Kuwait

The State of Kuwait (Arabic: دولة الكويت‎, dawlat al-kuwayt) is a sovereign Arab emirate situated in the northeast of the Arabian Peninsula in Western Asia. It is bordered by Saudi Arabia to the south and Iraq to the north and lies on the northwestern shore of the Persian Gulf. The name Kuwait is derived from the Arabic “akwat”, the plural of “kout”, meaning fortress built near water.[5] The emirate covers an area of 20,000 square kilometres (6,880 sq mi) and has a population of about 2.9 million.

Historically, the region was the site of Characene, a major Parthian port for trade between India and Mesopotamia. The Bani Utbah tribe were the first permanent Arab settlers in the region and laid the foundation of the modern emirate. By 19th century, Kuwait came under the influence of the Ottoman Empire and after the World War I, it emerged as an independent sheikhdom under the protection of the British Empire. Kuwait’s large oil fields were discovered in the late 1930s. After it gained independence from the United Kingdom in 1961, the nation’s oil industry saw unprecedented growth. In 1990, Kuwait was invaded and annexed by neighboring Iraq. The seven month-long Iraqi occupation came to an end after a direct military intervention by United States-led forces. Nearly 750 Kuwaiti oil wells were set ablaze by the retreating Iraqi army resulting in a major environmental and economic catastrophe.[6] Kuwait’s infrastructure was badly damaged during the war and had to be rebuilt.[7]

Kuwait is a constitutional monarchy with a parliamentary system of government, with Kuwait City serving as the country’s political and economic capital. The country has the world’s fifth largest oil reserves[8] and petroleum and petroleum products now account for nearly 95% of export revenues, and 80% of government income.[9] Kuwait is the eleventh richest country in the world per capita and has the highest human development index (HDI) in the Arab world.[10] Kuwait is classified as a high income economy by the World Bank and is designated as a major non-NATO ally of the United States.[11]

[Kuwait City]

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City Codes for calling Kuwait »

International Country Code for calling Kuwait. This page details Kuwait phone code. The Kuwait phone codes will help you make international phone calls to Kuwait. In order to make international calls to Kuwait, use Kuwait’s country code before dialing the local number.The Kuwait country dialing code is only used when calling Kuwait from another country. To make an international call to Kuwait, you may also need a city or area code.

Kuwait   REAL ESTATE MORTGAGE LOANS BANKS

Kuwait   REAL ESTATE MORTGAGE LOANS BANKS
Real estate sales volumes in Kuwait were reduced in January to 60 %
According to the official statistics, recession in sales proceeds within 10 months.

Volumes of transactions under the inhabited real estate which is the largest segment of the market, were reduced in January of this year in relation to last January to 72,6 %, to 34,6 million dinars ($117,3 million).

At the same time, sales volumes of the commercial real estate have grown for the specified period on 22,7 %, to 11,4 million dinars ($38,7 million).

Notices that …

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History of Kuwait

XVIIIc. – the actual power has passed to local sheikhs from a dynasty the expert-sabah.Till June, 19th, 1961 Kuwait was protectorate of Great Britain. Now the country the dynasty of Al-Sabah based in 1759 corrects. The part of the population which is not radical Kuwaiti, has no vote. Kuwait is a member of the United Nations, the World bank, IMF, Leagues of the Arabian states, the OPEC. The country receives 90 % of incomes from export of oil and natural gas.

Holidays 2010

1 January - New Year’s Day.

25 February - National Day.

26 February - Liberation Day.

26 February - Mouloud (Birth of the Prophet).

9 July - Al-Esra Wa Al-Meraj (Ascension of the Prophet).

11 September - Eid al-Fitr (End of Ramadan).

17 November - Eid al-Adha (Feast of the Sacrifice).

7 December - Islamic New Year.

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