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Kuwait (/kʊˈweɪt/ (About this sound listen);[6][7] Arabic: الكويت‎ al-Kuwait, Gulf Arabic pronunciation: [ɪl‿ɪkweːt] or [lɪkweːt]), officially the State of Kuwait (Arabic: دولة الكويت‎ About this sound Dawlat al-Kuwait), is a country in Western Asia. Situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, it shares borders with Iraq and Saudi Arabia. As of 2016, Kuwait has a population of 4.2 million people; 1.3 million are Kuwaitis and 2.9 million are expatriates.[8] Expatriates account for 70% of the population.[9] It was shown in the Expat Insider 2017 survey by InterNations that 22% of expats in Kuwait are of Indian nationality.[10] Oil reserves were discovered in commercial quantities in 1938. From 1946 to 1982, the country underwent large-scale modernization. In the 1980s, Kuwait experienced a period of geopolitical instability and an economic crisis following the stock market crash. In 1990, Kuwait was invaded, and later annexed, by Saddam’s Iraq. The Iraqi occupation came to an end in 1991 after military intervention by coalition forces. At the end of the war, there were extensive efforts to revive the economy and rebuild national infrastructure.]