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Oil in Kuwait was discovered in the late 1930s and since that time, the country has become one of the most influential economies in the Middle East. With an estimated 10% of the world's oil reserves, every sector has reaped the benefits of oil profits. While Kuwait is a small country, its location at the head of the Gulf should greatly benefit the nation in the years to come as it is a regional gateway to Iran, Iraq, Saudi Arabia and the rest of the Gulf Cooperation Council. Kuwait is slowly beginning to diversify its economy, with the hopes of reducing its dependency on oil profits.

Publisher: Oxford Business Group

1 issue is available electronically
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