Kuwait forex association

Memorandum & Articles of Association State of Kuwait 2. 1 DECREE CONCERNING THE ESTABLISHMENT And upon Law No. 32 of the year concerning Currency, the Central Bank of Kuwait, and the Organization of Banking Business. And the Memorandum and Articles of Association .

Infidels at the Gates.

Ethical Conduct

The trading of forex as well as the regulation of forex brokers in Kuwait is provided by the Central Bank of Kuwait (CBK). The Central Bank of Kuwait also provides strict enforcement of laws that.

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.

The port of Kuwait was then, and is still, the principal dhow-building and trading port of the Persian Gulf, though offering little trade itself. Bijdragen tot de taal-, land- en volkenkunde in Dutch. Koninklijk Instituut voor Taal-, Land- en Volkenkunde.

Books for Libraries Press. Tipu Sultan's mission to Constantinople. For owing to Basra's misfortunes, Kuwait and Zubarah became rich. Seafaring in the Arabian Gulf and Oman: People of the Dhow.

Encyclopedia of the Ottoman Empire. The History of Kuwait. National Council for Culture, Arts and Letters. Archived from the original on 6 August Kuwait at the 14th International Architecture Exhibition". Archived from the original on 30 October Archived from the original on 24 December Retrieved 21 February British Journal of Middle Eastern Studies. Four Decades of Transformed Celebrations". In Fuller, Linda K. Archived from the original on 14 February Retrieved 23 February Archived from the original on 11 July Protests and Public Participation".

Archived from the original on 13 September Archived from the original on 29 November A magazine, Al Arabi, was published in in Kuwait. It was the most popular magazine in the Arab world. It came out it in all the Arabic countries, and about a quarter million copies were published every month. News Media in the Arab World: A Study of 10 Arab and Muslim Countries. The Kuwaiti press has always enjoyed a level of freedom unparalleled in any other Arab country.

Kuwait is a primary example of a Muslim society which embraced liberal and Western attitudes throughout the sixties and seventies. Guide to Islamist Movements. Global Expectations And Local Imaginations. Archived from the original on 27 December Archived from the original on 19 May Retrieved 14 January Archived from the original on 6 October Retrieved 28 June Satellite Images of Environmental Change. Archived from the original on 29 April Archived from the original on 12 August Archived PDF from the original on 13 May Archived PDF from the original on 15 April Archived PDF from the original on 10 March Archived from the original on 14 April Archived from the original on 5 June Archived from the original on 20 December Archived PDF from the original on 25 January Archived from the original on 29 August Oman Daily in Arabic.

Archived PDF from the original on 21 December Structures, Functions, and Varieties. Archived from the original on 11 October Archived from the original on 17 April Urban Regeneration and Sustainability. The role of fashion design in the construct of national identity of Kuwaiti women in the 21st century PhD. Archived PDF from the original on 6 June More Educated, More Unemployed". The Arab Gulf States Institute. Archived from the original on 17 June Archived PDF from the original on 22 August Archived from the original on 14 May Archived from the original on 25 April Kuwait's drama industry tops other Gulf drama as it has very prominent actors and actresses, enough scripts and budgets, produces fifteen serials annually at least.

Entertainment and Society Around the World. Archived from the original on 15 April The Kuwaiti television is considered the most active in the Gulf region, as it has contributed to the development of television drama in Kuwait and the Gulf region. Archived from the original on 23 April Archived from the original on 22 April Archived from the original on 18 May Kuwait's TV soaps and theatrical plays are among the best in the region and second most popular after Egypt in the Middle East.

Kuwait Foundation for the Advancement of Sciences. Archived PDF from the original on 10 July Archived from the original on 27 April Archived from the original on 16 April Al Rai in Arabic. Al Khaleej in Arabic.

Archived from the original on 5 July Al Watan in Arabic. Archived from the original on 11 September Archived from the original on 4 February Al Anba in Arabic.

Kuwait News Agency in Arabic. Popular Culture in the Arab World: Arts, Politics, and the Media. American University in Cairo Press. World and Its Peoples, Volume 1. Archived from the original on 2 January Kuwait has an illustrious history with the Forex market, as the nation has the highest valued currency in the world.

Together with a high capita income and wealthy investors willing to pounce on any investment opportunity, the Forex markets have provided an alluring prospect for investors to invest their wealth to generate more returns. The Kuwaiti Government is highly committed to diversifying its investments and has been investing its money in numerous markets, including the US, EU, and Asia Pacific since Therefore, Forex markets receive the same preference enjoyed by other investment opportunities, and the CBK does its part of regulating Forex brokers in Kuwait that offers different CFD products to its traders.

The Central Bank of Kuwait regulates all financial entities, including banks, brokers, insurance firms, and other agents that operate in the Kuwaiti economy. The CBK has advanced regulatory guidelines and a legal framework that is derived directly from the global standards of regulations, which allow companies to enjoy a stable set of rules that are conducive to their operations.

While the CBK is modern in its outlook, companies do face strict penalties and severe consequences if they are found to be in violation of any code of conduct, and are accountable to the Government authorities for their actions. Some CBK Forex brokers are exclusively oriented for Forex products and may have their presence in other countries. Kuwait has stringent laws that are designed to protect its investors against financial scams and malpractices.

Kuwait is very well known for its high concentration of expats and lower number of nationals that contribute to the workforce. Regardless, the CBK aims to provide a transparent and safe platform for its residents to invest safely in the FX markets without being affected by the broker scams that are rampant in the industry.

If you are a victim of a broker fraud or financial abuse at the hands of CBK regulated brokers, the Central Bank as well as the Government authorities provides excellent support for filing complaints and for initiating legal proceedings against the company.

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