1990 oil price shock and prices began to fall. On August 2, 1990, The Republic of Iraq invaded the State of Kuwait, leading to a 7-month occupation of Kuwait and an eventual U.S.-led military intervention. While Iraq officially claimed Kuwait was stealing its oil via slant drilling, its true motives were more complicated and less clear. At the time of the invasion, Iraq owed Kuwait $14 billion of outstanding debt that Kuwait had loaned it during the 1980–1988 Iran–Iraq War. In addition, Iraq felt Kuwait was overproducing oil, lowering prices and hurting Iraqi oil profits in a time of financial stress. In the buildup
History of the Jews in Kuwait History of the Jews in Kuwait The history of the Jews in Kuwait is connected to the history of the Jews in Iraq. The noted British businessman Naim Dangoor is an Iraqi Jewish exile in his 90s whose grandfather was the chief rabbi in Baghdad. He came to Britain in the 1930s to study engineering at Queen Mary College in London and returned to Iraq to join the army and then set up his business empire. He spent the 1950s running the Coca-Cola franchise in Iraq with a beloved Muslim business partner. He states that: Professor Faisal Abdulla Alkanderi of