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Kuwait Investment Authority
The Kuwait Investment Authority (KIA) is the State owned sovereign wealth fund of the State of Kuwait, managing the state's reserve and the state's future generation fund, also known as "Ajyal Fund". Founded in 1953, the KIA is the world's oldest sovereign wealth fund. As of March 2025, it is the world's 5th largest sovereign wealth fund with currently US$1,029 billion 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 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. The Chinese regulator awarded Kuwait Investment Authority an additional $700 million quota on top of $300 million awarded in March 2012. The quota is the highest to be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Asimah Governorate (Kuwait)
The Asimah Governorate or 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 and Doha Port, and several offshore islands. The governorate houses most of Kuwait's financial and business centres such as the Kuwait Stock Exchange Boursa Kuwait Securities Co., is the private-sector corporate owner and operator of the Kuwait Stock Exchange (KSE), the national stock market of Kuwait. History Although several share holding companies (such as the National Bank of Kuwait in 1 .... Districts Government Mr. Nasir Sabah Nasir Mubarak I was governor from 1962 until his death in 1979. Salim Sabah Nasir Mubarak became the next governor, circa 1979. Jabir Abdallah Jabir Abdallah II become governor in 1985. Thabit Al Muhanna became governor in 2014. Notes References Governorates of Kuwait {{Kuwait-geo-stub ... [...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. As of August 2024 the minister is Noora Suleiman Al Fassam. 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 est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, Bond (finance), bonds, real estate, precious metals, or in alternative investments such as private equity funds 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 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 International Moneta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuwait
Kuwait, officially the State of Kuwait, is a country in West Asia and the geopolitical region known as the Middle East. It is situated in the northern edge of the Arabian Peninsula at the head of the Persian Gulf, bordering Iraq to Iraq–Kuwait border, the north and Saudi Arabia to Kuwait–Saudi Arabia border, the south. With a coastline of approximately , Kuwait also shares a maritime border with Iran, across the Persian Gulf. Kuwait is a city-state, most of the country's population reside in the urban area, urban agglomeration of Kuwait City, the capital and largest city. , Kuwait has a population of 4.82 million, of which 1.53 million are Kuwaiti nationality law, Kuwaiti citizens while the remaining 3.29 million are Expatriates in Kuwait, foreign nationals from over 100 countries. Kuwait has the world's third List of sovereign states by immigrant and emigrant population, largest number of foreign nationals as a percentage of the population, where its citizens make up less th ... [...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 been 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 Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assets Under Management
In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institution—or a decentralized network protocol manages and invests, typically on behalf of its clients. Funds may be managed for clients, platform users, or solely for themselves, such as in the case of a financial institution which has mutual funds or holds its own venture capital. The definition and formula for calculating AUM may differ from one entity to another. Overview Assets under management is a popular metric used within the traditional investment industry as well as for , such as cryptocurrency, to measure the size and success of an investment management entity. AUM represents the market value of all of the securities that a financial entity owns and manages, or simply manages. The AUM of an entity is often compared with historical d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Kuwait
Kuwait is an emirate. The Emir of Kuwait, a hereditary monarch from the Al Sabah ruling family appoints the prime minister (who is always a royal) and other members of government, as well as members of judicial, police and financial institutions. 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 Current Emir: Mishal Al-Ahmad Al-Jaber Al-Sabah Current Crown Prince: Sabah Al-Khalid Al-Sabah 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, like a Traffic Court or an Administrative Court); then th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gate Of Europe
The Gate of Europe towers (, "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 Paseo de la Castellan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors is a governing body that supervises the activities of a business, a 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 Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the ch ... [...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.Winstone, H.V.F., & Freeth, Z. (1972). Kuwait: Prospect and Reality (1st ed.). Routledge. https://doi.org/10.4324/9781315162980 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. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Kuwait
The Central Bank of Kuwait (CBK; ) is the central bank of Kuwait. It offers a strict currency system on behalf of the state. The bank regulates Kuwaiti stock market along with the Kuwait Stock Exchange, the Ministry of Commerce and Industry and the Ministry of Finance. Overview It was established on 30 June 1968, succeeding the Kuwait Currency Board that had been created in 1961. The bank launched Financial Intelligence Unit in 2003. Salem Abdulaziz Al Sabah served as the governor of the bank for over a quarter of a century, until February 2012, when he resigned after criticising the state's spending policies. Dr. Mohammad Al Hashel succeeded Sabah as governor in April 2012 and Yousef Al Obaid as deputy governor in May 2012. Governors Governors of the Central Bank of Kuwait. * Hamza A. Hussein (12 September 1973 – 11 September 1983) * Abdulwahab Al-Tammar (1 November 1983 – 30 September 1986) * Salem Abdulaziz Al Sabah (1 October 1986 – 11 February 2012; resigned) * Moh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Kuwait
Kuwait has a petroleum-based economy that is classified as emerging and high-income. By various per-capita measures of economic output, Kuwait is one of the wealthiest countries in the world."GDP per capita, PPP (current international $)", World Development Indicators database , World Bank. Database updated on 14 April 2015. Energy Petroleum and natural gas In 1934, the Emir of Kuwait granted an oil concession to the Kuwait Oil Co. (KOC), jointly owned by the |
