AGL 37.79 Decreased By ▼ -0.36 (-0.94%)
AIRLINK 129.10 Increased By ▲ 4.03 (3.22%)
BOP 7.43 Increased By ▲ 0.58 (8.47%)
CNERGY 4.62 Increased By ▲ 0.17 (3.82%)
DCL 8.40 Increased By ▲ 0.49 (6.19%)
DFML 38.80 Increased By ▲ 1.46 (3.91%)
DGKC 81.25 Increased By ▲ 3.48 (4.47%)
FCCL 32.50 Increased By ▲ 1.92 (6.28%)
FFBL 75.00 Increased By ▲ 6.14 (8.92%)
FFL 12.34 Increased By ▲ 0.48 (4.05%)
HUBC 108.92 Increased By ▲ 4.42 (4.23%)
HUMNL 13.97 Increased By ▲ 0.48 (3.56%)
KEL 5.02 Increased By ▲ 0.37 (7.96%)
KOSM 7.59 Increased By ▲ 0.42 (5.86%)
MLCF 38.45 Increased By ▲ 2.01 (5.52%)
NBP 72.30 Increased By ▲ 6.38 (9.68%)
OGDC 186.87 Increased By ▲ 7.34 (4.09%)
PAEL 25.30 Increased By ▲ 0.87 (3.56%)
PIBTL 7.31 Increased By ▲ 0.16 (2.24%)
PPL 150.65 Increased By ▲ 6.95 (4.84%)
PRL 25.20 Increased By ▲ 0.88 (3.62%)
PTC 17.30 Increased By ▲ 0.90 (5.49%)
SEARL 82.00 Increased By ▲ 3.43 (4.37%)
TELE 7.56 Increased By ▲ 0.34 (4.71%)
TOMCL 32.62 Increased By ▲ 0.65 (2.03%)
TPLP 8.46 Increased By ▲ 0.33 (4.06%)
TREET 16.40 Increased By ▲ 0.27 (1.67%)
TRG 56.32 Increased By ▲ 1.66 (3.04%)
UNITY 28.26 Increased By ▲ 0.76 (2.76%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,539 Increased By 449.3 (4.45%)
BR30 30,978 Increased By 1468.9 (4.98%)
KSE100 98,343 Increased By 3768.4 (3.98%)
KSE30 30,680 Increased By 1235.1 (4.19%)

The Kuwaiti ruler swore in a new government on Monday, handing the defence ministry to his eldest son and appointing new oil and finance ministers. The move comes weeks after the previous government, which had been formed a year ago, resigned following a dispute with members of parliament who filed a no-confidence motion against a senior minister.
Emir Sheikh Sabah al-Ahmad Al-Sabah issued a decree naming the new line-up with Sheikh Jaber Mubarak Al-Sabah, a senior member of the ruling family, staying on as prime minister. Sheikh Nasser Sabah al-Ahmad Al-Sabah, the emir's eldest son aged 69, was appointed as first deputy premier and defence minister.
This is the first ministerial job for Sheikh Nasser, who has been the head of the royal court since early 2006. He is seen as the main driving force behind "Silk City," one of Kuwait's mega projects with investments estimated at more than $100 billion.
The 16-member cabinet features nine newcomers, including changes at the oil and finance ministries. Bakheet al-Rasheedi, a former top oil executive, replaces the outgoing oil minister Essam al-Marzouk.
Nayef al-Hajraf, former head of the Capital Markets Authority, will take over the finance ministry from Anas al-Saleh who was appointed as state minister for cabinet affairs. The previous cabinet resigned at the end of October after opposition lawmakers filed a no-confidence motion against Sheikh Mohammad Abdullah Al-Sabah, then the state minister for cabinet affairs.
The deputies accused him of alleged financial and administrative irregularities, which he denied.

Comments

Comments are closed.