(Reuters) – Kuwait has named Nora Suleiman Al-Fassam and Khalifa Abdullah Ajeel as its new finance and trade ministers respectively, as part of a cabinet shuffle, according to a decree issued by the country’s Emir on Sunday. Al-Fassam, who was also appointed minister of state for economic and investment affairs, is a banker with extensive […]
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Kuwait picks new finance and trade ministers in cabinet shuffle
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(Reuters) – Kuwait has named Nora Suleiman Al-Fassam and Khalifa Abdullah Ajeel as its new finance and trade ministers respectively, as part of a cabinet shuffle, according to a decree issued by the country’s Emir on Sunday.
Al-Fassam, who was also appointed minister of state for economic and investment affairs, is a banker with extensive experience in corporate finance and investment banking. She most recently served as chief strategy officer at Kuwait’s Sharia-compliant Boubyan Bank.
Ajeel headed Kuwait’s State Bureau of Financial Control and was a member of the board of commissioners at the Capital Markets Authority.
Kuwait retained Mahmoud Bushehri as minister of electricity, despite a recent power crisis that led the Gulf state to impose scheduled outages in parts of the country due to a disruption in gas supplies.
During the summer, temperatures in Kuwait typically exceed 50 degrees Celsius (122 degrees Fahrenheit), leading to increased power consumption amid demand for cooling.
(Reporting by Ahmed Hagagy, Hatem Maher and Ahmed Tolba; Editing by David Goodman and Bernadette Baum)