Salem Abdulaziz Al Sabah

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Salem Abdulaziz Al Sabah
Deputy Prime Minister and Minister of Finance
In office4 August 2013 – January 2014
PredecessorMustafa Al Shamali (as finance minister)
SuccessorAnas Khalid Al Saleh
MonarchSheikh Sabah Al Sabah
Governor of Central Bank of Kuwait
In office1986 – February 2012
SuccessorMohammad Al Hashel
MonarchSheikh Sabah Al Sabah
HouseHouse of Sabah
Alma materAmerican University of Beirut

Salem Abdulaziz Al Sabah is a Kuwaiti politician who served as deputy prime minister and minister of finance from 4 August 2013 to January 2014.[1] He is a member of the ruling family, Al Sabah.

Education[]

Sabah graduated from the American University of Beirut.[2]

Career and views[]

Sabah was the governor of the Central Bank of Kuwait from 1986 to February 2012.[2][3] During his tenure he adopted reformist policies,[4] and held the following positions: chair of Institute of Banking Studies,[2] deputy governor at the Arab Monetary Fund and board member of Kuwait Investment Authority.[5] He resigned from the post due to his objections in regard to the Kuwaiti government's spending policies.[3] Mohammad Al Hashel succeeded Sabah as governor in March 2012.[6]

On 4 August 2013, Sabah was appointed both deputy prime minister and finance minister.[7] He replaced Mustafa Al Shamali as finance minister.[8][9] As finance minister, Sabah headed the Kuwait Investment Authority.[10]

In October 2013, Sabah stated that the economy of Kuwait could grow only if administrative reforms were realized.[11] His tenure ended in January 2014 when Anas Khalid Al Saleh was appointed finance minister.[12]

References[]

  1. ^ "وزارة المالية - دولة الكويت". www.mof.gov.kw.
  2. ^ Jump up to: a b c "Sheikh Salem Al Abdulaziz Al Sabah". APS Review Downstream Trends. 29 June 2009. Retrieved 11 October 2013.
  3. ^ Jump up to: a b Louise Armitstead (13 February 2012). "Kuwait's central bank boss Sheikh Salem Abdulaziz Al Sabah quits after criticising state". The Telegraph. Retrieved 11 October 2013.
  4. ^ Tom Arnold (15 February 2012). "Long-serving Kuwait central bank chief resigns". The National. Retrieved 11 October 2013.
  5. ^ "Sheikh Salem Abdulaziz Al Sabah". BusinessWeek. Retrieved 11 October 2013.
  6. ^ "Kuwait to take measures to cut spending - cenbank". Reuters via Arabian Business. 1 October 2012. Retrieved 11 October 2013.
  7. ^ "Kuwait's new cabinet". Global Post. AFP. 4 August 2013. Retrieved 11 October 2013.
  8. ^ "Al Shamali oil minister in new Kuwait cabinet". TradeArabia. 4 August 2013. Retrieved 11 October 2013.
  9. ^ Omar Hasan (4 August 2013). "Kuwait forms cabinet with new oil, finance ministers". Fox News. Kuwait City. AFP. Retrieved 11 October 2013.
  10. ^ "The Finance Ministry, KIA & KIO". APS Review Gas Market Trends. 3 June 1991. Archived from the original on 10 June 2014. Retrieved 21 December 2013. – via HighBeam (subscription required)
  11. ^ Martin Dokoupil. (8 October 2013). New Kuwait finance minister slams bloated administration, red tape Reuters (Dubai). Retrieved 21 December 2013.
  12. ^ "Kuwait cabinet reshuffle brings seven new faces". Asharq Al Awsat. London. 7 January 2014. Retrieved 10 September 2014.
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