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Kuwait Picks New Finance and Trade Ministers in Cabinet Shuffle

Haitham Al-Ali, Undersecretary of the Ministry of Electricity, Water and Renewable Energy, had attributed the power outages to a malfunction in the gas supply (KUNA)
Haitham Al-Ali, Undersecretary of the Ministry of Electricity, Water and Renewable Energy, had attributed the power outages to a malfunction in the gas supply (KUNA)
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Kuwait Picks New Finance and Trade Ministers in Cabinet Shuffle

Haitham Al-Ali, Undersecretary of the Ministry of Electricity, Water and Renewable Energy, had attributed the power outages to a malfunction in the gas supply (KUNA)
Haitham Al-Ali, Undersecretary of the Ministry of Electricity, Water and Renewable Energy, had attributed the power outages to a malfunction in the gas supply (KUNA)

Kuwait has named Nora Suleiman Al-Fassam and Khalifa Abdullah Ajeel as its new finance and trade ministers respectively, as part of a cabinet shuffle, according to a decree issued by the country's Emir on Sunday.
Al-Fassam, who was also appointed minister of state for economic and investment affairs, is a banker with extensive experience in corporate finance and investment banking.
She most recently served as chief strategy officer at Kuwait's Sharia-compliant Boubyan Bank, according to the country’s news agency, KUNA.
According to the bank’s website, the new minister has over 23 years of practical experience in corporate finance and investment banking services.
Al-Fassam also worked for several government and private entities, such as the Public Investment Authority and the National Bank of Kuwait.
She holds a Master’s degree in Business Administration from Kuwait University.
The new trade minister, Ajeel, headed Kuwait's State Bureau of Financial Control and was a member of the board of commissioners at the Capital Markets Authority.
Kuwait retained Mahmoud Bushehri as minister of electricity. But Bushehri lost the portfolio of Minister of State for Housing Affairs, which was offered to Abdullatif Hamed Hamad Al-Meshari.
The reshuffle comes a few days after a power crisis that led the Gulf state to impose scheduled outages in parts of the country due to a disruption in gas supplies although Kuwaiti officials have indicated there will be no further outages after the first wave in June.
Haitham Al-Ali, Undersecretary of the Ministry of Electricity, Water and Renewable Energy, had attributed the power outages to a malfunction in the gas supply.
During the summer, temperatures in Kuwait typically exceed 50 degrees Celsius leading to increased power consumption amid demand for cooling.

 

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Iranian Official to Asharq Al-Awsat: Committed to Peace and Stability with Saudi Arabia

Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)
Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)
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Iranian Official to Asharq Al-Awsat: Committed to Peace and Stability with Saudi Arabia

Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)
Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)

Iranian Deputy Foreign Minister Majid Takht Ravanchi reaffirmed Iran and Saudi Arabia’s mutual determination to establish lasting peace and stability in the region.
Speaking to Asharq Al-Awsat during his visit to Riyadh, Ravanchi emphasized that achieving this goal requires sustained bilateral and regional cooperation to address current threats and build a foundation for prosperity and security.
During his meetings with the Saudi Vice Minister of Foreign Affairs, Eng. Waleed ElKhereiji, Ravanchi discussed strengthening bilateral relations in political, economic, and consular fields, and explored key regional and international issues.
He described Saudi-Iranian efforts as a “successful model of bilateral and multilateral cooperation,” aimed at fostering peace, security, and development on both regional and international levels. Ravanchi underscored the importance of historical ties and the principle of good neighborliness as the basis for advancing this relationship.
Following the second meeting of the Saudi-Chinese-Iranian trilateral committee in Riyadh, both Saudi Arabia and Iran reiterated their full commitment to implementing the Beijing Agreement, according to a statement by the Saudi foreign ministry. The accord, mediated by China, aims to restore diplomatic ties and promote mutual respect for sovereignty and security in accordance with the principles of the UN Charter, the Organization of Islamic Cooperation (OIC), and international law.
China praised the progress achieved since the agreement’s signing, including the reopening of embassies and increased bilateral engagement. It pledged to continue supporting Saudi-Iranian efforts to deepen their cooperation and maintain regional stability.
Ravanchi, who previously served as Iran’s ambassador to the United Nations and was a member of the Iranian nuclear negotiating team with the P5+1, described the atmosphere of the meetings as “cordial and transparent.” He added that the three nations exchanged views on topics of mutual interest and stressed the importance of continuing this “positive and forward-looking process.” He also revealed “constructive and friendly” meetings held by the Iranian delegation with their Saudi hosts and Chinese counterparts, during which they discussed enhancing bilateral and trilateral cooperation and reviewed developments in relations over the past year.
One significant development has been the improvement in consular services. Over 87,000 Iranian pilgrims performed Hajj, and more than 52,000 completed Umrah in the past year, demonstrating enhanced coordination. Additionally, the first meeting of the Saudi-Iranian Joint Media Committee and the signing of an MoU between Saudi Arabia’s Prince Saud Al-Faisal Institute for Diplomatic Studies and Iran’s Institute for Political and International Studies further strengthened institutional ties.
The trilateral meeting also tackled pressing regional challenges, particularly the Israeli-Palestinian conflict. The participants condemned Israel’s aggression in Palestine, Lebanon, and Iran, calling for an immediate cessation of hostilities and the continuation of humanitarian aid to affected regions. They warned that ongoing violence poses significant risks to regional and global security, including threats to maritime safety.
On Yemen, the parties reiterated their support for a comprehensive political solution under United Nations auspices. They emphasized the importance of dialogue and diplomacy to achieve lasting peace in the war-torn country.
Saudi-Iranian relations have undergone a remarkable transformation since the signing of the Beijing Agreement. The reopening of embassies, including Iran’s embassy in Riyadh in June after a seven-year hiatus, marked a turning point in their ties.
Iranian Deputy Foreign Minister for Consular Affairs Alireza Bigdeli described the day as a “historic milestone” in Saudi-Iranian relations. He expressed confidence that the renewed relationship would reach its peak, emphasizing that the restoration of ties between Iran and Saudi Arabia opens a new chapter in bilateral and regional relations, aimed at greater cooperation and stability.