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Kuwait’s economy is famously based on its natural resources, including 8.2% of the world’s oil reserves and around 1% of global gas reserves. The economy is therefore inextricably linked to the price of oil and will remain so for the medium term at least. However, in recent times oil revenues have surged, and together with strong public finances and a young and growing population, the country’s...

The banking sector continues to follow conservative lending policies as it returns to pre-downturn strength. Thanks to the adroit response of both the government and the central bank, however, the sector is emerging from a challenging period, ready to grow with the wider economy once again. Indeed, limited competition from foreign banks has helped establish Kuwait’s domestic banking system as one...

With only 3m inhabitants in an area larger than Western Europe, the country has long been known for its unique nomadic culture. Nearly half of all Mongolians still make their living as herders on the steppe, although many have migrated in recent decades to Ulaanbaatar, which hosts a third of the population. Mongolia became a Soviet Union satellite after its former ruler, the Chinese Qing dynasty...

Kuwait is widely regarded as a leader of Arab democracy within the Gulf region and a forerunner of political reform in a conservative neighbourhood. Recent years have seen a great deal of progress: in 2005 a law was passed giving women the right to vote and run in elections for the national assembly. Political participation is high, with the 2009 elections seeing a voter turnout of around 60%....

This section includes information about Kuwait’s history, geography, culture, religion, population, education sector, language, natural resources and climate.