Jordan's King Abdullah II gives a speech during the inauguration of parliament in Amman on December 10, 2020. AP
Jordan's King Abdullah II gives a speech during the inauguration of parliament in Amman on December 10, 2020. AP
Jordan's King Abdullah II gives a speech during the inauguration of parliament in Amman on December 10, 2020. AP
Jordan's King Abdullah II gives a speech during the inauguration of parliament in Amman on December 10, 2020. AP

Jordan 2021 Cabinet reshuffle: Who are the kingdom's new ministers?


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Jordan’s King Abdullah this week appointed new ministers of interior and justice in a Cabinet reshuffle after their predecessors stepped down for breaching emergency Covid-19 containment rules.

Eight other new ministers were appointed to the 28-minister Cabinet.

Bisher Al Khasawneh, a former diplomat, is still prime minister. The king appointed Mr Al Khasawneh in October amid a surge of coronavirus deaths and infections.

Labour Minister Maen Qatamin resigned after the reshuffle because the additional role he played to promote investment had been taken away.

The main roles to change hands were interior and justice.

It came after ministers were caught two weeks ago attending a banquet at a restaurant without observing coronavirus restrictions, in  breach of the country's emergency law.

The two ministers, Samir Mubaidin and Bassam Al Talhouni, were among the highest-ranking officials in charge of enforcing virus rules.

Here are the new names in Jordan’s Government:

Interior Minister Mazen Al Faraya

Jordan's King Abdullah II swears in Mazen Al Faraya as the Minister of Interior at Basman Palace. Courtesy Royal Hashemite Court
Jordan's King Abdullah II swears in Mazen Al Faraya as the Minister of Interior at Basman Palace. Courtesy Royal Hashemite Court

Mr Al Faraya is an army officer and headed the coronavirus response team.

Justice Minister Ahmad Al Ziadat

Mr Al Ziadat was dean of law at the University of Jordan and has a PhD from Britain.

Minister of State for Media Affairs Sakhr Dodin

Jordan's King Abdullah II swears in Sakhr Dodin as Minister of State for Media Affairs at Basman Palace. Courtesy Royal Hashemite Court
Jordan's King Abdullah II swears in Sakhr Dodin as Minister of State for Media Affairs at Basman Palace. Courtesy Royal Hashemite Court

The position is the same as the government’s spokesman. Mr Dodin is an engineer-businessman. He sits on the board of several charities.

Culture Minister Ali Al Ayed

Jordan's King Abdullah II swears in Ali Al Ayed as new Minister of Culture. Courtesy Royal Hashemite Court
Jordan's King Abdullah II swears in Ali Al Ayed as new Minister of Culture. Courtesy Royal Hashemite Court

Mr Al Ayed was Mr Dodin’s predecessor. He was Jordan’s ambassador to Israel in the late 2000s.

Transport Minister Wajih Azaizeh

Jordan's King Abdullah II swears in Wajih Azaiza as Minister of Transport at Basman Palace. Courtesy Royal Hashemite Court
Jordan's King Abdullah II swears in Wajih Azaiza as Minister of Transport at Basman Palace. Courtesy Royal Hashemite Court

Mr Azaizeh was minister of social affairs twice in the last decade. He is a member of a government committee entrusted with maintaining the Al Aqsa Mosque in Jerusalem.

Irrigation Minister Mohammed Al Najjar

Jordan's King Abdullah II swears in Mohammed Al Najjar as Minister of Water and Irrigation at Basman Palace. Courtesy Royal Hashemite Court
Jordan's King Abdullah II swears in Mohammed Al Najjar as Minister of Water and Irrigation at Basman Palace. Courtesy Royal Hashemite Court

Mr Al Najjar has held the same ministerial position multiple times in the last decade. He headed several departments in the government’s water sector in the 1980s and 1990s and was in charge of a sewage master plan for Amman and the adjacent city of Zarqa.

Agriculture Minister Khaled Al Huneifat

Mr Al Huneifat held the same position three years ago. Before that he headed the municipality of Tafileh in southern Jordan.

Education Minister Mohammad Abu Qudeis

Mr Qudeis taught mechanical engineering in the United States and headed the University of Yarmouk in north Jordan.

Legal affairs minister Mahmoud Kharabsheh

Mr Al Kharabsheh was a lawyer and an intelligence officer.

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The biog

Born November 11, 1948
Education: BA, English Language and Literature, Cairo University
Family: Four brothers, seven sisters, two daughters, 42 and 39, two sons, 43 and 35, and 15 grandchildren
Hobbies: Reading and traveling

UAE currency: the story behind the money in your pockets
AS IT STANDS IN POOL A

1. Japan - Played 3, Won 3, Points 14

2. Ireland - Played 3, Won 2, Lost 1, Points 11

3. Scotland - Played 2, Won 1, Lost 1, Points 5

Remaining fixtures

Scotland v Russia – Wednesday, 11.15am

Ireland v Samoa – Saturday, 2.45pm

Japan v Scotland – Sunday, 2.45pm

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business

 

Tickets

Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.