KUWAIT, July 22 (KUNA) -- 1954 -- Kuwait's Higher Executive Committee forms the State Audit Bureau, aimed at protecting and safeguarding public funds to prevent embezzlement or fraud.
1974 -- Poet Hajji bin Jassem passes away at age 71.
1963 -- Social Reform Society is established as a public benefit entity.
1981 -- The Amir Sheikh Jaber Al-Ahmad Al-Jaber Al-Sabah adopts law for Kuwait's approval of the statute of the Gulf Cooperation Council.
2002 -- Ministry of Electricity and Water announces a record 7,250 MW daily usage of electricity at 02:45 pm local time. The figure is huge in terms of ratio to population.
2008 -- Kuwait's inflation rate reaches 11.4 percent, exceeding the 10-percent mark for the first time in 15 years. (end) gta