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☆ Kuwait appoints Fahd Al-Jarallah as finance minister
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +1 min

CAIRO, Sept 3 (Reuters) - Kuwait on Sunday appointed Fahd Abdulaziz Al-Jarallah as finance minister, the state news agency said, following the resignation of his predecessor in July. Jarallah takes over from Manaf Abdulaziz Al Hajri who was in the role only since April this year. Oil Minister Saad Al Barrak had been acting finance minister after he resigned. Appointed as assistant undersecretary at the Ministry of Finance in August, Jarallah is a businessman who has served on the boards of the Commercial Bank of Kuwait and Noor Financial Investment Company. Among key reforms which have faced delays is a public debt law which would allow Kuwait to borrow from international markets, but which has faced opposition from members of parliament.

Persons: Fahd Abdulaziz Al, Jarallah, Abdulaziz Al Hajri, Saad Al Barrak, Muhammad Al Gebaly, Omar Abdel, Ahmed Hagagy, Rachna Uppal, Hugh Lawson, Angus MacSwan Organizations: Sunday, Oil, Ministry of Finance, Commercial Bank of Kuwait, Noor Financial Investment Company, Growth, International Monetary Fund, Thomson Locations: CAIRO, Kuwait

☆ Iran will pursue rights over Durra gas field if other parties shun cooperation -report
▼ + stars: | 2023-07-30 | by ( ) www.reuters.com time to read: 1 min

DUBAI, July 30 (Reuters) - Iran will pursue its rights over the Durra/Arash field if other parties shun cooperation, the country's Oil Minister Javad Owji said on Sunday, according to the Oil Ministry's SHANA news agency. "If there is no willingness to cooperate, Iran will pursue its rights and benefits, including the exploitation and exploration of the Arash gas field, and will not tolerate any violation of its rights," Owji said. Kuwait oil minister Saad Al Barrak told SkyNews Arabia on Thursday that his country will start drilling and begin production at the Durra gas field without waiting for border demarcation with Iran. Reporting by Dubai Newsroom Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Arash, Javad Owji, SHANA, Owji, Saad Al Barrak, SkyNews, Bernadette Baum Organizations: country's Oil, Dubai, Thomson Locations: DUBAI, Iran, Kuwait, SkyNews Arabia

☆ Kuwait, Saudi Arabia have 'exclusive rights' in Durra gas field, Kuwait oil minister says
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +1 min

CAIRO, July 9 (Reuters) - Kuwait and Saudi Arabia have "exclusive rights" in the Durra gas field in the Arabian Gulf, Kuwait Oil Minister Saad Al Barrak said on Sunday, and he called on Iran to validate its claim to the field by demarcating its own maritime borders first. "Until this moment, this is an exclusive right of Kuwait and Saudi Arabia in the Durra field, and whoever has a claim must start demarcating the borders. "The other side has claims that are not based on a clear demarcation of the maritime borders," he added, referring to Iran. Al Barrak's comments echo those of Saudi Arabia, which said last week that the kingdom and Kuwait exclusively own natural wealth in the Gulf's maritime "Divided Area". Saudi Arabia also renewed its call to Iran to start negotiations with Riyadh and Kuwait on the demarcation of the eastern border of the area, Saudi state news agency SPA said.

Persons: Saad Al Barrak, Al Barrak, Al, Al Barrak's, Hatem Maher, Muhammad Al Gebaly, Hugh Lawson, Leslie Adler Organizations: Kuwait Oil, Saudi, Thomson Locations: CAIRO, Kuwait, Saudi Arabia, Arabian Gulf, Iran, Saudi, Riyadh

☆ Kuwait forms cabinet with new oil minister, finance minister re-appointed
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

DUBAI, June 18 (Reuters) - Kuwait formed a new government on Sunday naming Saad Al Barrak as oil minister to replace Bader Al-Mulla and reappointing Finance Minister Manaf Abdulaziz Al Hajri. Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah, who was re-appointed as prime minister last week, formed the new cabinet announced in a decree carried by the state news agency KUNA. The Gulf Arab state also named a new defence minister, Sheikh Ahmad Al-Fahad Al-Ahmed Al-Sabah. The outgoing government had resigned following parliamentary elections held earlier this month in the Gulf OPEC oil producer. Reporting By Andrew Mills and Ahmed Tolba; Writing by Andrew Mills; Editing by Andrew Heavens and David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Saad Al Barrak, Bader Al, Mulla, Manaf Abdulaziz Al Hajri, Sheikh Ahmad Nawaf Al, Ahmad Al, Sheikh Ahmad Al, Fahad Al, Ahmed Al, Andrew Mills, Ahmed Tolba, Andrew Heavens, David Evans Organizations: reappointing Finance, Thomson Locations: DUBAI, Kuwait, Sabah, Gulf OPEC

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