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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 803 |
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The oil industry is Kuwait's main resource which has made the country one of the world's wealthiest countries. Kuwait owns 10% of the world's oil reserves. During the Gulf War, Iraq caused Kuwait to lose a lot of its capital by setting ablaze 749 of Kuwait's oil wells. Kuwait was able to recover because the country did not rely only on oil for revenue, Kuwait also invested abroad...
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Kuwait was able to recover because the country did not rely only on oil for revenue, Kuwait also invested abroad. Kuwait invested in the United States, the United Kingdom, Japan, Southeast Asia and Germany. The Kuwaiti dinar is one of the strongest currencies to the US dollar.
There are advantages and disadvantages with trading with Kuwait...
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