Portal:Kuwait


The Kuwait Portal

Kuwait, officially the State of Kuwait, is a country in West Asia. It is situated at the head of the Persian Gulf in the northern edge of the Arabian Peninsula, 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 Persian Gulf. Kuwait is a city-state; 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. In 2019, Kuwait had the world's third largest number of foreign nationals as a percentage of the population, where its citizens make up less than 30% of the overall population.

The territory of modern-day Kuwait has been occupied by humans since antiquity, particularly due to its strategic location at the head of the Persian Gulf near the mouth of the Tigris and Euphrates rivers. In the early 18th century, the territory of modern-day Kuwait was under the jurisdiction of the Bani Khalid clan; then the territory became known as the Sheikdom of Kuwait and a British protectorate in 1899. Prior to the discovery of oil reserves in 1938, the territory of modern-day Kuwait contained a regional trade port. The protectorate agreements with the United Kingdom ended in June 1961 when Kuwait officially became an independent state.

From 1946 to 1982, Kuwait 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. It suffered pro-Iranian attacks during the Iran–Iraq War, as a result of Kuwait's financial support to Iraq. In 1990, the state of Kuwait was invaded, had a puppet regime installed, and was subsequently annexed by Ba'athist Iraq under the leadership of Saddam Hussein following disputes over oil production. The Iraqi occupation of Kuwait ended on 26 February 1991, after a U.S. and Saudi Arabia–led international coalition expelled Iraqi forces from the country during the Gulf War. (Full article...)

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The Souk Al-Manakh stock market crash was the 1982 stock market crash of Kuwait's unofficial stock market, the Souk Al-Manakh (Arabic: سوق المناخ). The Al-Manakh market was housed in an air-conditioned parking garage in the historic area of Jibla, Kuwait City. The market was specialized in highly speculative and unregulated non-Kuwaiti companies. At its peak, its market capitalization was the third highest in the world, behind only the U.S. and Japan, and ahead of the U.K. and France. (Full article...)

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  • ...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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