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Kuwait forms cabinet with new oil minister, finance minister re-appointed

From channelnewsasia.com

Kuwait formed a new government on Sunday (Jun 18) naming Saad Al Barrak as oil minister to replace Bader Al-Mulla and reappointing Finance Minister Manaf Abdulaziz Al Hajri. Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah, who was re-appointed as prime minister last week, formed the new cabinet announced in a decree carried by the state news agency KUNA. The Gulf Arab state also named a new defence minister, Sheikh Ahmad Al-Fahad Al-Ahmed Al-Sabah. The outgoing government had resigned following parliamentary elections held earlier this month in the Gulf OPEC oil producer. Kuwait holds some of the world's largest oil reserves ... (full story)

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  • Category: Fundamental Analysis