The Ministry of Information regulates the media industry in Kuwait. The shamal, a northwesterly wind common during June and July, causes dramatic sandstorms. Archived from the original on 29 November Kuwait is consistently ranked at the top among nations that have the highest per capita income in the world, and is also considered to be one of the most advanced countries in the Middle East with the best Human Development Index ranking among the Arab nations.
Through the use of leverage you can hold larger positions than the preliminary deposit at only a fraction of the cost. Al-Shuaib offers leverage of up to Needless to say that increased leverage magnifies losses as well as gains. However it is to be noted that markets can also move against you and losses can exceed your initial deposit due to sudden fluctuations in price.
Forex is known to be an over-the-counter OTC market-therein transactions are not carried out through any centralized exchange. It is settled "on the spot", unlike at a set date in the future.
It implies that unlike any other financial markets, investors can instantly react to volatility in prices generated by economic, political and social changes. Due to the huge oscillation in prices that currency markets offer there is never a dearth of trading opportunities. The forex market is ongoing 24 hours a day, 5 days a week.
Trading will be uninterrupted between the set trading hours for all currency pairs. In other financial markets it can be difficult to sell short but there are no hindrances on shorting currencies subject to available liquidity in the currency trading market. If you think a currency will go up, buy it. If you think it will fall, sell it. A "bear market" in forex is a misnomer as you can make profits or losses any time. Trading accounts are made up of minimal, competitive commissions and super-tight spreads.
You get access to the direct quotes from our liquidity providers with no hidden mark-ups. So if you want to invest elsewhere, forex gives you the much-needed exposure and ability to seize available opportunities minus any hiccups like foreign securities regulations or financial statements in a different tongue. Get acquainted with key trading terms that will add to your understanding of the markets and help you in making well-informed trading choices.
To put it very simply, Forex trading involves the simultaneous buying of one currency and the selling of another currency. If you have ever travelled overseas you have participated in a forex transaction by default.
While travelling to another country you have bought its currency either in a bank or at a currency exchange to cover your travel expenses. Through your forex transaction, you have contributed to the aggregate trading volume of the forex market which amounts to USD 5. The Forex market also known as the foreign exchange market or FX market is the largest financial market in the world.
Trading of currencies through a brokerage firm with the motive of earning profits can be called a more logical and organized method of trading forex. Kuwait's media is annually classified as "partly free" in the Freedom of Press survey by Freedom House. Kuwait produces more newspapers and magazines per capita than its neighbors. The Ministry of Information regulates the media industry in Kuwait. Kuwait has 15 satellite television channels, of which four are controlled by the Ministry of Information.
State-owned Kuwait Television KTV offered first colored broadcast in and operates five television channels. Kuwait is a constitutional emirate with a semi-democratic political system.
The hybrid political system is divided between an elected parliament and appointed government. The Constitution of Kuwait was promulgated in Kuwait is among the Middle East's freest countries in civil liberties and political rights.
In contrast to other states in the region, the political process largely respects constitutional provisions. Kuwait has a robust public sphere and active civil society with political and social organizations that are parties in all but name.
The National Assembly is the legislature and has oversight authority. The National Assembly consists of fifty elected members, who are chosen in elections held every four years. Since the parliament can conduct inquiries into government actions and pass motions of no confidence, checks and balances are robust in Kuwait. Executive power is executed by the government. The Emir appoints the prime minister, who in turn chooses the ministers comprising the government. According to the constitution, at least one minister has to be an elected MP from the parliament.
The parliament is often rigorous in holding the government accountable , government ministers are frequently interpellated and forced to resign. The judiciary is nominally independent of the executive and the legislature, and the Constitutional Court is charged with ruling on the conformity of laws and decrees with the constitution.
Kuwaiti women outnumber men in the workforce. Political groups and parliamentary voting blocs exist, although most candidates run as independents.
Once elected, many deputies form voting blocs in the National Assembly. Kuwaiti law does not recognize political parties. Kuwait follows the " civil law system " modeled after the French legal system,    Kuwait's legal system is largely secular.
For the application of family law , there are three separate court sections: Sunni , Shia , and non-Muslim. According to the United Nations , Kuwait's legal system is a mix of English common law , French civil law , Egyptian civil law and Islamic law.
The court system in Kuwait is secular. Human rights in Kuwait has been the subject of criticism, particularly regarding foreign workers' rights. The kafala system leaves foreign workers prone to exploitation. Kuwait has the most liberal labor laws in the GCC. Foreign affairs relations of Kuwait is handled at the level of the Ministry of Foreign Affairs. The first foreign affairs department bureau was established in Kuwait became the th member state of the United Nations in May Kuwait is also a major ally of ASEAN , while enjoying good relationship with China , establishing cooperation model in numerous fields.
