Kuwait Announces New Finance and Trade Ministers in Cabinet Shuffle

Kuwait has named Nora Suleiman Al-Fassam and Khalifa Abdullah Ajeel as its new finance and trade ministers, respectively. Nora, an experienced banker, has also been appointed minister of state for economic and investment affairs. This cabinet shuffle was decreed by the Emir of Kuwait, with Mahmoud Bushehri retained as minister of electricity.

Kuwait has named Nora Suleiman Al-Fassam and Khalifa Abdullah Ajeel as its new finance and trade ministers, respectively, in a significant 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, boasts a wealth of experience in corporate finance and investment banking. She most recently served as chief strategy officer at Kuwait's Sharia-compliant Boubyan Bank. Ajeel comes with a robust background as the former head of Kuwait's State Bureau of Financial Control and a board member at the Capital Markets Authority.

In a move that surprised some, 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. This disruption was due to a shortage in gas supplies, coinciding with summer temperatures that frequently exceed 50 degrees Celsius (122 degrees Fahrenheit), upping the demand for cooling solutions.

(With inputs from agencies.)