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Kuwait Direct Investment Promotion Authority (KDIPA) was established in 2013. It is a governmental organization that advances economic diversification, growth, and Kuwait's global competitiveness. It was established in alignment with Kuwait's goal of diminishing its dependence on oil-generated revenues and broadening its economic base.
In 1982–1983, Kuwait began extending significant financial loans to Iraq. Kuwait's large-scale economic assistance to Iraq often triggered hostile Iranian actions against Kuwait. Iran repeatedly targeted Kuwaiti oil tankers in 1984 and fired weapons at Kuwaiti security personnel stationed on Bubiyan island in 1988. [21]
To put KIA's size into perspective, the Kuwait Future Generations Fund has 15% of annual oil revenues added to it. The Chinese regulator awarded Kuwait Investment Authority an additional $700 million quota on top of $300 million awarded in March 2012. The quota is the highest to be granted by China to foreign investment entities. [6]
In November 1994, Iraq formally accepted the UN-demarcated border with Kuwait which had been spelled out in Security Council Resolutions 687 (1991), 773 (1992), and 883 (1993); this formally ends earlier claims to Kuwait and to Bubiyan and Warbah Island islands; ownership of Qaruh and Umm al Maradim islands are disputed by Saudi Arabia.
The college was established in 1995 in cooperation with Staff College, Camberley.On 18 August 1997, the college was named Mubarak al-Abdullah Command and Staff College in honor of Lieutenant General Mubarak Al-Abdullah, the former Chief of General Staff of the Kuwaiti Army during 1963 to 1980.
As of 2016, Kuwait has a population of 4.2 million people; 1.3 million are Kuwaitis and 2.9 million are expatriates. [1] Oil reserves were discovered in 1938. From 1946 to 1982, the country underwent large-scale modernization.
Three helicopters and 2 fighters were shot down during the invasion of Kuwait on 2 August 1990. Kuwait claims to have shot down as many as 37 Iraqi aircraft. These claims have not been confirmed. [59] In addition, 68 fixed wing aircraft and 13 helicopters were destroyed while on the ground, and 137 aircraft were flown to Iran and never returned ...
Its assets were estimated at close to $300 billion before the outbreak of the global crisis. Saraawi said that it is no secret that there is a direct impact from the global financial meltdown on Kuwaiti investments. He added that MPs also want to know the extent of this impact on the country's financial surpluses in the past few years.