KHALEEJ TIMES, Thursday, Dec 6, 2018 | Rabi Al Awwal 28, 1440
Bahrain appoints cabinet with new finance minister after parliament vote
Bahrain's king on
Tuesday reappointed Sheikh Khalifa bin Salman Al Khalifa as prime minister who
then formed a cabinet with a new finance minister but no other changes to key
The cabinet had tendered its
resignation on Sunday to King Hamad bin Isa Al Khalifa as required by law after
parliamentary elections in the Gulf Arab state.
Sheikh Salman bin Khalifa Al Khalifa
replaced Sheikh Ahmed bin Mohammed Al Khalifa as finance minister, according to
a statement carried by the state Bahrain News Agency.
Sheikh Khalifa, 83, has served as the
prime minister of Bahrain, home to the U.S. Navy's Fifth Fleet, since the Sunni
Muslim-led island kingdom declared independence from Britain in 1971.
Sheikh Khalid bin Ahmed Al Khalifa
retained his post as foreign minister and Sheikh Mohammed bin Khalifa Al Khalifa
as oil minister.
Bahrain, which does not possess vast
oil wealth like other Gulf states, signed a deal in October with Saudi Arabia,
the United Arab Emirates and Kuwait for a $10 billion aid package tied to fiscal
reforms that has averted the risk of a credit crunch.
Bahrain's finances have been hit by
an oil price slump since 2014. The new parliament is expected to pass austerity
measures needed to secure the aid package.