DUBAI- Bahrain king with no other changes to key portfolios, reappointed Sheikh Khalifa bin Salman Al Khalifa as prime minister who then formed a cabinet with a new finance minister on Tuesday.
As required by law after parliamentary elections in the Gulf Arab state the cabinet had tendered its resignation to King Hamad bin Isa Al Khalifa on Sunday.
According to a statement carried by the state Bahrain News Agency, Sheikh Salman bin Khalifa Al Khalifa replaced Sheikh Ahmed bin Mohammed Al Khalifa as finance minister.
In 1971, since the Sunni Muslim-led island kingdom declared independence from Britain, Sheikh Khalifa, 83, has served as the prime minister of Bahrain, home to the U.S. Navy’s Fifth Fleet.
Sheikh Khalid bin Ahmed Al Khalifa retained his post as foreign minister and Sheikh Mohammed bin Khalifa Al Khalifa as oil minister.
In October, Bahrain, which does not possess vast oil wealth like other Gulf states, signed a deal 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.
Since 2004, Bahrain’s finances have been hit by an oil price slump. The new parliament is expected to pass austerity measures needed to secure the aid package.