Kuwait
(Dawlat al-Kuwayt)
Profile:
Kuwait is a rich country, with a high per capita income ($29,940 in 2004), sitting on 9% of world oil reserves. It has bounced back economically from the huge losses caused by the Iraqi invasion and the costs of its contribution to the invasion of Iraq in 2003 and remains a generous aid donor. Kuwait earned around US$19 billion from oil revenues in the 2005/2006 financial year. Foreign reserves and investment income are substantial. The Kuwait stock market has performed well in the last two years. Kuwait is actively promoting itself as a base for foreign investors in Iraq, although with limited success so far. The Government is also looking at wider economic reform, including moving some of the 95% of Kuwaitis who work in the state sector to the private sector.
General Information:
Capital (Government) |
Kuwait City |
Capital (Commercial) |
Kuwait City |
Population |
2.6 million |
Language (local) |
Arabic |
Language (official) |
Arabic, English widely spoken |
Climate |
Dry desert, with great variations in daily temperature. Very hot summers.
Jan (average) 17°C
July (average) 38°C |
Currency (local) |
Kuwaiti Dinar (KWD) |
Exchange Rate (local to $1) |
0.27 |
Exchange Rate (local to £1) |
0.5 |
Exchange Rate (local to 1EURO) |
0.4 |
Cost of Petrol/Gas ($/gallon) |
$0.79/gallon |
Typical cost of an evening meal ($) |
$3.00 |
National Holidays |
25th February (Independence Day)
Religious holidays are variables as they are based on the Islamic Calendar
|
Major Established Companies:
Mobile Telecommunications Company
Kuwait Finance House
National Bank of Kuwait
National Industries Group Holding
5Commercial Bank of Kuwait
Typical fields JobsMiddleEast is recruiting in:
Information Technology
Oil, Gas and Petroleum Industries
Education
Images
Kuwait Towers
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Kuwaiti Refinery
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