Salem_Abdulaziz_Al_Sabah

Salem Abdulaziz Al Sabah

Salem Abdulaziz Al Sabah

Kuwaiti royal and politician (born 1951)

Salem Abdulaziz Al Sabah (Arabic: سالم عبدالعزيز الصباح; born 1 November 1951) is a Kuwaiti economist and politician. A member of the ruling Al Sabah family, he served as deputy prime minister and minister of finance from 4 August 2013 to January 2014.[1]

Quick Facts Deputy Prime Minister and Minister of Finance, In office ...

Education

Al Sabah was born on 1 November 1951.[2] He graduated from the American University of Beirut in 1977 receiving a degree in economics.[2][3]

Career

Following his graduation Al Sabah started his career at the Central Bank of Kuwait in 1977 and served in various posts.[4] He was appointed governor of the Central Bank of Kuwait in September 1986 when Abdulwahab Ali Al Tammar resigned from the post.[5] Al Sabah's tenure ended in February 2012.[3][6] During his tenure he adopted reformist policies,[7] and held the following positions: chair of Institute of Banking Studies,[3][8] deputy governor at the Arab Monetary Fund and board member of Kuwait Investment Authority.[5] In addition, he served as a member of the Kuala Lumpur-based Islamic Financial Services Board.[8] He resigned from the governorship of the Central Bank after criticizing the Kuwaiti government's spending policies.[6] Mohammad Al Hashel succeeded him as governor in March 2012.[5][9]

On 4 August 2013, Al Sabah was appointed both deputy prime minister and finance minister.[10] He replaced Mustafa Al Shamali as finance minister.[11][12] As finance minister, Al Sabah also headed the Kuwait Investment Authority.[13]

In October 2013, Al Sabah publicly stated that the economy of Kuwait could grow only if administrative reforms were realized.[14] His tenure ended in January 2014 when Anas Khalid Al Saleh was appointed finance minister.[15]

References

  1. [1]
    "وزارة المالية - دولة الكويت". www.mof.gov.kw (in Arabic).
  2. [2]
    "Executive Bios". Dhownet. Retrieved 21 August 2022.
  3. [3]
    "Sheikh Salem Al Abdulaziz Al Sabah". APS Review Downstream Trends. 29 June 2009. Retrieved 11 October 2013.
  4. [4]
    "Former Governors. Sheikh Salem Abdulaziz Al Saud Al Sabah". Central Bank of Bahrain. Retrieved 30 November 2022.
  5. [5]
    Anthony Axon; Susan Hewitt, eds. (2019). Kuwait 1975/76 - 2019. Vol. 3. Leiden; Boston, MA: Brill Publishers. p. 398. ISBN 978-90-04-42381-7.
  6. [6]
    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.
  7. [7]
    Tom Arnold (15 February 2012). "Long-serving Kuwait central bank chief resigns". The National. Retrieved 11 October 2013.
  8. [8]
    "Kuwait banking". MEED. 25 January 2009. Retrieved 27 May 2023.
  9. [9]
    "Kuwait to take measures to cut spending". Arabian Business. Reuters. 1 October 2012. Retrieved 11 October 2013.
  10. [10]
    "Kuwait's new cabinet". GlobalPost. AFP. 4 August 2013. Retrieved 11 October 2013.
  11. [11]
    "Al Shamali oil minister in new Kuwait cabinet". Trade Arabia. 4 August 2013. Retrieved 11 October 2013.
  12. [12]
    Omar Hasan (4 August 2013). "Kuwait forms cabinet with new oil, finance ministers". Fox News. Kuwait City. AFP. Retrieved 11 October 2013.
  13. [13]
    "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.
  14. [14]
    Martin Dokoupil. (8 October 2013). New Kuwait finance minister slams bloated administration, red tape Reuters (Dubai). Retrieved 21 December 2013.
  15. [15]
    "Kuwait cabinet reshuffle brings seven new faces". Asharq Al-Awsat. London. 7 January 2014. Retrieved 10 September 2014.
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