Fact 1: A Trailblazer in Stock Markets
Kuwait was the first Arab country to establish a stock market back in 1962. Known as Boursa Kuwait, the Middle East's fourth largest exchange market has over 200 listed companies today. These diverse companies represent the general theme of progress that defines Kuwait, proving how forward-looking the nation truly is in terms of economic development.
Fact 2: Literacy Rate Soaring High
Kuwait boasts an incredible literacy rate of 96%, one of the highest in the world. This significant figure reflects the country's commitment towards education and its efforts in ensuring an educated youth. It also underlines the government's dedication in investing in human development, giving the country a competitive edge internationally.
Fact 3: Kuwait Currency Holds Strong
Interestingly, Kuwaiti Dinar, abbreviated to KWD, is the world's highest valued currency. This clearly showcases the economic strength of the country despite its relatively smaller size.
Fact 4: First Arabic Soap Opera
Kuwait produced the first ever Arabic soap opera named "Sah il Al Layl," which translates to “Many Nights.” Aired in 1962, this pioneering move set the ball rolling for many Arab countries that later followed this path and produced Arabic soap operas.
Fact 5: Importance of Family Values
Family is considered exceptionally significant in Kuwaiti culture. It's common for extended family members to live close to each other, and family gatherings occur regularly. This underpins the importance they place on maintaining close family ties and keeping their traditional values alive.
Fact 6: Towers with a View
Kuwait is home to the iconic Kuwait Towers. Opened in 1979, these three towers are a symbol of modern Kuwait. The Main Tower includes a revolving observation area, providing stunning panoramic views of the city.
Fact 7: World’s Largest Tire Mosaic
Holding a Guinness World Record, Kuwait is known for having the world's largest tire mosaic. The significant art piece is shaped like the Kuwaiti flag and is a testament to the artistic creativity and environmental consciousness of the country.
Fact 8: Commitment to Green Energy
Kuwait aims to produce 15% of its energy from renewable sources by 2030. The country seeks to reduce its dependence on oil and to protect the environment, marking a shift towards strategic sustainable development.
Fact 9: No Taxes!
In Kuwait, there are nearly no taxes – both for individuals and corporations! This tax-free status is one of the many reasons why it’s an attractive destination for international businesses and expatriates.
Fact 10: Lack of Rivers and Lakes
You’ll be amazed to know that there are no permanent rivers and lakes in Kuwait. The country relies heavily on desalination for its water supply which is a process of removing salt from seawater.
Fact 11: Land of Cranes
Kuwait has the world's highest density of construction cranes, evidencing its rapid infrastructure development and progress.
Fact 12: Across the Island on a Camel
The country hosts an annual camel race at Al Ahmadi. This unique sport is reminiscent of traditional Bedouin culture and keeps alive an integral part of Kuwaiti heritage.
Fact 13: Potpourri of Cultures
Nearly 70% of the population in Kuwait consists of expatriates. This cultural diversity makes the country a unique blend of traditions, languages, and cuisines.
Fact 14: Golden Falcon
The national bird of Kuwait is Falcon, a significant symbol in Arabic culture. Falcons are treated with care and respect and many locals engage in falconry, a popular pastime.
Fact 15: Performance Art Hub
The country owns the first theater in the Gulf region. Named after a prominent Kuwaiti poet – Abdulhussain Abdulredha, the theater continues to be a hub for performing arts and cultural expression in the region.
Fact 16: Kuwait National Day
Kuwait National Day, celebrated on 25th February, marks the day when Sheikh Abdullah Al-Salem Al-Sabah ascended to the throne in 1950. On this day, various celebrations and public gatherings illuminate the city.
Fact 17: National Animal - Arabian Camel
The national animal of Kuwait is the Arabian Camel, which played a vital role in Kuwait's history due to its strength and resilience in the harsh desert climate.
Fact 18: Ice Hockey in the Desert
Despite being a desert nation, Kuwait has an ice hockey team. Founded in 1985, the Kuwait national ice hockey team competes in international championships bringing an unexpected sporting twist for a desert-based country.
Fact 19: Bird Watcher’s Paradise
Kuwait boasts a remarkable range of bird species. Its strategic location along migratory bird routes between Asia, Africa, and Europe makes it an ideal spot for birdwatching.
Fact 20: Notable Influence on Arabic Music
Kuwait is widely recognized for its significant influence on contemporary Arabic music, with several leading musicians and composers hailing from the country. The nation's music reflects its deep cultural roots, thereby influencing musical trends throughout the Arab world.