Kuwait picks new finance and trade ministers in cabinet shuffle

Kuwait picks 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, 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.