Space Industry and Business News  
OIL AND GAS
ruler names son defence minister in new cabinet
by Staff Writers
Kuwait City (AFP) Dec 11, 2017


The Kuwaiti ruler swore in a new government on Monday, handing the defence ministry to his eldest son and appointing new oil and finance ministers.

The move comes weeks after the previous government, which had been formed a year ago, resigned following a dispute with members of parliament who filed a no-confidence motion against a senior minister.

Emir Sheikh Sabah al-Ahmad Al-Sabah issued a decree naming the new line-up with Sheikh Jaber Mubarak Al-Sabah, a senior member of the ruling family, staying on as prime minister.

Sheikh Nasser Sabah al-Ahmad Al-Sabah, the emir's eldest son aged 69, was appointed as first deputy premier and defence minister.

This is the first ministerial job for Sheikh Nasser, who has been the head of the royal court since early 2006.

He is seen as the main driving force behind "Silk City," one of Kuwait's mega projects with investments estimated at more than $100 billion.

The 16-member cabinet features nine newcomers, including changes at the oil and finance ministries.

Bakheet al-Rasheedi, a former top oil executive, replaces the outgoing oil minister Essam al-Marzouk.

Nayef al-Hajraf, former head of the Capital Markets Authority, will take over the finance ministry from Anas al-Saleh who was appointed as state minister for cabinet affairs.

The previous cabinet resigned at the end of October after opposition lawmakers filed a no-confidence motion against Sheikh Mohammad Abdullah Al-Sabah, then the state minister for cabinet affairs.

The deputies accused him of alleged financial and administrative irregularities, which he denied.

Sheikh Mohammad, a senior member of the royal family, was left out from the new cabinet.

Kuwait is the only Gulf state with a fully elected parliament and the government is controlled by the ruling family.

The oil-rich country has been shaken by political disputes between lawmakers and the government for over a decade with parliament and cabinets dissolved several times.

Kuwait, with a native population of 1.35 million and 3.1 million foreigners, pumps 2.7 million barrels of oil per day.

OIL AND GAS
China reaffirms Venezuela ties after Sinopec lawsuit
Beijing (AFP) Dec 8, 2017
China said Friday that it "attaches great importance to the development of China-Venezuela relations" after a US subsidiary of the Chinese state-owned oil giant Sinopec sued its Venezuelan counterpart. The lawsuit, filed in a US court, accuses the Venezuelan state-owned oil and natural gas company PDVSA of failing to fulfill a payment of more than $43 million for steel reinforcement bars. ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
ORNL-designed algorithm leverages Titan to create high-performing deep neural networks

Penn researchers establish universal signature fundamental to how glassy materials fail

In first, 3-D printed objects connect to WiFi without electronics

Nature's toughest substances decoded

OIL AND GAS
US Navy accepts 5th MUOS Satellite for global military cellular network

SES GS Awarded US Government Satellite Solutions Contract

16th SPCS Defenders of critical satellite communications

First order for Elta ELK-1882T SATCOM network system

OIL AND GAS
OIL AND GAS
Lockheed Martin assembles third US Air Force GPS 3 satellite

DARPA digging for ideas to revolutionize subterranean mapping

China's GPS network Beidou joins global rescue data network

Galileo quartet fuelled and ready to fly

OIL AND GAS
Israel says F-35 stealth fighter jets operational

Boeing's new KC-46A tanker completes first flight

General Dynamics to support training software, hardware for Air Force

L-3 awarded $10.2M contract to support T-1A Jayhawk

OIL AND GAS
The quantum waltz of electrons hints at the next generation of chips

Secure information transmission over 500m fiber links based on quantum technologies

Squeezing light into a tiny channel brings optical computing a step closer

Discovery points the way to better and cheaper transparent conductors

OIL AND GAS
First global maps of traits that drive vegetation growth

Haze pollution affects satellite cloud detection

French NGO helps African mums shake off AIDS stigma

OGC seeks public comment on CDB Multi-spectral Imagery Extension

OIL AND GAS
Confiscation crusaders try to save Philippine paradise

Babies' brains at risk from toxic pollution: UN

Is underground transit worse for your health?

Doctors say no to sport in Delhi as cricketers choke in smog









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.