Kuwait is a small, oil-rich emirate in the Middle East, located at the head of the Persian Gulf, bordered by Iraq and Saudi Arabia. It is known for its massive crude oil reserves, which fund its high-income economy and a "Fund for Future Generations" to cushion against oil price volatility. The country's political system is dominated by the ruling Al Sabah family, with an Emir as head of state, and Islam is the state religion.