The number of sovereign wealth funds (SWFs) operating in the Gulf has grown in the decade to 2018. The value of these SWFs – created to invest and manage the huge sums of money flowing into the region from hydrocarbons sales – stood at $2.78trn in mid-2018, according to the SWF Institute (SWFI), representing 35.6% of the global total.
As a founding member of the Organisation of the Petroleum Exporting Countries (OPEC) as well as the site of approximately 7% of the world’s crude oil reserves, Kuwait has long been a major energy exporter. In 2017 the nation’s oil sector generated more than 90% of government revenues, and oil exports were equal to some 42% of GDP, the highest...
Our national march, which urges the pursuit of comprehensive sustainable development, is confronted by external dangers and difficult internal challenges.
As a member of both the Organisation of the Petroleum Exporting Countries (OPEC) and the GCC, Kuwait has various strategic ties. Additionally, the country is arguably the most politically dynamic in the Gulf, which has afforded it strong foundations to help tackle recent issues regarding parliamentary elections and accountability.
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As a founding member of the Organisation of the Petroleum Exporting Countries (OPEC) as well as the site of approximately 7% of the world’s crude oil reserves, Kuwait has long been a major energy exporter. In 2017 the nation’s oil sector generated more than 90% of government revenues, and oil exports were equal to some 42% of GDP, the highest figure among member states, according to OPEC data...
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