|
|
NEWS
& EVENTS: |
|
|
|
|

|
|
|
Kuwait is Islamic constitutional monarchy
in southwestern Asia, located at the northwestern
tip of the Arabian Gulf. The country is
bordered on the north and west by Iraq,
on the south and west by Saudi Arabia
and on the east by the Arabian Gulf. The
capital is Kuwait city.
|
|
General
Information About Kuwait
|
Kuwait has attracted the attention
and admiration of the modern world
because of its strategic position,
its oil wealth estimated at around
100 billion barrels, its open foreign
relations, its authentic democratic
way of life, and its openness towards
other cultures and civilizations
without neglecting its deep-rooted
heritage. Its people are well known
for their profound knowledge of
maritime affairs, and their business
acumen has given them an important
position among nations and peoples.
|
|
Official
Name: The State of Kuwait
|
 |
Official
Language: Arabic
|
Religion:
Islam is the official religion of
the State
|
Emblem of
the State: A falcon with
its wings spread, embracing a ship
(a boom) floating on white and blue
waves (in memory of Kuwait's seafaring
past).
|
|
|
Official
Holidays
|
| • |
National Day:
25 February each year. |
| • |
Liberation
Day: 26 February each year. (This
was celebrated by Kuwaitis for
the first time in 1961, after
the forces of the international
alliance liberated Kuwait and
drove the Iraqi occupation forces
outside Kuwait's international
borders). |
|
Official
Weekly Holidays: Thursday
and Friday every week for the Government
sector.
|
Official
Working Hours: 7.30 a.m.
to 2.30 p.m.
|
Official
Currency: The Kuwaiti Dinar
(US$1.00 = 0.305 Dinar).
|
|
| National
Flag: |
The flag was raised for the first
time after independence on the morning
of 24 November 1961. It is a horizontal
rectangle, whose length is twice
its width, divided into three equal
horizontal sections. The top one
of which is green, then white, then
red, enclosing a black semi-trapezium
whose larger base is the left edge
of the flag for its full width,
while its smaller base is equal
to the width of the white section,
and its height is one quarter of
the length of the flag.
|
 |
|
| Location |
 |
The State of Kuwait is located
at the northwestern end of the Arabian
Gulf, which adjoins it to the east.
To the south and west the Republic
of Iraq borders it by the Kingdom
of Saudi Arabia, and to the north
and west. Because of its position,
it is regarded as the northeastern
gateway of the Arabian Peninsula.
|
|
| Weather |
Kuwait's continental climate is
characterized by a long, hot, dry
summer and a short, warm and sometimes
rainy winter. There are usually
winds that stir up the dust in the
summer months, and the humidity
level rises. Temperatures in the
summer months reach an average of
44 degrees centigrade, but they
rise to 49 degrees on some days.
The lowest average temperature can
fall to 23 degrees. In winter, the
average temperature is 15 degrees
in the daytime, and can fall to
3 degrees at night. Average humidity
is 42%, although it can reach 95%
or even 100% on some summer days,
particularly if there are southeasterly
winds.
Rainfall in Kuwait is slight, ranging
between 110 and 121 millimeters,
most of which falls between November
and April. It varies from one area
to another.
|
|
| History
of Kuwait |
Modern Kuwait began more than 300
years ago when the country emerged
as an independent political entity
under the rule of the present Al-
Sabah family.
|
|
| International
Recognition |
Though Kuwait had been an independent
political entity for more than two
centuries, it gained international
recognition as a sovereign state
when, in June 1961, a new Treaty
of Friendship replaced the Treaty
of 1899 with Britain. A few weeks
later Kuwait joined the Arab League.
In 1963, the country became a member
of the United Nations
|
|
| System
of Government |
Since the declaration of independence,
the Kuwaitis have chosen democracy
and consultation as the basis of
government. A few months after the
declaration of independence, Law
1/1962 was promulgated, establishing
a Constituent Assembly to prepare
a constitution for a system of government
based on democratic principles.
Elections were held on 6 January
1962, in which twenty members were
elected to the Constituent Assembly.
Together with eleven ministers who
formed the executive authority,
they drew up the Constitution of
the State of Kuwait. The first written
constitution in the region was ratified
on 11 November 1962. The constitution
contained 183 articles in five chapters
dealing with the State, the System
of Government, the Basic Components
of Kuwaiti Society, Public Rights
and Duties, and General and Temporary
Powers and Regulations.
