Wednesday, Oct 17, 2018
KUWAIT NEWS

Kuwait O&G Summit

Kuwait Ministry of Oil & KPC to host 5th Kuwait Oil & Gas Summit alongside CWC Group in Kuwait City


Jamal Abdulaziz Jaafar, CEO of KOC

Kuwait is planning to invest $112 billion in the next five years in the oil and gas sector to boost production, the CEO of Kuwait Petroleum Corp. said,... Mar 21, 2018

Energy | Middle East | Kuwait


Start-up Kuwait

Building an ecosystem for SMEs to thrive


Mr. Al-Jouan, Executive Chairman, Mr. Al Wazzan, Vice Chairman, and board members Mr. Boushahri, Mr. Jaffar and Mr. Al Mutairi, of The National Fund for SMEs Development

Mr. Al-Jouan, Executive Chairman, Mr. Al Wazzan, Vice Chairman, and board members Mr. Boushahri, Mr. Jaffar and Mr. Al Mutairi, of The National Fund for... Nov 10, 2017

Industry & Trade | Middle East | Kuwait


Banking on Kuwait

Kuwait investing heavily in backlog of much-needed infrastructure projects


Shaikha Al-Bahar, Deputy Group CEO of NBK

As the nation’s largest and first established bank, NBK is one of the leading financiers of Kuwait’s mega projects, and will play a pivotal... Oct 20, 2017

Finance | Middle East | Kuwait


Youth Affairs & Social Media

Kuwaitis embrace the digital future through stronger social media engagement


#Kuwait on social media is an information and dialogue initiative designed to reach out to the nation’s youth to gain direct feedback and engagement

Kuwait is steadily making the switch from analog to digital governance, keeping pace with social media usage – a far stronger model for direct feedback... Jun 20, 2016

Telecoms & ICT | Government | Middle East | Kuwait


Ministry of State for Youth Affairs

HH the Amir of Kuwait catalyzes country’s approach to youth empowerment


A female student addresses well-wishers during a graduation ceremony

In 2012, HH the Amir, Sheikh Sabah Al Ahmad Al Jaber Al Sabah, created the Ministry of State for Youth Affairs, which is charged with designing and implementing... Jun 15, 2016

Government | Middle East | Kuwait


Corporate Social Responsibility

Private sector and institutions engage community, pioneer development


Left: Sheikh Mohammed bin Abdullah Al Thani, General Manager and CEO, Ooredoo. Center: Salman Bin Abdulaziz Al-Badran, CEO, VIVA. Right: Dr. Qais S. Al Duwairi, Director General, Dasman Diabetes Institute

Across the country the private sector, together with academic and research institutions, is working to support community development and promote prosperity. Jun 13, 2016

Telecoms & ICT | Middle East | Kuwait


KFAED

Development Fund expands support to 105th country


The Kuwait Fund has supported the financing of more than 900 projects in 105 countries

At the heart of its humanitarian and development program, the Kuwait Fund for Arab Economic Development (KFAED) has shared the nation’s wealth for... Jun 08, 2016

Government | Middle East | Kuwait


Kuwait Fund for Arab Economic Development

One of the world’s highest per-capita donors for humanitarian aid


HH the Amir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah, with UN Secretary General Ban Ki Moon

Ahead of the World Humanitarian Summit in Istanbul, Kuwaitis break all records as humanitarian donors. Jun 01, 2016

Government | Middle East | Kuwait


The growth of Kuwait

General contractor a big contributor to development


Al Hamra Tower, Kuwait’s tallest structure at 414 meters, was built by Ahmadiah. Courtesy of Ministry of Information

The growth of Ahmadiah has mirrored the growth of Kuwait. Today the construction company continues its significant contribution and partnership with the... Mar 24, 2016

Infrastructure | Real Estate | Middle East | Kuwait


The future of Kuwait's oil

Low oil prices present reform opportunity


HE Dr. Sheikh Mohammad Sabah Al-Salem Al-Sabah, Former, Minister of Foreign Affairs and Deputy Prime Minister (left), Faisal Ali Al-Mutawa, Chairman & CEO, Ali Abdulwahab Al Mutawa Commercial Co. (AAW) (right)

Kuwait is in the midst of transforming its economy from one reliant on oil, to a knowledge-based, diversified system led by a strong private sector  Mar 18, 2016

Industry & Trade | Middle East | Kuwait


The Sea City project

Sea City achieves the impossible


The Sea City project is under the patronage of HH Amir Sabah Al-Ahmad Al-Jaber Al-Sabah

The pioneering, private sector- led marine megaproject, Sabah Al-Ahmad Sea City, has transformed a vast area of salt marsh into an incredible waterfront... Mar 13, 2016

Infrastructure | Real Estate | Middle East | Kuwait


Kuwait Projects Company (KIPCO)

Group’s success shows measure of private sector potential


Faisal Al-Ayyar, Vice-Chairman (Executive) of KIPCO (left), KIPCO Tower in Kuwait City. Photo courtesy of Ministry of Information (right)

