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Kuwait was the world's biggest exporter of sulfonated, nitrated and nitrosated hydrocarbons in 2019. [121] Kuwait was ranked 63rd out of 157 countries in the 2019 Economic Complexity Index (ECI). [121] Iraq was Kuwait's leading export market in 2019 and food/agricultural products accounted for 94.2% of total export commodities. [122]
It was founded in 1968 [2] and is affiliated with the International Trade Union Confederation. [3] As of 2020, there were 38 trade unions in Kuwait, of which 15 are formally members of the Kuwait Trade Union Federation. Outside the oil sector, the federation does not have any trade union affiliates that cover workers in the private sector. [4]
Kuwait Direct Investment Promotion Authority (KDIPA) was established in 2013. It is a governmental organization that advances economic diversification , growth, and Kuwait's global competitiveness. It was established in alignment with Kuwait's goal of diminishing its dependence on oil-generated revenues and broadening its economic base.
[40] [41] Kuwait also exports chemical fertilizers. [42] The per capita GDP is $51,912. [43] As part of a diversification plan the Kuwaiti government has invested its revenues and maintains a sizable sovereign wealth fund. In 2008 these investments accounted for more than half of Kuwait's GDP. [44] 60% of Kuwait's work force are non-Kuwaitis. [45]
In 2007, Kuwait exported $2.3 billion worth of goods to China ($2.1 billion of which was oil) and Kuwait imported $1.3 billion of goods from China. In 2007, Kuwait supplied China with 95,000 barrels (15,100 m 3) of oil per day, accounting for 2.6% of China's total crude oil imports. Saudi Arabia was China's top supplier with its shipments ...
Few desserts command attention quite like a red velvet cake. Layers of bold red, likened to velvet because of the cake’s signature light and tender crumb, accented by stark white icing—of ...
Kuwait Chamber of Commerce and Industry (KCCI) (Arabic: غرفة تجارة وصناعة الكويت) is a non-government institution representing business establishments in Kuwait. The Chamber acts on the behalf of, represents and lobbies for the interests of businesspersons and industrialists in Kuwait.
The deal will be official on Sunday, once the trade window opens for the season. Schröder has averaged 18.4 points and 6.6 assists per game this season, his first full one with the Nets.