The Military of Kuwait traces its original roots to the Kuwaiti cavalrymen and infantrymen that used to protect Kuwait and its wall since the early s. These cavalrymen and infantrymen formed the defense and security forces in metropolitan areas; charged with protecting outposts outside the wall of Kuwait. The Military of Kuwait consists of several joint defense forces. The Emir of Kuwait is the commander-in-chief of all defense forces by default. Even in the most adverse of all times such as a war, even the military is not allowed to make a single move without the Emir's consent.
Kuwait is divided into six governorates. The governorates are further subdivided into areas. Located in the north-east corner of the Arabian Peninsula , Kuwait is one of the smallest countries in the world in terms of land area. The flat, sandy Arabian Desert covers most of Kuwait. Kuwait has nine islands , all of which, with the exception of Failaka Island , are uninhabited.
Kuwait's Burgan field has a total capacity of approximately 70 billion barrels 1. During the Kuwaiti oil fires , more than oil lakes were created covering a combined surface area of about Sand and oil residue had reduced large parts of the Kuwaiti desert to semi-asphalt surfaces. The spring season in March is warm with occasional thunderstorms. The frequent winds from the northwest are cold in winter and hot in summer. Southeasterly damp winds spring up between July and October.
Hot and dry south winds prevail in spring and early summer. The shamal, a northwesterly wind common during June and July, causes dramatic sandstorms. The highest recorded temperature was In response to Kuwait becoming the th signatory of the Ramsar Convention , Bubyan island's Mubarak al-Kabeer reserve was designated as the country's first Wetland of International Importance. More than species of birds were recorded in Kuwait, 18 species of which breed in the country.
Kuwait's marine and littoral ecosystems contain the bulk of the country's biodiversity heritage. Kuwait does not have any permanent rivers. It does have some wadis , the most notable of which is Wadi Al-Batin which forms the border between Kuwait and Iraq. Kuwait relies on water desalination as a primary source of fresh water for drinking and domestic purposes.
The history of desalination in Kuwait dates back to when the first distillation plant was commissioned. In , the Kuwaiti government commissioned the Swedish engineering company of VBB Sweco to develop and implement a plan for a modern water-supply system for Kuwait City. The company built five groups of water towers , thirty-one towers total, designed by its chief architect Sune Lindström , called "the mushroom towers".
This last group, known as Kuwait Towers , consists of three towers, two of which also serve as water towers. The thirty-three towers have a standard capacity of , cubic meters of water. Kuwait's fresh water resources are limited to groundwater, desalinated seawater, and treated wastewater effluents.
Kuwait has a petroleum -based economy, petroleum is the main export product. The Kuwaiti dinar is the highest-valued unit of currency in the world. In the past five years, there has been a significant rise in entrepreneurship and small business start-ups in Kuwait.
Kuwait is a major source of foreign economic assistance to other states through the Kuwait Fund for Arab Economic Development , an autonomous state institution created in on the pattern of international development agencies. In , the fund's lending mandate was expanded to include all developing countries in the world. According to the constitution, all natural resources in the country are state property. Kuwait currently pumps 2. The KIA is the world's oldest sovereign wealth fund.
Kuwait has a leading position in the financial industry in the GCC; the abyss that separates Kuwait from its Persian Gulf neighbors in terms of tourism, transport, and other measures of diversification is absent in the financial sector. The historical preeminence of Kuwait among the Persian Gulf monarchies in finance dates back to the founding of the National Bank of Kuwait in Kuwait has a large wealth-management industry that stands out in the region.
In recent years, Kuwaiti investment companies have invested large percentages of their assets abroad, and their foreign assets have become substantially larger than their domestic assets. Kuwait has a state-funded healthcare system, which provides treatment without charge to Kuwaiti nationals. There are outpatient clinics in every residential area in Kuwait.
A public insurance scheme exists to provide reduced cost healthcare to expatriates. Private healthcare providers also run medical facilities in the country, available to members of their insurance schemes. There are 29 public hospitals. Many new hospitals are under construction. Kuwait has a growing scientific research sector. To date, Kuwait has registered patents , the second highest figure in the Arab world.
Kuwait has the highest literacy rate in the Arab world. All the levels of state education, including higher education, are free.
The public school system is undergoing a revamp due to a project in conjunction with the World Bank. Tourism accounts for 1. Liberation Day itself is celebrated on 26 February. Kuwait has an extensive and modern network of highways. There are more than 2 million passenger cars, and , commercial taxis, buses, and trucks in use. Since there is no railway system in the country, most people travel by automobiles. The country's public transportation network consists almost entirely of bus routes.
The state owned Kuwait Public Transportation Company was established in It runs local bus routes across Kuwait as well as longer distance services to other Gulf states. The main private bus company is CityBus, which operates about 20 routes across the country. It runs local bus routes across Kuwait and longer distance services to neighbouring Arab countries.
There are two airports in Kuwait. Kuwait International Airport serves as the principal hub for international air travel. State-owned Kuwait Airways is the largest airline in the country. In , the first private airline of Kuwait, Jazeera Airways , was launched. In , the second private airline, Wataniya Airways was founded. Kuwait has one of the largest shipping industries in the region. The port is expected to handle 1. Kuwait's population was 4. Kuwaiti society is diverse and tolerant.
