KUWAIT CITY: Kuwait’s prime minister formed a Cabinet Saturday that includes a new oil minister, following elections in which the opposition performed well.
The government has seven new faces including Essam Al-Marzouq who was named minister of oil, electricity and water.
Al-Marzouq, a member of a merchant family, was a board member in national oil conglomerate Kuwait Petroleum Corp. and also the head of the Kuwait Bourse Company.
Besides Prime Minister Sheikh Jaber Mubarak Al-Sabah, the Cabinet includes five members of the Al-Sabah family. But Sheikh Mohammad Khaled Al-Sabah, the former interior minister and a senior royal, was moved to the defense post.
The defense minister in the previous Cabinet, Sheikh Khaled Jarrah Al-Sabah, who is also a member of the ruling family, was given the interior portfolio. Foreign Minister Sheikh Sabah Khaled Al-Sabah, a royal, was also retained. Anas Al-Saleh remained the finance minister in the new Cabinet.
The government of the oil-rich Gulf state resigned last month as required by the constitution following the Nov. 26 general election in which the opposition and its allies won nearly half the seats in Parliament. The 50-member legislature is scheduled to start meeting on Sunday.
Kuwait names new oil minister
Kuwait names new oil minister
DP World announces new leadership appointments
DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.
Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.
Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.
Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.
DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.