According to Article 1 of the Constitution,
Kuwait is an independent and completely
sovereign Arab state, whose sovereignty
and all parts of its territory are
inalienable, whose religion is Islam
and whose official language is Arabic.
It is a hereditary emirate ruled
by the descendants of Mubarak Al-Sabah,
whose Crown Prince is appointed
by an Amiri Order on the basis of
the recommendation of the Amir and
a pledge of allegiance by the National
Assembly with the agreement of the
majority of its members. In the
event that he is not appointed in
the aforementioned manner, the Amir
recommends at least three descendants
of Sheikh Mubarak, and the National
Assembly pledges allegiance to one
of them as Crown Prince. This means
that the members of the parliament,
who are directly elected by those
registered on the electoral rolls,
have had considerable power in choosing
their Amir since the Constitution
came into force. This is not usually
a feature of hereditary systems
of government. The system of government
in Kuwait is democratic, and sovereignty
belongs to the people, the source
of all authority.
|
|
| Head
of State |
The Amir of the country, Sheikh
Jaber Al-Ahmad Al-Sabah, has been
the Head of State since he became
Amir on 31 December 1977. He is
the thirteenth ruler of the State
of Kuwait. The personality of the
Amir is protected and may not be
harmed. He has the right to declare
a defensive war as Commander in
Chief of the Armed Forces, while
aggressive war is forbidden.
|
|
| Amirs
of Kuwait were: |
Sheikh Sabah Ibn Jaber (Sabah I)
who died in 1776. Historians differ
on when his reign began.
|
| • |
Sheikh Abdullah
Ibn Sabah (1776-1814) |
| • |
Shiekh Jaber
Ibn Abdullah (1814-1859) |
| • |
Sheikh Sabah
Ibn Jaber (1859-1866) |
| • |
Sheikh Abdullah
Ibn Sabah (1866-1892) |
| • |
Sheikh Mohammed
Ibn Sabah (1892-1896) |
| • |
Sheikh Mubarak
Al-Sabah (Mubarak the Great -
1896-1915) |
| • |
Sheikh Jaber
Al-Mubarak Al-Sabah(1915-1917) |
| • |
Sheikh Salim
Al-Mubarak Al-Sabah (1917-1921) |
| • |
Sheikh Ahmad
Al-Jaber Al-Sabah (1921-1950) |
| • |
Sheikh Abdullah
Al-Salim Al-Sabah (1950-1965) |
| • |
Sheikh Sabah
Al-Salim Al-Sabah (1965-1977) |
|
 |
| The Amir
and the national Assembly exercise legislative
authority, and he exercises executive
authority with the Council of Ministers
(cabinet) and the Ministers. Judicial
authority is exercised by the courts
in the name of the Amir. |
|
| Economy |
The Kuwaiti economy is 90% dependent
on oil revenues, while earnings
from foreign investments and other
economic activities cover the remainder.
According to Law 63/1999 on the
opening of additional credit in
the budget of ministries and government
departments, the budget of financial
year1999/20000 totaled 4.295 billion
Kuwaiti dinars (approximately $14.17
billion). It was anticipated that
there would be a deficit totaling
2.163 billion dinars (approximately
$7.13 billion). This deficit is
expected to disappear by the end
of the year after the rise in oil
prices.
|
|
| Kuwait
Oil Company |
 |
The Kuwait Oil Company
was established as a joint venture
between the National Petroleum
Company and Gulf Oil early
in December 1933. It signed an
oil exploration concession with
the then ruler of Kuwait, Sheikh
Ahmad Al-Jaber Al-Sabah, on 23
December 1934. On 22 February
1938 it made its first discovery
of oil in commercial quantities,
in a field, which is still producing
to this day. Production began
in 1946, and Sheikh Ahmad Al-Jaber
inaugurated the first export shipment
of Kuwaiti crude oil on 30 June
1946. Exploratory drilling continued
in Muqawa, Ahmadi, Rawdatain,
Managish and Umm Qadir.
In 1949 the Southern Pier, the
largest pier of its kind in the
world, extending 1,200 meters
out to sea, was built to enable
eight ships to be loaded simultaneously.
Kuwait's oil production is 1.836
million barrels a day (b/d) according
to the quota agreed at the OPEC
Oil Ministers' meetings, while
its productive capacity is estimated
at around 2,4 million b/d.
