Kuwait city: The Bank of Kuwait and the Middle East was established, marking a significant financial development with a capital of KD 70.4 million.
According to Kuwait News Agency, 2004 witnessed the passing of Mubarak Al-Dabbous, a former member of the Kuwait National Assembly, at the age of 74. Al-Dabbous was a parliament member during the first legislative term in 1963, followed by the second in 1967, and the fifth in 1981.
In 2012, the State of Kuwait signed an agreement with the International Atomic Energy Agency (IAEA) to contribute USD 10 million towards establishing a nuclear fuel bank, reflecting Kuwait's commitment to global energy initiatives.
A year later, in 2013, Kuwait Petroleum International and its partners secured a deal with an international consortium to establish a refinery and petrochemical complex in northern Vietnam. The project was valued at USD nine billion, underscoring Kuwait's investment in international energy projects.
In 2018, the State of Kuwait contributed USD 2.4 million to various UN agencies, demonstrating its ongoing support for international humanitarian efforts.
The year 2019 saw the State of Kuwait's Constitutional Court rejecting a lawsuit challenging the unconstitutionality of Article 16 of the National Assembly's statute, which pertained to membership.
Additionally, in 2019, the Kuwait Institute for Scientific Research (KISR) announced the registration of a patent at the US Patent Office. The patent was for the development of electrolytes aimed at providing additional domestic energy by 2030, showcasing Kuwait's strides in scientific research and innovation.