(Bloomberg) -- Kuwait’s ruler signed a decree to reshuffle the Gulf nation’s cabinet on Sunday, a move that included ousting the finance chief and changing three other portfolios.
Noora Al-Fassam, who’d been working in the private sector, replaced Anwar Al-Mudhaf as finance minister and state minister for economic affairs and investment, state-run KUNA reported. Al-Mudhaf had only served in the post since January.
New ministers were also named to Kuwait’s commerce and industry post, as well as to the housing and education departments.
Al-Fassam becomes Kuwait’s eighth finance minister since 2020. The frequent turnover of cabinet members in the OPEC-member state has given successive ministers little opportunity to push through reform and bring stability, with the cycle of disruption delaying economic diversification and deterring foreign investment.
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