Kuwait – Kuwait on Sunday formed a new government led by the Prime Minister, Sheikh Ahmad Nawaf Al-Ahmad Al-Jaber Al-Sabah.
The Deputy Amir, Sheikh Mishal Al-Ahmad Al-Jaber AlSabah signed a decree approving the new a 15-member government line-up.
The Gulf Arab state also named a new defence minister, Sheikh Ahmad Al-Fahad Al-Ahmed Al-Sabah.
Saad Al Barrak was named as oil minister, replacing Bader Al-Mulla and Manaf Abdulaziz Al Hajri was reappointed as Finance Minister.
The outgoing government had resigned following parliamentary elections held earlier this month.
Despite Kuwait’s substantial oil reserves, which rank among the largest globally, the nation has faced challenges due to internal discord and bureaucratic obstacles. These issues have impeded the implementation of crucial investment initiatives and reforms aimed at diversifying the economy away from heavy dependence on oil revenues. Nonetheless, Kuwait maintains robust fiscal and external balance sheets, highlighting its potential for economic resilience and growth.