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]
| Salem Abdulaziz Al Sabah | |||||
|---|---|---|---|---|---|
| Deputy Prime Minister and Minister of Finance | |||||
| In office | 4 August 2013 – January 2014 | ||||
| Predecessor | Mustafa Al Shamali (as finance minister) | ||||
| Successor | Anas Khalid Al Saleh | ||||
| Monarch | Sheikh Sabah Al Sabah | ||||
| Governor of Central Bank of Kuwait | |||||
| In office | September 1986 – February 2012 | ||||
| Predecessor | Abdulwahab Ali Al Tammar | ||||
| Successor | Mohammad Al Hashel | ||||
| Monarch | Sheikh Sabah Al Sabah | ||||
| Born | 1 November 1951 | ||||
| |||||
| House | House of Sabah | ||||
| Alma mater | American University of Beirut | ||||
Education
editAl 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
editFollowing 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
edit- ^ "وزارة المالية - دولة الكويت". www.mof.gov.kw (in Arabic).
- ^ a b "Executive Bios". Dhownet. Retrieved 21 August 2022.
- ^ a b c "Sheikh Salem Al Abdulaziz Al Sabah". APS Review Downstream Trends. 29 June 2009. Retrieved 11 October 2013.
- ^ "Former Governors. Sheikh Salem Abdulaziz Al Saud Al Sabah". Central Bank of Bahrain. Retrieved 30 November 2022.
- ^ a b c 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.
- ^ 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.
- ^ Tom Arnold (15 February 2012). "Long-serving Kuwait central bank chief resigns". The National. Retrieved 11 October 2013.
- ^ a b "Kuwait banking". MEED. 25 January 2009. Retrieved 27 May 2023.
- ^ "Kuwait to take measures to cut spending". Arabian Business. Reuters. 1 October 2012. Retrieved 11 October 2013.
- ^ "Kuwait's new cabinet". GlobalPost. AFP. 4 August 2013. Retrieved 11 October 2013.
- ^ "Al Shamali oil minister in new Kuwait cabinet". Trade Arabia. 4 August 2013. Retrieved 11 October 2013.
- ^ Omar Hasan (4 August 2013). "Kuwait forms cabinet with new oil, finance ministers". Fox News. Kuwait City. AFP. Retrieved 11 October 2013.
- ^ "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.
- ^ Martin Dokoupil. (8 October 2013). New Kuwait finance minister slams bloated administration, red tape Reuters (Dubai). Retrieved 21 December 2013.
- ^ "Kuwait cabinet reshuffle brings seven new faces". Asharq Al-Awsat. London. 7 January 2014. Retrieved 10 September 2014.