Its oil reserves are estimated
at about 100 billion barrels,
which is nearly 10% of total world
reserves estimated at 1051.7 billion
barrels at the end of 1988.
The oil sector in Kuwait is supervised
by the Supreme Petroleum Council,
whose Chairman is First Deputy
Prime Minister and Foreign Minister
Sheikh Sabah Al-Ahmad Al-Jaber.
The Ministry of Oil draws up and
implements oil policy through
the national Kuwait Petroleum
Corporation (KPC), which was founded
in 1980, and its subsidiaries
the Kuwait Oil Company, the Kuwait
National Petroleum Company, the
Kuwait Oil Tanker Company, and
the Petrochemical Industries Company.
To cope with the expansion of
its external operations, KPC established
three other subsidiaries, namely:
|
| • |
Kuwait Foreign
Petroleum Exploration Company
KUFPEC), founded in April 1981 |
| • |
Kuwait Petroleum
International (KPI), founded in
1983 |
| • |
Santa Fe International
Holdings (Cayman) |
|
| In 1987 the Kuwait
Aviation Fuelling Company became a subsidiary
of KPC. |
|
| Industry |
At the forefront of activities
in this sector is industry based
on oil products, electricity generation
and desalination, food industries,
wood industries, clothing, and others.
The State offers several incentives
to support the industrial sector
through:
|
| • |
Soft loans extended
by the Industrial Bank of Kuwait, |
| • |
The land needed
to establish projects at very
cheap rents and prices. |
| • |
Participation
in capital. |
| • |
Offering basic
services like electricity and
water at reduced prices. |
| • |
Encouraging government
agencies to give preference to
local products if they are of
the quality needed. |
| • |
Waiving taxes
on industrial activities. |
| • |
The support offered
by the Kuwaiti Company for the
Development of Small Projects. |
|
 |
The Petrochemical
Industries Company and Union
Carbide agreed in 1995 to establish
the $2 billion Equate project to
build one of the largest petrochemical
complexes in the world. It was established
in the Shuaiba area, and operations
began more than two and a half years
ago.
A study presented to the first
conference for industrialists in
April 1999 revealed that a total
of about 44,000 Kuwaitis (25% of
the Kuwaiti labor force and about
4% of the overall labor force in
the country) work in the industrial
sector.
|
|
| Banking
and Finance |
This sector contains eight banks,
one of which (the Kuwait Finance
House) operates according to principles
of Islamic law. They are:
|
| • |
The National
Bank of Kuwait, founded on 19
May 1952 |
| • |
The Gulf Bank,
founded on 23 November 1960 |
| • |
The Commercial
Bank of Kuwait, founded on 19
June 1960 |
| • |
Alahli
Bank of Kuwait, founded on 23
May 1967 |
| • |
Bank of Kuwait
and the Middle East, founded on
27 January 1971 |
| • |
The Kuwait Real
Estate Bank founded on 13 May
1973 |
| • |
Burgan Bank,
founded on 27 December 1975 |
| • |
The Kuwait Finance
House, founded on 23 March 1977. |
|
All these banks have sound financial
positions and personnel noted for
their expertise. Many of these banks
engage in investment activity outside
Kuwait through investment funds
and portfolios, which have achieved
good results so far. This sector
also includes 23 investment companies
and 24 money-changing firms, all
of them registered with the Central
Bank of Kuwait and subject to its
supervision as "the bank of banks".
|
|
| "Reserve
for Future Generations" |
Kuwait has established a special
account known as the "Reserve for
Future Generations", to which 10%
of oil revenues are transferred
each year. Before the Iraqi invasion
of the State of Kuwait, this reserve
contained $100 billion, but since
a large part of this had to be used
for the costs of the war to liberate
Kuwait and postwar reconstruction,
it shrank to about $35 billion.
The present size of the Reserve
for Future Generations is estimated
at $45-50 billion.
|
|
| Kuwait
Stock Exchange |
The Kuwait Stock Exchange is regarded
as one of the major stock exchanges,
and its market value is estimated
at around $30 billion. It has seen
record levels of activity at some
times, although it is at present
suffering from a decline in its
index and in the volume and value
of dealings, in anticipation of
new laws related to foreign investment
and other laws, whose adoption will
result in new liquidity in the market.
