Kuwait’s Al-Ghais Takes Role as OPEC Secretary General

Haitham Al-Ghais (Asharq Al-Awsat)
Haitham Al-Ghais (Asharq Al-Awsat)
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Kuwait’s Al-Ghais Takes Role as OPEC Secretary General

Haitham Al-Ghais (Asharq Al-Awsat)
Haitham Al-Ghais (Asharq Al-Awsat)

Kuwait’s Haitham Al-Ghais assumed on Monday his new role as Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), following the late outgoing chief, Mohammad Barkindo.

Al-Ghais affirmed his determination to work for the advancement of the international organization, especially considering the concerns surrounding the global energy market.

In an interview with KUNA on Sunday, Al-Ghais affirmed that he has aspirations and ideas that he will present in coordination with all OPEC member states.

Al-Ghais said that his ideas are aimed at advancing the organization and facing future challenges, the most important of which is maintaining the balance and stability of oil markets.

Al-Ghais is the first Kuwaiti to hold the position of OPEC chief, having been elected by acclamation for a three-year term.

He said the unanimous selection of him by OPEC’s 13 member countries reflects Kuwait’s position and comes as a result of hard and determined work spearheaded by the Deputy Prime Minister, Minister of Oil, and Minister of State for Council Affairs Dr. Muhammad Al-Fares.

Al-Ghais has extensive experience extending over nearly 30 years in the field of global oil markets and the oil industry and has a wide presence and participation in many international oil conferences and forums.

Furthermore, Al-Ghais assumed the position of Governor of Kuwait with OPEC (2017-2021) and chaired the joint technical committee between the organization and countries outside it, which is responsible for monitoring production and studying the conditions of oil markets according to the production reduction agreement signed between the countries contributing to the (OPEC+) agreement.

After he stepped down as Kuwait’s OPEC governor in June 2021 he was appointed as Deputy Director of International Marketing at the state-owned Kuwait Petroleum Corporation (KPC).

Moreover, he headed the OPEC Internal Audit Committee, and he has various contributions within the organization, as well as at the level of the organization’s board of governors, various committees, special works and cooperation with countries outside OPEC.

Also, prior to his participation and contributions in OPEC, he was included in the global marketing sector of the KPC in various sales departments, and headed the regional offices of the Corporation in Beijing and London, and was the Director of the Research Department of the Petroleum Corporation and Deputy Managing Director of Global Marketing.



Black Friday Data Shows US Shoppers Spent $10.8 Bln Online

A woman and a child look at shops in a mall on Black Friday in Arlington, Virginia on November 29, 2024. (AFP)
A woman and a child look at shops in a mall on Black Friday in Arlington, Virginia on November 29, 2024. (AFP)
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Black Friday Data Shows US Shoppers Spent $10.8 Bln Online

A woman and a child look at shops in a mall on Black Friday in Arlington, Virginia on November 29, 2024. (AFP)
A woman and a child look at shops in a mall on Black Friday in Arlington, Virginia on November 29, 2024. (AFP)

US shoppers used their mobile phones, laptops, desktops and other devices to make roughly $10.8 billion in purchases online on Black Friday, an updated tally from Adobe Analytics showed.

Black Friday, the day after American Thanksgiving, marks the official start of the holiday shopping season for retailers and competition has intensified among retailers to win every penny-pinched shopper seeking discounts.

Increased online shopping potentially favors e-commerce giants such as Amazon.com and Walmart. Walmart, which operates 4,700 US stores, has invested heavily in store-to-home deliveries for the holiday season to boost e-commerce.

US spending online on Black Friday rose 10.2%, said Adobe, which keeps track of devices that use its software to help power more than 1 trillion visits to  US retail sites.

Corey Coscioni, 58, said he looked for bargains online as well as in stores on Black Friday, seeking "gifts for everyone: my wife, my daughter, and myself."

Top selling merchandise online included makeup, skincare and haircare products, as well as bluetooth speakers and espresso machines, Adobe said on Saturday.

Online sales of toys rose 622% compared to average daily sales in October, while jewelry sales rose 561% and appliances spiked 476% compared to October, it added.

Department store chains such as Macy's and Kohl's as well as big-box retailer Target could see muted sales this season, which is shorter with only 26 days between Thanksgiving and Christmas.

In 2023, US shoppers spent $9.8 billion online on Black Friday, and in 2022, they spent $9.1 billion, Adobe said.