Kuwait’s most successful privately-owned group invests in real estate on the back of post-crisis expansion, while also heavily supporting education... Mar 07, 2016

Industry & Trade | Conglomerate | Middle East | Kuwait


‘Investment in Kuwait is a base for investment all over the region’

Sheikh Ahmad Duaij Al-Sabah
Chairman of Commercial Bank of Kuwait

In this interview, Sheikh Ahmad Duaij Al-Sabah gives his insight into the financial sector... Oct 08, 2018


KOC Exploring New Frontiers

Mr. Jamal Abdul Aziz Jaafar
CEO of Kuwait Oil Company (KOC)

In this interview, Jamal Abdul Aziz Jaafar discusses how KOC is looking for partners to... Oct 01, 2018


Boosting its downstream capacities

Bakheet Al-Rashidi
Minister of Oil

In this interview, Minister of Oil Bakheet Al-Rashidi discusses the major oil and gas projects... Sep 10, 2018


‘We are not a gas station. We have more to contribute to the world’

Mr. Abdulnaser Alfulaij
CEO Kuwait Gulf Oil Company

A fully owned subsidiary of Kuwait Petroleum Corporation (KPC), Kuwait Gulf Oil Company... Sep 10, 2018


KPI: Fostering innovation and new partnerships in a changing global energy landscape

Nabil Bourisli
KPI President & KPC Holdings Aruba CEO

Kuwait Petroleum International, known by its trademark Q8, is the downstream arm of the... Jul 02, 2018


‘Our development efforts have made a difference in people’s lives’

Mr. Abulwahab Al Bader
Director General of the Kuwait Fund for Arab Economic Development

Last April 25th, 2018 Mr. Abulwahab Al Bader Director (General of the Kuwait... Jul 02, 2018


Markaz: Kuwait Financial Center

Mr. Manaf Alhajeri
CEO of MARKAZ

The Worldfolio speaks with Manaf Alhajeri about how Markaz is contributing to Kuwait’s... Jun 19, 2018


Towards a knowledge and innovation economy with numerous investment opportunities

H.E. Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah
Director General of Kuwait Direct Investment Promotion Authority (KDIPA)

The Worldfolio speaks to H.E. Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah about Kuwait’s... Jun 13, 2018


Education as the backbone of Kuwait’s Economic Development

H.E. Hamed M. K Alazemi, PhD
Minister of Education & Higher Education for the state of Kuwait

Minister Hamed Al-Azemi discusses initiatives to enhance the Education and Higher Education... May 17, 2018


Transforming Kuwait into a trade hub for the region

H.E. Khalid Naser Al-Roudan
Minister of Commerce & Industry of Kuwait

Minister Khalid Naser Al-Roudan discusses initiatives to enhance trade and to promote SMEs... May 16, 2018


Kuwait, building a knowledge-based economy through Vision 2035

Dr. Khaled A. Mahdi
Secretary General of the Supreme Council for Planning and Development

In January, the Kuwaiti government unveiled its blueprint for the future, New Kuwait Vision... Nov 03, 2017


Boursa Kuwait: maintaining a competitive edge

Mr. Khaled AlKhaled
Vice Chairman and CEO of Boursa Kuwait

Khaled AlKhaled, Vice Chairman and CEO of Boursa Kuwait, discusses the transformation of... Oct 24, 2017


Flexibility key to luxury retail growth

Abdul Mohsen Behbehani & Shahzad Gidwani
Director and General Manager, Trading Division, of Morad Yousuf Behbehani Group

The Worldfolio sits down with the leadership of the Behbehani Group, one of Kuwait’s... Jan 24, 2017


International acclaim for advanced R&D

Dr Qais S. Al Duwairi
Director-General of the Dasman Diabetes Institute

Recognized as a Center of Excellence and Reference for diabetes mellitus in the GCC region,... Apr 26, 2016


KRCS tackles rising health challenges with humanitarian practicality

Dr Hilal Al Sayer
Chairman of the Kuwait Red Crescent Society

Chairman of the Kuwait Red Crescent Society (KRCS) and former Minister of Health Dr Hilal... Nov 15, 2015


Gulfnet teams local knowledge with global tech as a one-stop ICT shop

Dr Ahmad Salih
CEO of Gulfnet Communications Co.

As technologies become increasingly complex and industries continue to converge, ICT partnerships... Nov 06, 2015


KDIPA raises local and foreign investment by streamlining a friendly and sustainable business environment

Sheikh Dr Meshaal Jaber Al Ahmad Al Sabah
Director General of the Kuwait Direct Investment Promotion Authority (KDIPA)

Sheikh Dr Meshaal Jaber Al Ahmad Al Sabah, Director General of the Kuwait Direct Investment... Nov 05, 2015


Health 2.0 tech sharpens focus on prevention and attitudes

Dr. Mussaad Al Razouki
Chief Business Development Officer at Kuwait Life Sciences Company (KLSC)

Dr. Mussaad Al Razouki, Chief Business Development Officer at Kuwait Life Sciences Company... Jul 16, 2015


