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News ID: 103660
Publish Date : 14 June 2022 - 21:26
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MANAMA (Reuters) – Bahrain’s King Hamad bin Isa Al Khalifa has ordered a cabinet reshuffle that included appointing a new oil minister, state media reported. Mohammed Bin Mubarak Bin Dainah, who was the country’s envoy for climate affairs, was named minister of oil and environment, replacing Oil Minister Sheikh Mohammed bin Khalifa bin Ahmed Al Khalifa. Bahrain, a small non-OPEC oil producer, is one of the region’s most indebted countries, with its bonds rated “junk”. Persian Gulf allies helped it avert a credit crunch in 2018 with a $10 billion aid package. Ratings agencies Fitch and Moody’s have said Bahrain would likely need more financing from Persian Gulf neighbors.
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