Gulf.
en.wikipedia.org /wiki/Kuwait   (1864 words)

  
 Economy of Kuwait - Wikipedia, the free encyclopedia
Kuwait is a small, relatively open economy with proved crude oil reserves of about 94 billion barrels (15 km³), i.e.
Kuwait is a small country with massive oil reserves, whose economy has been traditionally dominated by the state and its oil industry.
Kuwait's fiscal surplus in 2000 was some 15% of GDP, while it reversed to a deficit of more that 2% of GDP in 2001 on sliding oil prices.
en.wikipedia.org /wiki/Economy_of_Kuwait   (1351 words)

  
 Kuwait Economy
Kuwait has a small, relatively open economy dominated by the oil industry and government sector.
The wealth of Kuwait is based primarily on oil and capital reserves, and the Iraqi occupation severely damaged both.
However, most of the soil which was suitable for farming in south central Kuwait was destroyed when Iraqi troops set fire to oil wells in the area and created vast "oil lakes." Fish and shrimp are plentiful in territorial waters, and large-scale commercial fishing has been undertaken locally and in the Indian Ocean.
www.traveldocs.com /kw/economy.htm   (1247 words)

  
 Kuwait History, Kuwait Flag, Culture of Kuwait, Economy of Kuwait, History of Kuwait
Kuwait also has a significant population classified as bidun (Arabic for "without"), who are not citizens of any country.
Kuwait, a small and relatively open economy, is one of the world's richest countries per capita.
For a country of such small size, Kuwait boasts a very broad and rich culture, containing a particular heritage and encompassing certain trends whose roots are embedded in the cultural traditions of antiquity.
www.mapsofworld.com /country-profile/kuwait1.html   (402 words)

  
 Economy   (Site not responding. Last check: 2007-11-03)
Kuwait's non-oil economy grew by an estimated 7 percent in 1995 and 1996 as domestic demand increased because of the return of the number of expatriate workers to nearly pre-Gulf War levels.
The economy of Kuwait has undergone several major shocks over the past three decades, including massive government intervention in the late 1970s, the collapse of the securities market in 1982, the collapse of world oil prices in the mid-1980s, and the seven month Iraqi occupation of Kuwait in 1990-91.
Kuwait's investments were drained from $100 billion to $40 billion because of the occupation; the money was used to finance the government's contribution to the allied military effort, and to pay for the reconstruction of the country.
www.kuwait-info.org /Country_Profile/economy.html   (4420 words)

  
 Economy of Kuwait -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-11-03)
Petroleum accounts for nearly half of (Measure of the United States economy adopted in 1991; the total market values of goods and services by produced by workers and capital within the United States borders during a given period (usually 1 year)) GDP, 90% of export revenues, and 75% of government income.
The economy suffered from the triple shock of a 1982 securities market crash, the mid-1980s drop in oil prices, and the 1990 (A republic in the Middle East in western Asia; the ancient civilization of Mesopotamia was in the area now known as Iraq; modern government is involved in state-sponsored terrorism) Iraqi invasion and occupation.
Fish and shrimp are plentiful in territorial waters, and largescale commercial fishing has been undertaken locally and in the (The 3rd largest ocean; bounded by Africa on the west, Asia on the north, Australia on the East and merging with the Antarctic Ocean to the south) Indian Ocean.
www.absoluteastronomy.com /encyclopedia/e/ec/economy_of_kuwait.htm   (1433 words)

  
 A brief outline on the economy of Kuwait   (Site not responding. Last check: 2007-11-03)
Kuwait's economy was traditionally associated with trade owing to its strategic position in the Gulf, which was also its source of fish and pearls.
The controlling body for development is the Kuwait Ministry of Planning, a body set up in 1976, which works in concert with the Industrial Bank of Kuwait to ensure that new projects are both fuel efficient and will be of future benefit to the area.
Kuwait is a member of the International Monetary Fund (IMF), the World Bank, the Arab Fund for Economic and Social Development (AFESD) and the International Bank for Reconstruction and Development.
www.aaahousingq8.com /kuwaiteconomy.html   (433 words)

  
 BBC News | FROM OUR OWN CORRESPONDENT | Kuwait's pampered economy
As we left the gleaming office towers of Kuwait City and took the highway south to Al-Ahmadi, the home of the oil bonanza, we arrived in something which reminded me of a neatly planned new town in southern England.
Kuwait may be celebrating 40 years of formal independence, but it remains far from self-reliant.
The state still owns most of the economy and employs some 96% of the Kuwaiti workforce, who are guaranteed jobs for life.
news.bbc.co.uk /2/hi/programmes/from_our_own_correspondent/1192652.stm   (991 words)

  
 Kuwait Country Analysis Brief   (Site not responding. Last check: 2007-11-03)
Kuwait's economy is heavily dependent on oil export revenues.
Kuwait also is considering construction of a new refinery at Azour, with possible capacity of 450,000-600,000 bbl/d (and at a cost of $2.5 billion), which would begin operation around 2010, replacing the Shuaiba refinery, which is the country's oldest and least technologically advanced.
Equate II is to have ethylene capacity of 850,000 t/y, ethylene glycol/ethyleneoxide capacity of 600,000 t/y, and polyethylene capacity of 450,000 t/y.
www.eia.doe.gov /emeu/cabs/kuwait.html   (4742 words)