Kuwait's currency (the Dinar) has
a free exchange rate, and the government
does not intervene to determine
its price. Nevertheless it is strong
and stable against other world currencies.
|
|
| Kuwait
University |
 |
Kuwait University was established
in 1966, to help meet the country's
needs for doctors, teachers, lawyers,
economists and other skilled professionals,
and also to enable foreign residents
and students from other Gulf countries
to have the benefits of a university
education. It was the first university
to be established in an Arab Gulf
state. Courses began there in the
academic year 1966-67 with a teaching
staff of 31, and 418 students studying
in a combined Faculty of Science,
Letters, and Education.
The university expanded rapidly,
with the addition of new faculties.
In1967, when the university was
still only a year old, Faculties
of Law and Sharia (Islamic Law),
Commerce, Economics and Political
Science were opened. In 1971 the
Faculties of Science, Letters and
Education were separated from each
other, the Faculty of Medicine was
established in 1973, the Faculty
of Engineering and Petroleum in
1974 and the Faculty of Higher Studies
in 1977. A separate Faculty for
Sharia and Islamic Studies was set
up in 1981, and the following year
saw the establishment of centers
for Civil Engineering and Medical
Science. Faculties of Pharmacy and
Dentistry were founded in 1996.
In the academic year 1993-94, 40%
of graduates were in scientific
subjects and 60% in humanities.
Kuwait University pays particular
attention to studies of Islamic
and Arab civilization and the Arabian
Peninsula and the Gulf, and establishes
cultural and professional links
with other regional and international
universities and institutes of learning.
The State of Kuwait is eager to
encourage culture, through public
libraries, the activities of the
National Council for Culture, the
Arts and Literature and its various
subsidiary bodies, or through the
activities of other institutions.
There are public libraries throughout
Kuwait, offering hundreds of thousands
of books, periodicals and reference
works to their readers. There is
a well-stocked central library,
which occupies the Mubarakiya School
building (the first school established
in Kuwait).
The Higher Institute of Theatrical
Arts and the Higher Institute of
Music work to spread the arts of
the theatre and music, hold special
performances and graduate students,
thus helping to raise the standards
of taste in these arts.
The National Council, which was
established in 1973, supervises
the publication of the World Theatre,
World Culture, World of Knowledge,
World of Thought and World Creativity
series of books. It also organizes
an annual cultural festival known
as the Qurain Cultural Festival,through
which orchestras and artists from
Kuwait, the Arab World and other
countries present examples of their
creativity to the public.
|
|
| Literature |
The festival also includes an intellectual
or cultural seminar, which deals
with some subject and is a true
embodiment of intellectual variety
and respect for opinion and counter-opinion.
Kuwaitis contribute a fair amount
to Arab literary, cultural and intellectual
output. Two Kuwaiti novels have
won appreciation in Arab literary
circles and were chosen among the
hundred best Arabic novels in the
twentieth century.
Kuwait has also produced a number
of films which have had a good response
in the Arab World, including "Enough,
You Sea", "Silence", The Wedding
of the Beautiful", and "Shahin",but
a full-fledged cinema industry has
not yet developed in Kuwait.
|
|
| Newspapers |
There are many daily Arabic newspapers
in Kuwait, Al-Watan, Al-Qabas and
Al-Siyassah, and two English-language
newspapers, The Arab Times and The
Kuwait Times as well as dozens of
weekly, monthly and quarterly magazines
and periodicals. The press in Kuwait
enjoys a wide margin of freedom.
In the event that any of them is
suspended temporarily from publication,
its owners turn to the judiciary
to judge between them and whoever
took the decision to suspend them,
which is a rare occurrence.
Because of its professional distinction
and the freedom it enjoys, the press
in Kuwait, which is all privately
owned, has a high degree of credibility
in the Arab region and the world.
|
|
| Radio
and Television |
Radio and television in Kuwait
are both government-owned. They
are under the authority of the Ministry
of Information, although this not
prevents them from dealing with
local and foreign questions of interest
with a high degree of objectivity.
Nevertheless, Kuwaitis do not hesitate
to criticize institutions subject
to the Ministry of Information.
|
|
| Magazines |
The Ministry publishes two magazines,
Al-Arabi and Al-Kuwait, which concern
themselves with thought-provoking
issues and cultural and heritage
subjects.
|
|
|
|
| |
|