Kuwait Location : Middle East, bordering the Persian Gulf, between Iraq and Saudi Arabia Capital City : Kuwait Curreny : Kuwaiti dinar (KD) Languages Spoken : Arabic (official), English widely spoken Climate : dry desert; intensely hot summers; short, cool winters National Holiday : National Day, 25 February (1950) Background Information Kuwait was attacked and overrun by Iraq on 2 August 1990. Following several weeks of aerial bombardment, a US-led UN coalition began a ground assault on 23 February 1991 that completely liberated Kuwait in four days. Kuwait has spent more than $5 billion to repair oil infrastructure damaged during 1990-91. Geographical Note strategic location at head of Persian Gulf Economy Kuwait is a small, rich, relatively open economy with proved crude oil reserves of 94 billion barrels - 10% of world reserves. Petroleum accounts for nearly half of GDP, 90% of export revenues, and 75% of government income. Kuwait's climate limits agricultural development. Consequently, with the exception of fish, it depends almost wholly on food imports. About 75% of potable water must be distilled or imported. Higher oil prices put the FY99/00 budget into a $2 billion surplus. The FY00/01 budget covers only nine months because of a change in the fiscal year. The budget for FY01/02 envisioned higher expenditures for salaries, construction, and other general categories. Kuwait continues its discussions with foreign oil companies to develop fields in the northern part of the country. Religions Muslim 85% (Sunni 70%, Shi'a 30%), Christian, Hindu, Parsi, and other 15% Ports : Ash Shu'aybah, Ash Shuwaykh, Kuwait, Mina' 'Abd Allah, Mina' al Ahmadi, Mina' Su'ud International Disputes - Risks to travellers : in November 1994, Iraq formally accepted the UN-demarcated border with Kuwait which had been spelled out in Security Council Resolutions 687 (1991), 773 (1993), and 883 (1993); this formally ends earlier claims to Kuwait and to Bubiyan and Warbah islands, although the Iraqi Government continues periodic rhetorical challenges
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Kuwait
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