Kuwait Center for Autism continues its integration across the Arab world

Dr. Samira Al-Saad
Founder & Director of the Kuwait Centre for Autism

Dr. Samira Al-Saad has run the Kuwait Center for Autism (KCA) for the past 20 years. Her... Jul 14, 2015


Collaborations bolster Kuwaiti–Mexican relations

Miguel Ángel Isidro Rodríguez
Ambassador of Mexico to Kuwait

Kuwait has long standing relations with Latin America and Mexico is one of five countries... Jul 06, 2015


Humanitarian hub encourages unity through education

Professor Moudi Al-Humoud
Rector of the Arab Open University

The Arab Open University (AOU) is the largest private institution for undergraduates in... Jul 06, 2015



LOCATION:

Middle East, bordering the Persian Gulf, between Iraq and Saudi Arabia



AREA:

total: 17,818 sq km

land: 17,818 sq km

water: 0 sq km

country comparison to the world: 158



AREA - COMPARATIVE:

slightly smaller than New Jersey



LAND BOUNDARIES:

total: 475 km

border countries (2): Iraq 254 km, Saudi Arabia 221 km



COASTLINE:

499 km



NATURAL RESOURCES:

petroleum, fish, shrimp, natural gas



POPULATION:

2,832,776 (July 2016 est.)

note: Kuwait's Public Authority for Civil Information estimates the country's total population to be 4,183,658 for 2015, with immigrants accounting more than 69%

country comparison to the world: 141



NATIONALITY:

noun: Kuwaiti(s)

adjective: Kuwaiti



ETHNIC GROUPS:

Kuwaiti 31.3%, other Arab 27.9%, Asian 37.8%, African 1.9%, other 1.1% (includes European, North American, South American, and Australian) (2013 est.)



LANGUAGES:

Arabic (official), English widely spoken



RELIGIONS:

Muslim (official) 76.7%, Christian 17.3%, other and unspecified 5.9%

note: represents the total population; about 69% of the population consists of immigrants (2013 est.)



COUNTRY NAME:

conventional long form: State of Kuwait

conventional short form: Kuwait

local long form: Dawlat al Kuwayt

local short form: Al Kuwayt

etymology: the name derives from the capital city, which is from Arabic "al-Kuwayt" a diminutive of "kut" meaning "fortress encircled by water"



GOVERNMENT TYPE:

constitutional monarchy



CAPITAL:

name: Kuwait City



GDP (purchasing power parity):

$301.1 billion (2016 est.)

$293.7 billion (2015 est.)

$290.4 billion (2014 est.)

note: data are in 2016 dollars

country comparison to the world: 55



GDP - real growth rate:

2.5% (2016 est.)

1.1% (2015 est.)

0.6% (2014 est.)

country comparison to the world: 117



GDP - composition, by sector of origin:

agriculture: 0.4%

industry: 59.6%

services: 40% (2016 est.)



AGRICULTURE - products:

fish



INDUSTRIES:

petroleum, petrochemicals, cement, shipbuilding and repair, water desalination, food processing, construction materials



EXPORTS:

$43.84 billion (2016 est.)

$55.32 billion (2015 est.)

country comparison to the world: 50



EXPORTS - commodities:

oil and refined products, fertilizers



EXPORTS - partners:

South Korea 14.5%, China 12.1%, India 12.1%, Japan 10.4%, US 7.6%, Pakistan 5.9%, Singapore 4.3% (2015)



IMPORTS:

$28.32 billion (2016 est.)

$27.34 billion (2015 est.)

country comparison to the world: 63



IMPORTS - commodities:

food, construction materials, vehicles and parts, clothing



IMPORTS - partners:

China 13.2%, US 9.6%, Saudi Arabia 7.7%, Japan 6.5%, Germany 5.1%, France 4.3%, India 4.2% (2015)



CRUDE OIL - production:

2.562 million bbl/day (2015 est.)

country comparison to the world: 9



CRUDE OIL - exports:

1.711 million bbl/day (2013 est.)

country comparison to the world: 8



CRUDE OIL - imports:

0 bbl/day (2013 est.)

country comparison to the world: 154



CRUDE OIL - proved reserves:

104 billion bbl (1 January 2016 es)

country comparison to the world: 6



COUNTRY REPORTS




FACEBOOK
LINKEDIN
TWITTER
OUTSTANDING COMPANIES

Americana Group

Since its inception in Kuwait back in 1964, Americana...

Wataniya

Wataniya Telecom123 was commercially launched in...

Gulf Glass Manufacturing Company (GGMC)

In 1981 Gulf Glass Manufacturing co.(GGMC) Kuwait...

Warba

WARBA was established on 24.10.76 as a Kuwait Shareholding...




FOLLOW US
          
SUBSCRIBE



COUNTRY ARTICLES AND INTERVIEWS







© Worldfolio Ltd.

The Worldfolio provides intelligence about the economies with the highest growth potential in the world, with a focus on understanding them from within.

SUBSCRIBE


FOLLOW US                   | Terms and conditions - Privacy policy - Cookies policy.