  
 Economy Oil, Kuwait Oil Company (KOC)
Kuwait Oil Company (KOC) was formed in 1934 by the British Petroleum Company and Gulf Oil Corporation, today known as Chevron.
Oil was later discovered at Rawdhatain in North Kuwait in 1955 and at Minagish in 1959.
In 1974, a participation agreement was ratified by the Kuwait National Assembly giving 60 per cent control of the operations of KOC to the State of Kuwait, the remaining 40 per cent being divided equally between BP and Gulf Oil Corporation.
www.kuwait-info.com /sidepages/economy_oil_koc.asp   (217 words)

  
 The Economy of Kuwait : A Period of Consolidation - Page 1
Kuwait has about 10% of the world’s proven oil reserves which are estimated to last for another 100 years at the present level of extraction.
This is a remarkable accomplishment given the fact that the oil industry infrastructure was virtually destroyed during the invasion by Iraq in 1990 and 1991.
Kuwait has one of the largest gross domestic products in the region at $31.5 billion in current prices.
www.1website.com /c_t2_index/c_t2_index.html   (379 words)

  
 Encyclopedia: Economy of Kuwait   (Site not responding. Last check: 2007-11-03)
Economies by country This is a copyrighted and/or trademarked logo.
Economy - overview: Guinea-Bissau is among the worlds least developed nations and one of the 20 poorest countries in the world, and depends mainly on agriculture and fishing.
The economy of Hong Kong has often been cited by people such as Milton Friedman and the Cato Institute as an example of the benefits of laissez-faire capitalism.
www.nationmaster.com /encyclopedia/Economy-of-Kuwait   (2711 words)

  
 AllRefer.com - Kuwait : Economy (Arabian Peninsula Political Geography) - Encyclopedia
Kuwait's traditional exports were pearls and hides, but since 1946 it has become a major petroleum producer and oil now dominates the economy.
The main concession for oil exploitation was held by a joint British-American firm until 1974, when Kuwait took control of most of the operations; it had previously retained a large part of the oil profits.
The petroleum industry, which accounts for over 90% of Kuwait's export revenues, was severely damaged in the Persian Gulf War.
reference.allrefer.com /encyclopedia/K/Kuwait-economy.html   (339 words)

  
 ipedia.com: Economy of Kuwait Article   (Site not responding. Last check: 2007-11-03)
Kuwait is a small, relatively open economy with proved crude oil reserves of about 94 billion barrelss, i.e.
Kuwait is a small, relatively open economy with proved crude oil reserves of about 94 billion barrelss (15 km³), i.e.
Kuwait has about 94 billion barrels (15 km³) of recoverable oil; Saudi Arabia is the only single country which has larger reserves.
www.ipedia.com /economy_of_kuwait.html   (1362 words)

  
 Kuwait Economy   (Site not responding. Last check: 2007-11-03)
Kuwait has a small, open economy that is dominated by its oil industry.
Kuwait's crude oil production is currently running at 2.0 million barrels per day, and production capacity is estimated to be 2.5 million barrels per day.
Kuwait lowered its OPEC quota on April 1, 1999 to 1.836 million bdp.
www.kuwait-info.org /For_Students/kuwait_economy.html   (4367 words)

  
 Kuwait
Kuwait is situated northeast of Saudi Arabia at the northern end of the Persian Gulf, south of Iraq.
Kuwait is believed to have been part of an early civilization in the 3rd millennium B.C. and to have traded with Mesopotamian cities.
Kuwait: Economy - Economy Kuwait's traditional exports were pearls and hides, but since 1946 it has become a major...
www.infoplease.com /cgi-bin/id/A0107694.html   (938 words)

  
 FREE In-depth report - Kuwait -- Economy - Kuwait
Kuwait became a conduit for commerce from the gulf to Asia, Africa, and Europe.
In the nineteenth and early twentieth centuries, the economy relied primarily on pearl diving, and merchants and sailors harvested the gulf's natural pearl banks, which were among the richest in the world.
That industry, the basis of Kuwait's economy, came to a sudden end in the 1920s with the development of the process of making cultured pearls in Japan and then the Great Depression.
www.exploitz.com /Kuwait-Kuwait--Economy-cg.php   (418 words)

  
 Kuwait: Economy
The oil reserves of Kuwait is estimated to around 10% of the world total, and will at the present level of extraction last for 150 years more.
Industries of Kuwait are connected to petroleum, and Kuwait is refining its oil.
The infrastructure in the eastern part of Kuwait is well developed, and comprise 4,700 km of roads, and an international airport near Kuwait City.
lexicorient.com /e.o/kuwait_2.htm   (165 words)

