Kuwit ma nepali ko kta ko jagir
Kuwit ma nepali ko kta ko jagir
Oil reserves were discovered in 1938. From 1946 to 1982, the country underwent large-scale modernization. In the 1980s, Kuwait experienced a period of geopolitical instability and an economic crisis following the stock market crash. In 1990, Kuwait was invaded by Iraq. The Iraqi occupation came to an end in 1991 after military intervention by United States-led forces. At the end of the war, there were extensive efforts to revive the economy and rebuild national infrastructure.Kuwait is a constitutional emirate with a high income economy backed by the world's sixth largest oil reserves. The Kuwaiti dinar is the highest valued currency in the world.[6] According to the World Bank, the country has the fourth highest per capita income in the world. The constitution was promulgated in 1962, making Kuwait the most democratic country in the region.From 2001 to 2009, Kuwait had the highest Human Development Index ranking in the Arab world.[10][11][12][13] Only 30% of the population are Kuwaiti citizens, while 70% of the population are expatriates.[14] Kuwait ranks highly in regional metrics of gender equality,[15] as it has the region's highest Global Gender Gap ranking.
In 1613, the town of Kuwait was founded in modern-day Kuwait City. In 1716, the Bani Utubs settled in Kuwait, which at this time was inhabited by a few fishermen and primarily functioned as a fishing village.[19] In the eighteenth century, Kuwait prospered and rapidly became the principal commercial center for the transit of goods between India, Muscat, Baghdad and Arabia.[20][21] By the mid 1700s, Kuwait had already established itself as the major trading route from the Persian Gulf to Aleppo.During the Persian siege of Basra in 1775–79, Iraqi merchants took refuge in Kuwait and were partly instrumental in the expansion of Kuwait's boat-building and trading activities.[23] As a result, Kuwait's maritime commerce boomed.[23] Between the years 1775 and 1779, the Indian trade routes with Baghdad, Aleppo, Smyrna and Constantinople were diverted to Kuwait.[22][24] The East India Company was diverted to Kuwait in 1792.[25] The East India Company secured the sea routes between Kuwait, India and the east coasts of Africa.[25] After the Persians withdrew from Basra in 1779, Kuwait continued to attract trade away from Basra.Kuwait was the center of boat building in the Persian Gulf region.[27][28] During the late eighteenth and nineteenth centuries, vessels made in Kuwait carried the bulk of trade between the ports of India, East Africa and the Red Sea.[29][30][31] Kuwaiti ships were renowned throughout the Indian Ocean.[32] Regional geopolitical turbulence helped foster economic prosperity in Kuwait in the second half of the 18th century.[33] Kuwait became prosperous due to Basra's instability in the late 18th century.[34] In the late 18th century, Kuwait partly functioned as a haven for Basra's merchants, who were fleeing Ottoman government persecution.
In 1613, the town of Kuwait was founded in modern-day Kuwait City. In 1716, the Bani Utubs settled in Kuwait, which at this time was inhabited by a few fishermen and primarily functioned as a fishing village.[19] In the eighteenth century, Kuwait prospered and rapidly became the principal commercial center for the transit of goods between India, Muscat, Baghdad and Arabia.[20][21] By the mid 1700s, Kuwait had already established itself as the major trading route from the Persian Gulf to Aleppo.During the Persian siege of Basra in 1775–79, Iraqi merchants took refuge in Kuwait and were partly instrumental in the expansion of Kuwait's boat-building and trading activities.[23] As a result, Kuwait's maritime commerce boomed.[23] Between the years 1775 and 1779, the Indian trade routes with Baghdad, Aleppo, Smyrna and Constantinople were diverted to Kuwait.[22][24] The East India Company was diverted to Kuwait in 1792.[25] The East India Company secured the sea routes between Kuwait, India and the east coasts of Africa.[25] After the Persians withdrew from Basra in 1779, Kuwait continued to attract trade away from Basra.Kuwait was the center of boat building in the Persian Gulf region.[27][28] During the late eighteenth and nineteenth centuries, vessels made in Kuwait carried the bulk of trade between the ports of India, East Africa and the Red Sea.[29][30][31] Kuwaiti ships were renowned throughout the Indian Ocean.[32] Regional geopolitical turbulence helped foster economic prosperity in Kuwait in the second half of the 18th century.[33] Kuwait became prosperous due to Basra's instability in the late 18th century.[34] In the late 18th century, Kuwait partly functioned as a haven for Basra's merchants, who were fleeing Ottoman government persecution.
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