Kuwait

Kuwait, officially the State of Kuwait, is a country in Western Asia. Situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, it borders Iraq to the north and Saudi Arabia to the south. As of 2016, Kuwait has a population of 4.5 million people: 1.3 million are Kuwaitis and 3.2 million are expatriates. Expatriates account for approximately 70% of the population.Oil reserves were discovered in commercial quantities in 1938. In 1946, crude oil was exported for the first time. From 1946 to 1982, the country underwent large-scale modernization. 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 later annexed, by Saddam’s Iraq. The Iraqi occupation of Kuwait came to an end in 1991 after military intervention by a military coalition led by the United States. Kuwait is a non-NATO ally of the United States. Kuwait is also a major ally of ASEAN, while maintaining a very strong relationship with China.Kuwait is a constitutional sovereign state with a semi-democratic political system. Kuwait has a World Bank high-income economy backed by the world’s sixth largest oil reserves. The Kuwaiti dinar is the highest valued currency in the world. According to the World Bank, the country has the nineteenth highest per capita income. The Constitution was promulgated in 1962. Kuwait is home to the largest opera house in the Middle East. The Kuwait National Cultural District is a member of the Global Cultural Districts Network.

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10 Richest Countries in Asia

Cover Image For List : 10 Richest Countries In Asia

Countries like China, India, Indonesia, Korea are the largest economies in Asia. But if we talk about the rich, these countries have no name in the rich. So you must have thought that if such countries are not in the category of rich, then which are the countries which fall under the category of rich?…


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