Kuwait Nominates Former Governor as New OPEC Chief

Reuters file photo of Haitham al-Ghais
Reuters file photo of Haitham al-Ghais
TT

Kuwait Nominates Former Governor as New OPEC Chief

Reuters file photo of Haitham al-Ghais
Reuters file photo of Haitham al-Ghais

Kuwait has nominated its former governor to the Organization of the Petroleum Exporting Countries (OPEC), Haitham al-Ghais, to lead the oil producer group after Mohammad Barkindo's term as secretary general, two sources close to the matter said.

Nigerian Barkindo, whose is due to step down at the end of July next year, took OPEC's top job in mid-2016 and was granted a second three-year term in 2019.

Al-Ghais is the only candidate to be nominated so far, the sources told Reuters.

Al-Ghais stepped down as Kuwait's OPEC governor in June this year and was appointed deputy managing director of international marketing at state-owned Kuwait Petroleum Corporation (KPC).

He was previously in charge of KPC's regional offices in Beijing and London before becoming governor to OPEC in 2017.



Egypt Central Bank Keeps Key Interest Rates Unchanged

A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo
A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo
TT

Egypt Central Bank Keeps Key Interest Rates Unchanged

A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo
A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo

Egypt's central bank kept its key interest rates unchanged on Thursday, it said in a statement.

The overnight lending rate remained at 28.25%, while the overnight deposit rate stood at 27.25%, the central bank said.