[custom_adv] Kuwaitor , officially the State of Kuwait, is a country in Western Asia. Situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, it shares borders with Iraq and Saudi Arabia. [custom_adv] Oil reserves were discovered in commercial quantities 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. [custom_adv] As of 2016, Kuwait has a population of 4.2 million people; 1.3 million are Kuwaitis and 2.9 million are expatriates. Expatriates account for 70% of the population. [custom_adv] In 1990, Kuwait was invaded, and later annexed, by Saddam’s Iraq. The Iraqi occupation came to an end in 1991 after military intervention by coalition forces. At the end of the war, there were extensive efforts to revive the economy and rebuild national infrastructure. [custom_adv] Kuwait's legal system is predominantly secular. Kuwait is a constitutional state with a semi-democratic political system. It has a high income economy backed by the world's sixth largest oil reserves. The Kuwaiti dinar is the highest valued currency in the world. [custom_adv] According to the World Bank, the country has the fourth highest per capita income in the world. The Constitution was promulgated in 1962. [custom_adv] Kuwait is home to the largest opera house in the Middle East. The Kuwait National Cultural District is a member of the Global Cultural Districts Network. Kuwait is widely considered the "Hollywood of the Gulf" due to the popularity of its soap operas and theatre. [custom_adv] n 1613, the town of Kuwait was founded in modern-day Kuwait City. In 1716, the Bani Utub settled in Kuwait, which at this time was inhabited by a few fishermen and primarily functioned as a fishing village. [custom_adv] In the eighteenth century, Kuwait prospered and rapidly became the principal commercial center for the transit of goods between India, Muscat, Baghdad and Arabia. By the mid 1700s, Kuwait had already established itself as the major trading route from the Persian Gulf to Aleppo. [custom_adv] 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. As a result, Kuwait's maritime commerce boomed, as the Indian trade routes with Baghdad, Aleppo, Smyrna and Constantinople were diverted to Kuwait during this time.
