The political impasse is threatening economic reforms to attract more investment and soften the impact of a global credit crunch which is increasingly hitting Kuwait despite its enormous oil wealth.
Author: Ksenia Kochneva
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Kuwait's Foreign Minister Named Acting Oil Minister
Kuwaiti foreign minister has been appointed acting oil minister in a new cabinet
Sheikh Mohammad al-Salem al-Sabah, a key member of the ruling family, will stay foreign minister and also take over from the outgoing oil minister, Mohammad al-Olaim, the news agency KUNA said.
Changes in the oil ministry usually have little impact on Kuwait's energy policy which is decided by a council including industry experts.
Prime Minister Sheikh Nasser al-Mohammad al-Sabah had resigned along with his cabinet in November after three parliamentarians moved to question him. But Kuwait's ruler, who has the last say in politics, reappointed his nephew.
The political impasse is threatening economic reforms to attract more investment and soften the impact of a global credit crunch which is increasingly hitting Kuwait despite its enormous oil wealth.
Author: Ksenia Kochneva
The political impasse is threatening economic reforms to attract more investment and soften the impact of a global credit crunch which is increasingly hitting Kuwait despite its enormous oil wealth.
Author: Ksenia Kochneva
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