  
 [No title]   (Site not responding. Last check: 2007-11-03)
The economy of Kuwait is based almost exclusively on oil; crude oil reserves are estimated at about 94 billion barrels - 10% of world reserves.
Petroleum accounts for nearly half of GDP, 90% of export revenues, and 75% of government income By law, 10% of all oil revenues is to be deposited into a special reserve fund to provide for the future when oil revenues are exhausted.
It was a clear indication that Kuwait economy is considered to be amongst the freer in the world.
www.arab.net /kuwait/kt_economy.htm   (305 words)

  
 SESRTCIC   (Site not responding. Last check: 2007-11-03)
Kuwait is located in the North-eastern corner of the Arabian Peninsula.
Kuwait has nine islands off its coast, the largest is Bubiyan.
The economy of Kuwait is based almost exclusively on oil.
www.sesrtcic.org /members/kuw/kuwhome.shtml   (228 words)

  
 Economy (from Kuwait) --  Britannica Student Encyclopedia   (Site not responding. Last check: 2007-11-03)
Kuwait's economy is based on petroleum and petrochemicals.
The city lies on the southern shore of Kuwait Bay of the Persian Gulf.
The tiny desert nation of Kuwait was a quiet Middle Eastern country until August 1990, when it was invaded and annexed by its much larger northern neighbor, Iraq.
www.britannica.com /ebi/article-223960?tocId=223960&ct=   (724 words)

  
 Kuwait Politics - Flags, Maps, Economy, History, Climate, Natural Resources, Current Issues, International Agreements, ...
Had the amir returned quickly to Kuwait, stood above the factions, and appealed to the natural desire of a population tired by war to retreat from politics to the private world of reunited families, he might have scuttled the prodemocracy movement and reimposed a relatively benign authoritarianism.
Whereas Kuwait historically has not experienced heavy-handed government, pockets of its population (some foreigners and Shia) have felt the heavier hand of the state at times.
Jill Crystal's Kuwait: The Transformation of an Oil State offers a general overview of Kuwait; her Oil and Politics in the Gulf provides a more analytical survey of Kuwaiti politics.
www.photius.com /countries/kuwait/economy/kuwait_economy_politics.html   (1055 words)

  
 Economy (from Kuwait) --  Encyclopædia Britannica
Virtually all of Kuwait's wealth is derived directly or indirectly, by way of overseas investments, from petroleum extraction and processing.
The most dramatic element of Kuwait's economic development has been the steady and rapid expansion of its oil industry since the 1970s.
A constitutional monarchy (emirate), Kuwait is in the northeastern Arabian Peninsula, on the Persian Gulf.
www.britannica.com /eb/article-45147   (734 words)

  
 Economy of Kuwait   (Site not responding. Last check: 2007-11-03)
Kuwait has about 94 billion barrels of recoverable oil; Saudi Arabia is the only single country which has larger reserves.
Kuwait plans to increase its capacity to 3.5 million b/d by 2005.
It uses material from the wikipedia article Economy of Kuwait.
www.eurofreehost.com /ec/Economy_of_Kuwait_2.html   (521 words)

  
 Kuwait-Business & Economy تجارة و أقتصاد   (Site not responding. Last check: 2007-11-03)
Kuwait Business Directory - classifieds, jobs, business opportunities, and more.
Kuwait Finance House - Islamic financial institution that aims at applying Islamic principles in its transactions both locally and internationally.
Kuwait's first Islamic bank, backed by 20 years of experience and expertise, is geared to offer efficient and competitive banking, investment, trade finance, commercial and real estate financing services.
www.arabinfoseek.com /kuwait-business_&_economy.htm   (193 words)

  
 Agriculture and fishing (from Kuwait) --  Encyclopædia Britannica
Only a small amount of the land is arable, and, because of scarcity of water, soil deficiencies, and lack of workers trained in agricultural skills, only a portion of that land area is under actual cultivation.
Agriculture's contribution, therefore, is insignificant to the output of the economy.
More results on "Agriculture and fishing (from Kuwait)" when you join.
www.britannica.com /eb/article-45149   (820 words)

  
 Kuwait : Country Studies - Federal Research Division, Library of Congress
Kuwait : Country Studies - Federal Research Division, Library of Congress
Chapter numbers reflect those used in the printed book.
Kuwait -- Reconstruction After the Persian Gulf War
lcweb2.loc.gov /frd/cs/kwtoc.html   (112 words)

  
 The Country & People of Kuwait
Kuwait took part in the Arab oil embargo against nations that supported Israel in the 1973 Arab-Israeli War and is a member of the Organization of Petroleum Exporting Countries (OPEC).
In Aug. 1990, Kuwait was invaded and forcibly annexed by Iraq, an act that led to and was reversed by the Persian Gulf War.
The war and widespread looting and intentional destruction by Iraqi troops devastated Kuwait, particularly its oil fields, but by the end of 1992 the country had repaired nearly all the damage and its oil output was at about the prewar level.
www.hejleh.com /countries/kuwait.html   (2018 words)

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