Saad Al Barrak is now the oil minister, while Manaf Abdulaziz Al Hajri is the new finance minister in Kuwait. Sheikh Ahmad Al-Fahad Al-Ahmed Al-Sabah was named defence minister, and Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah was reappointed as prime minister.
Kuwait’s large oil reserves and solid financial position have impeded investment and changes to lessen reliance on oil earnings.
Kuwait Appoints a New Oil Minister
Saad Al Barrak was appointed as the new oil minister to succeed Bader Al-Mulla on Sunday, and Manaf Abdulaziz Al Hajri was reappointed as the finance minister.
The new government was created by Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah, who was reappointed as prime minister last week, according to a decree reported by the official news agency KUNA.
- Saad Al Barrak appointed a new oil minister, and Manaf Al Hajri reappointed the finance minister.
- New government formed by Sheikh Ahmad Nawaf Al-Sabah as prime minister.
- Sheikh Ahmad appointed Gulf of Arabs defence minister after the incumbent government resigns.
Sheikh Ahmad Al-Fahad Al-Ahmed Al-Sabah was appointed as the nation in the Gulf of Arabs’ new defence minister. The incumbent government resigned after this month’s legislative elections in the Gulf oil producer.
Kuwait boasts some of the strongest fiscal and external balance sheets in the world and some of the greatest oil reserves, but institutional deadlock and political squabbling have stymied investment and reforms meant to lessen the country’s reliance on oil income.