History of Kuwait late 16th century, the Portuguese built a defensive settlement in Kuwait. In 1613, the town of Kuwait was founded in the present-day location of Kuwait City. Kuwait was initially under the control of the Bani Khalid clan, who built a fishing village in present-day Kuwait Bay. The beginning of the eighteenth century witnessed the contention of Kuwait by the Bani Utub confederation. They migrated to Kuwait in 1682. As a result of successive matrimonial alliances, they were able to wrest control of Kuwait sometime after the death of Barrak Bin Urair [Bani Khaled] and the fall of the Bani Khaled
Kuwait Fund for Arab Economic Development its original mandate of solely helping countries in the Arab World) and its capital increased from KWD 200 million to KWD 1000 million. In March 1981, Kuwait Fund’s capital was again increased, this time doubled to KWD 2000 million, with its range enlarged to include participation in the capital and resources of development institutions and in the equity capital of certain corporate entities. The Kuwait Fund remained operational during the 1990 Iraqi Invasion of Kuwait While the headquarters were completely ransacked, the Fund regained its operational momentum shortly after the liberation of Kuwait. Through the Kuwait Fund, Kuwait maintains a