Kuwait is promoting the central bank's deputy governor to the institution's top spot following the resignation of its long-serving leader last month, the finance minister announced Sunday.
The appointment of Mohammed Yusef al-Hashel as central bank governor comes as Kuwaiti labor groups, emboldened by Arab Spring protests elsewhere in the region, press for higher wages and perks from the country's rulers.
Mustafa al-Shimali, the Gulf nation's deputy prime minister and minister of finance, said the Cabinet approved al-Hashel's appointment, according to the official Kuwait News Agency.
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