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Kuwait Investment Office
The Kuwait Investment Authority (KIA) is Kuwait's sovereign wealth fund, managing the state’s reserve and the state’s future generation fund (FGF). Founded in 1953, the KIA is the world's oldest sovereign wealth fund. As of April 2022, it was the world's 3rd largest sovereign wealth fund with US$738 billion in assets under management. History and profile KIA was founded on 23 February 1953 to manage the funds of the Kuwaiti Government in light of financial surpluses after the discovery of oil. KIA is the world's oldest sovereign wealth fund. KIA manages the Kuwait General Reserve Fund, the Kuwait Future Generations Fund, as well as any other assets committed by the Ministry of Finance. To put KIA's size into perspective, the Kuwait Future Generations Fund has 15% of annual oil revenues added to it. KIA's board of directors is headed by the minister of finance with other seats allocated to the Energy Minister, Governor of the Central Bank of Kuwait Central is an adj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Asimah Governorate (Kuwait)
The Capital Governorate ( ), sometimes referred to as Al Kuwayt, is one of the six governorates of Kuwait. It comprises the historic core of Kuwait City, industrial and port areas such as Shuwaikh Port, Shuwaikh and Doha Port (Kuwait), Doha Port, and several offshore islands. It consists of the following Areas of Kuwait, areas: *Abdullah Al-Salem عبدالله السالم *Adiliya العديلية *Bneid Al-Qar بنيد القار *Al Da'iya الدعية *Al Dasma الدسمة *Al Faiha الفيحا *Faylakah (consisting of the islands of Failaka Island, Failaka, Miskan Island, Miskan, and Auhah Island, Auhah) *Jaber Al-Ahmad, Kuwait City, Jaber Al-Ahmad جابر الاحمد *Jibla, Kuwait, Jibla *Kaifan كيفان *Al-Khalidiya, Kuwait City, Khaldiya *Mansouria, Kuwait, Al Mansouriah المنصورية *Mirgab, Murgab المرقاب *Al-Nuzha النزهة *Al-Qādisiyyah (city in Kuwait), Al Qadisiya القادسية *Qurtoba District, Qurtoba قرطبة *Rawdah الروضة ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Kuwait)
Ministry of Finance is one of the governmental bodies of Kuwait and part of the cabinet. It is concerned with the executive general administration of public financial affairs in the State of Kuwait. The current minister is Abdulwahab Al-Rushaid. History and profile On 2 July 1938, the Financial Department was established in Kuwait. It dealt with the financial policies of the country until 1962 when the department was reorganized under the name of the ministry of finance and economy. In 1963 it was reshaped and named as ministry of finance and industry. Then the body was renamed as the ministry of finance and oil in 1965 and dealt with finance- and oil-related policies until April 1975 when the ministry of oil was established. At the same time the ministry was reorganized under the current name, the ministry of finance in 1975. The ministry extensively dealt with land purchases and comprehensive infrastructure projects. In 1982 Public Investment Authority was established and at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuwait
Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the north and Saudi Arabia to the south. Kuwait also shares maritime borders with Iran. Kuwait has a coastal length of approximately . Most of the country's population reside in the urban agglomeration of the capital city Kuwait City. , Kuwait has a population of 4.45 million people of which 1.45 million are Kuwaiti citizens while the remaining 3.00 million are foreign nationals from over 100 countries. Historically, most of present-day Kuwait was part of ancient Mesopotamia. Pre-oil Kuwait was a strategic trade port between Mesopotamia, Persia and India. Oil reserves were discovered in commercial quantities in 1938. In 1946, crude oil was exported for the first time. From 1946 to 1982, the country underwent large-scale modernization, largely b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Kuwait
Kuwait is an emirate with a political system consisting of an appointed judiciary, appointed government (dominated by the Al Sabah ruling family), and nominally elected parliament. Executive branch The Constitution of Kuwait was approved and promulgated on 17 November 1962. Government The prime minister chooses the cabinet of ministers, which form the government. The prime minister is a member of the ruling family and is appointed by the Emir. Emir The Emir's powers are defined by the 1961 constitution. These powers include appointing the prime minister, who in turn chooses the cabinet of ministers (government). Upon the death of the Emir, the crown prince succeeds. Judicial branch The judiciary in Kuwait is not independent of the government, the Emir appoints all the judges and many judges are foreign nationals from Egypt. In each administrative district of Kuwait, there is a Summary Court (also called Courts of First Instance which are composed of one or more divisions, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Oil (Kuwait)
