Kuwait. 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.
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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.
According to CountryAAH, the population of Kuwait in 2019 was 4,206,972, ranking number 129 in the world. The population growth rate was 1.690% yearly, and the population density was 236.0877 people per km2.