Search results
Results From The WOW.Com Content Network
The Kuwaiti dinar (Arabic: دينار كويتي , code: KWD) is the currency of Kuwait.It is sub-divided into 1,000 fulūs. [2]As of 2023, the Kuwaiti dinar is the currency with the highest value per base unit, with KD 1 equalling US$3.26, [3] ahead of the Bahraini dinar with BD 1 equalling US$2.65 and Omani rial at US$2.60.
The 1990 oil price shock occurred in response to the Iraqi invasion of Kuwait on August 2, 1990, [1] Saddam Hussein's second invasion of a fellow OPEC member. Lasting only nine months, the price spike was less extreme and of shorter duration than the previous oil crises of 1973–1974 and 1979–1980, but the spike still contributed to the recession of the early 1990s in the United States. [2]
On April 24, 2016, the Kuwait Stock Exchange became fully operated by a private company and its name changed to Boursa Kuwait, making it the only stock exchange in the Middle East owned by the private sector. [4] [5] [6] On September 14, 2020, the Boursa Kuwait Securities Co. was listed on Boursa Kuwait, [7] becoming a self-listed exchange. [8]
Kuwait was the world's biggest exporter of sulfonated, nitrated and nitrosated hydrocarbons in 2019. [121] Kuwait was ranked 63rd out of 157 countries in the 2019 Economic Complexity Index (ECI). [121] Iraq was Kuwait's leading export market in 2019 and food/agricultural products accounted for 94.2% of total export commodities. [122]
Kuwait is highly dependent on migrant labour, but their poor living conditions have been noted by human rights groups. [5] From 2022 to 2024, over 1,400 Indian workers died in Kuwait, and the Indian embassy in Kuwait City received 16,423 complaints from March 2021 to December 2023 due to payment delays, harassment, and substandard accommodation.
Kuwait, [a] officially the State of Kuwait, [b] is a country in West Asia and the geopolitical region known as the Middle East.It is situated in the northern edge of the Arabian Peninsula at the head of the Persian Gulf, bordering Iraq to the north and Saudi Arabia to the south. [14]
Thousands of Iraqi football fans were expected in Kuwait on Tuesday for a World Cup qualifier, the first time they have been allowed to attend since former Iraqi dictator Saddam Hussein invaded ...
The Al Rai Alaam newspaper license was rented to Jassim Al Boodai (the Alrai owner) in 1995, and it was published as Al Rai in 2006 after the new press law.Egyptian journalist Abdallah Kamal was the advisor of the paper.