Kuwait's official language is Modern Standard Arabic , but its everyday usage is limited to journalism and education. Kuwaiti Arabic is the variant of Arabic used in everyday life. Beside English, French is taught as a third language for the students of the humanities at schools, but for two years only.
Kuwaiti Arabic is a variant of Gulf Arabic , sharing similarities with the dialects of neighboring coastal areas in Eastern Arabia. Due to historical immigration, Kuwaiti Persian is used among Ajam Kuwaitis.
From Wikipedia, the free encyclopedia. This is the latest accepted revision , reviewed on 28 September There is 1 pending revision awaiting review. This article is about the modern country near the Persian Gulf. For the former autonomous state in southern Arabia, see Qu'aiti. For the city, see Kuwait City. Nominal succession within the House of Sabah. List of museums in Kuwait. Human rights in Kuwait. Foreign relations of Kuwait. List of birds of Kuwait and List of mammals of Kuwait.
Al Hamra Tower is the tallest sculpted tower in the world. Kuwaiti Arabic and Kuwaiti Persian. Arts portal Asia portal Geography portal Middle East portal. Archived from the original on 2 July Retrieved 10 September Archived from the original on 17 January Archived from the original on 24 February Retrieved 1 April United Nations Development Programme.
Retrieved 14 September Archived from the original on 22 August Retrieved 5 May Archived from the original on 1 May Retrieved 12 March Archived from the original on 28 June Archived from the original on 16 March American University of Beirut. Archived PDF from the original on 23 September Archived from the original on 13 July Archived from the original on 26 June Global Cultural Districts Network.
Constancy and Change in Contemporary Kuwait City: The University of Wisconsin-Milwaukee. Shadows on the Sand: The Memoirs of Sir Gawain Bell. Archived from the original on 12 April Kuwait became an important trading port for import and export of goods from India, Africa and Arabia.
A Gulf Crisis Reader. Cambridge international documents series, Issue 1. Merchants, Mamluks, and Murder: State University of New York Press. Archived PDF from the original on 4 March Peoples and Cultures of the Middle East: Cultural depth and diversity. Major Currencies Firm against Kuwait Dinar. Exchange rates of major currencies were stable against the Kuwaiti dinar on Monday, as the US dollar was stable at KD 0.
NBK is ranked by its disciplined approach in risk management, high capitalization and its cautious loan policies, including its highly qualified and stable management team. Wednesday, 24 July Choosing best Forex broker in Kuwait. If yes, there are certain factors to be considered.
Choosing Forex broker is not simple. I , myself, got tough time, which broker i should start trading. Its really confusing but at the same time, you have to take smart decision before you invest your money. Let take it like this, i have found regulated Forex broker but at the same time, their spread rates are bit high so what to do. I will suggest you to go with it. Why Regulated Forex brokers? Traders will have to meet the necessary trading requirements, and also make sure that their forex broker is regulated.
A regulated forex broker is an associate of a legitimate financial authority. When a broker is regulated, their corporate practices are carefully examined and monitored to ensure that they follow the rules and procedures imposed by the regulators. Some of the rules given by the regulators differ from each other.
The plan came up just after the KIA failed last month 5. We are providers of long-term capital. Islamic Forex Brokers - Kuwait Forex trading. The usual Forex trading can be quite difficult for some Muslims that abide the Sharia law, because forex trading involves interest while in the Sharia law, Muslims are not allowed taking any sort of interest from any business.
That why in the Forex trade, such traders can trade with the use of an Islamic Forex account to trade. With the Forex market being so diverse, from the brokers and platforms to choose from, one of them is the Islamic Forex trading account. An Islamic Forex account is like any other trading account excluding the interest payment that comes with most Forex trading accounts.
The Kuwait Investment Authority is an independent government organization that handles the management and administration for various funds that is owned by the Minister of Finance for the behalf of the state of Kuwait.
Tuesday, 9 July No-risk forex demo account - Start Practice online trading today. Hi Guys, Here are some common Terms used in Forex trading. If you are new or have just started Forex Trading in Kuwait, its valued resource to learn.
The change in one point in the fourth decimal point is referred to as the PIP. The Forex trading market is one of the largest financial market in the world and in order to ensure you run a successful trade its important you know the main key points and the secrets to successful Forex trading. There are various outlooks in Forex trading , from the fundamental analysis to the technical chart reading and more which we can refer to as the elements of trading psychology.
Kuwait produces a large amount of crude oil reserves, producing approximately over billion barrels every day. The State of Kuwait may be small but is the third largest oil reserves in the world. Currency trading is the buying and selling of different currencies from different countries around the world. Traders can trade currencies in volume in the forex market. Forex trading is constantly expanding ever since it was introduced in Kuwait by the first Kuwaiti shareholding company National Bank of Kuwait in In , the Kuwait stock exchange introduced its first electronic trading system.
While forwards were later introduced in