{"id":1182,"date":"2015-07-06T06:43:32","date_gmt":"2015-07-06T06:43:32","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1182"},"modified":"2015-07-06T06:43:32","modified_gmt":"2015-07-06T06:43:32","slug":"the-kuwait-investment-authority","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1182","title":{"rendered":"The Kuwait Investment Authority"},"content":{"rendered":"<p>The Kuwait Investment Authority is the investment arm of the government of Kuwait.It is the world&#8217;s first and oldest sovereign wealth fund<\/p>\n<p><a href=\"http:\/\/www.kia.gov.kw\/En\/Pages\/default.aspx\" target=\"_blank\">http:\/\/www.kia.gov.kw\/En\/Pages\/default.aspx<\/a><\/p>\n<p>The Kuwait Investment Authority was founded in 1953 to manage the money and income from the Kuwait Government&#8217;s financial surpluses after the discovery of oil.<br \/>\nIt is thought too hold over <strong>\u00a3192 Billion<\/strong>\u00a0 = US$300 billion of assets, and is thus is one of the largest Sovereign Wealth Funds in the World.<\/p>\n<p>The wealth of Kuwait comes from it&#8217;s oil exports.<\/p>\n<p>By looking at the BP Statistical Review of Energy<\/p>\n<p>[<a href=\"http:\/\/www.bp.com\/en\/global\/corporate\/about-bp\/energy-economics\/statistical-review-of-world-energy.html\" target=\"_blank\">http:\/\/www.bp.com\/en\/global\/corporate\/about-bp\/energy-economics\/statistical-review-of-world-energy.html<\/a>]<\/p>\n<p>Kuwait\u00a0 <strong>produces 3,126,000 barrels of oil a day<\/strong>.<\/p>\n<p>Thus, with oil at $60.55 per barrel = \u00a338.79.<\/p>\n<p>3,126,000 x \u00a338.79 = <strong>\u00a3121,266,292<\/strong><\/p>\n<p>Yes, <strong>Kuwait&#8217;s crude oil generates \u00a3121million a day<\/strong>. One can now see where the money flows into the Kuwait Investment Authority for it investment operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kuwait Investment Authority is the investment arm of the government of Kuwait.It is the world&#8217;s first and oldest sovereign wealth fund http:\/\/www.kia.gov.kw\/En\/Pages\/default.aspx The Kuwait Investment Authority was founded in 1953 to manage the money and income from the Kuwait Government&#8217;s financial surpluses after the discovery of oil. It is thought too hold over \u00a3192 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1182","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1182"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1182\/revisions"}],"predecessor-version":[{"id":1184,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1182\/revisions\/1184"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}