The Ministry of Oil is one of the governmental bodies of Kuwait and part of the cabinet. History and profile The production and export of oil in Kuwait were among the responsibilities of Kuwait's finance department until 1962 when the department was reorganized under the name of the ministry of finance and oil. Then the body was renamed as the ministry of finance and economy and dealt with oil-related policies until April 1975 when the ministry of oil was established. The ministry was established to protect the state’s natural resources along with two other major public bodies, namely the Supreme Petroleum Council and the Kuwait Petroleum Corporation. The ministry is headquartered in Kuwait City.State of Kuwait Ministry of Oil ''OpenEI'' Retrieved 24 November 2013 In 1986 the ministry was separated from th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Kuwait
Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as Middle Africa * Central America, a region in the centre of America continent * Central Asia, a region in the centre of Eurasian continent * Central Australia, a region of the Australian continent * Central Belt, an area in the centre of Scotland * Central Europe, a region of the European continent * Central London, the centre of London * Central Region (other) * Central United States, a region of the United States of America Specific locations Countries * Central African Republic, a country in Africa States and provinces * Blue Nile (state) or Central, a state in Sudan * Central Department, Paraguay * Central Province (Kenya) * Central Province (Papua New Guinea) * Central Province (Solomon Islands) * Central Province, Sri Lank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gate Of Europe
The Gate of Europe towers ( es, Puerta de Europa, - Door of Europe-), also known as KIO Towers (''Torres KIO''), are twin office buildings near the Plaza de Castilla in Madrid, Spain. The towers have a height of and have 26 floors. They were constructed from 1989 to 1996. The Puerta de Europa is the second tallest twin towers in Spain after the Torres de Santa Cruz in Santa Cruz de Tenerife. The Gate of Europe towers were designed by the American architects Philip Johnson and John Burgee, built by Fomento de Construcciones y Contratas and commissioned by the Kuwait Investment Office (hence their initial name "''Torres KIO''" or "KIO Towers"). Leslie E. Robertson Associates, RLLP New York (LERA) provided structural engineering services. Each building is 115 m tall with an inclination of 15°, making them the first inclined skyscrapers in the world. They are located near the Chamartín railway station, on the sides of the Plaza de Castilla bus station, north from the Pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Kuwait
The economy of Kuwait is a wealthy petroleum-based economy. Kuwait is one of the richest countries in the world."GDP per capita, PPP (current international $)", World Development Indicators database World Bank. Database updated on 14 April 2015. The is the highest-valued unit of currency in the world. According to the , Kuwait is the fifth richest country in the world by [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1953 Establishments In Kuwait
Events January * January 6 – The Asian Socialist Conference opens in Rangoon, Burma. * January 12 – Estonian émigrés found a government-in-exile in Oslo. * January 14 ** Marshal Josip Broz Tito is chosen President of Yugoslavia. ** The CIA-sponsored Robertson Panel first meets to discuss the UFO phenomenon. * January 15 – Georg Dertinger, foreign minister of East Germany, is arrested for spying. * January 19 – 71.1% of all television sets in the United States are tuned into ''I Love Lucy'', to watch Lucy give birth to Little Ricky, which is more people than those who tune into Dwight Eisenhower's inauguration the next day. This record has yet to be broken. * January 20 – Dwight D. Eisenhower is sworn in as the 34th President of the United States. * January 24 ** Mau Mau Uprising: Rebels in Kenya kill the Ruck family (father, mother, and six-year-old son). ** Leader of East Germany Walter Ulbricht announces that agriculture wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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