Mariam Al-Aqeel, Kuwait's new finance minister/Bloomberg
Kuwait has appointed Mariam Al-Aqeel as the new finance minister, the first woman in the Arabian Gulf region to hold the post, reported Bloomberg.
Khaled Al-Fadhel retained his posts as the minister overseeing oil, electricity and water in Sheikh Sabah Al-Khaled Al-Sabah’s first cabinet, which includes three women and eight new faces.
As finance minister, Al-Aqeel automatically heads the country’s sovereign wealth fund, Kuwait Investment Authority.
The cabinet is expected to serve for less than a year since Kuwait is scheduled to hold parliamentary elections in 2020.
The International Monetary Fund expects Kuwait’s economy to grow 0.6 per cent this year, squeezed by a reduction in oil output as part of an OPEC agreement.