Yearbook 2019
Kuwait. According to
CountryAAH, Kuwait is hit with a troublesome budget deficit,
which has been going on since 2014 when oil prices began to
fall - almost 90% of the state's revenue comes from the oil.
Nevertheless, Kuwait has a saved capital worth US $ 600
billion. However, the growth forecast for the future looks
better: 2.5% growth until March 2020.
Corruption charges forced the government to resign in
November. According to the country's defense minister, large
sums intended for the defense must have been defaced.
However, this should have happened in 2017, before the
defense minister himself took office.
The British BBC revealed in November another scandal
linked to Kuwait, where women can be bought and sold via
apps on Google Play and Apple's App Store, such as
Instagram. In this modern slave market one can find, among
other things, a housekeeper. In Kuwait there are a number of
guest workers, including from the Philippines.
In September, the telecommunications giant Ericsson
announced that it would set aside SEK 12 billion for
upcoming fines in a bribery investigation involving
violations of US corruption laws in six countries, including
Ericsson's business in Kuwait.
In collaboration with China, a 36-kilometer-long bridge
system was opened in early May from the capital Kuwait City
to the prospective free trade area of Silk City.
Kuwait City
Kuwait City, the capital of Kuwait; 637,400 residents (2014), 2.3 million in
the metropolitan area. The city is located on the Gulf of Kuwait at the upper
end of the Persian Gulf and is the small emirate's traffic hub and financial
center. During Iraq's 1990-91 occupation, smaller parts of the city were
destroyed, but quickly rebuilt. The city has since undergone rapid development.
The Moesgaard Museum at Aarhus assisted at the museum's original
establishment, and thanks to a copy of the museum registrar here, it has been
possible to accurately calculate the damage and recover the stolen items. Among
the city's few attractions, moreover, is the White Parliament Building (1983),
designed by Jørn Utzon.
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