KUWAIT CITY, Aug 14: As per recent statistics issued by the World Gold Council, Kuwait is ranked 36 among the countries that possess the highest gold reserves in the world and comes fifth with in the Arab countries in the same category, reports Al-Watan Arabic daily.

Kuwait has 97 tons of gold comprising 13.2 percent of foreign reserves the country owns and among Arab countries, Kuwait comes fifth after Saudi Arabia, Lebanon, Algeria, and Libya. The US topped the list with 8133.5 tons of gold, representing 74.7 percent of its reserves.