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Kuwait names new finance, oil ministers in cabinet reshuffle

Nayef Falah al-Hajraf became Kuwait's new finance minister and Bakheet Shibeeb Al-Rasheedi was elected the new minister for oil, electricity and water in a cabinet reshuffle, the Kuwait Times reported.

Al-Hajraf, who leads the Capital Markets Authority, replaced Anas Al-Saleh, who become deputy prime minister and state minister for cabinet affairs, Bloomberg News reported. Al-Rasheedi, CEO of Kuwait Petroleum International, succeeded Issam Almarzooq.

The previous cabinet resigned Oct. 30 after parliament quizzed the then-information minister over violations of budgetary and legislative rules, Reuters reported. Mohammed Nasser Al-Jabri was appointed the new information minister.