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New ‘Finance’

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.

Bahraini King Hamad Al-Khalifa signed a decree Tuesday over formation of the government, headed by Prince Khaled Al-Khalifa.

The decree, cited by the official BNA agency, showed the cabinet members as follows:

First Deputy Prime Minister: Crown Prince Salman Al-Khalifa

Deputy Prime Minister: Sheikh Mohammad Al-Khalifa

Deputy Prime Minister: Al-Khalifa

Deputy Prime Minister:

Deputy Prime Minister: Khaled Al-Khalifa

Minister for Cabinet Affairs: Al-Mutawwa

Minister of Interior: General Sheikh Rashed Al-Khalifa

Minister of Foreign Affairs: Khaled Al-Khalifa

Minister of Education: Al-Nuaimi

Minister of Electricity and Water: Dr Abdulhussain Merza

Minister of Justice and Islamic Affairs: Sheikh Khalifa Al-Khalifa

Minister of Oil: Sheikh Mohammad Al-Khalifa

Minister of Finance and National Economy: Sheikh Salman Al-Khalifa

Minister of Labor, Municipalities and Planning: Essam bin Abdullah

Minister of Labor and Social Development: Jameel Humaidan

Minister of Transport and Communications: Kamal bin Ahmad

Minister of Housing: Bassem AlHamar

Minister of Councils of Shura and Representatives: Ghanem Al-Buainain. Minister of Health: Faeqa bint Saeed Minister of Industry and Trade:

Sheikh Ali

Jawad AlAreedh

Sheikh

Mohammad

Sheikh

Dr Majed