Biography:Salem Abdulaziz Al Sabah

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Short description: Kuwaiti royal and politician (born 1951)
Short description: Deputy Prime Minister and Minister of Finance
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 officeSeptember 1986 – February 2012
PredecessorAbdulwahab Ali Al Tammar
SuccessorMohammad Al Hashel
MonarchSheikh Sabah Al Sabah
Born (1951-11-01) 1 November 1951 (age 72)
Full name
Salem Abdulaziz Al Saud Al Sabah
HouseHouse of Sabah
Alma materAmerican University of Beirut

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]

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. ↑ "وزارة المالية - دولة الكويت" (in ar). https://www.mof.gov.kw/MOFInfo/MOFInfo.aspx#mofInfo10. 
  2. ↑ 2.0 2.1 "Executive Bios". Dhownet. https://dhow.com/biographies/52832327/salem-abdulaziz-saud-assabah/. 
  3. ↑ 3.0 3.1 3.2 "Sheikh Salem Al Abdulaziz Al Sabah". APS Review Downstream Trends. 29 June 2009. http://www.thefreelibrary.com/Shaikh+Salem+Al-'Abdul-'Aziz+Al-Sabah.-a0203061497. 
  4. ↑ "Former Governors. Sheikh Salem Abdulaziz Al Saud Al Sabah". Central Bank of Bahrain. https://www.cbk.gov.kw/en/about-cbk/history/s-alsabah-profile. 
  5. ↑ 5.0 5.1 5.2 Kuwait 1975/76 - 2019. 3. Leiden; Boston, MA: Brill Publishers. 2019. p. 398. ISBN 978-90-04-42381-7. https://books.google.com/books?id=em3DDwAAQBAJ&pg=PA398. 
  6. ↑ 6.0 6.1 Louise Armitstead (13 February 2012). "Kuwait's central bank boss Sheikh Salem Abdulaziz Al Sabah quits after criticising state". The Telegraph. https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9080116/Kuwaits-central-bank-boss-Sheikh-Salem-Abdulaziz-Al-Sabah-quits-after-criticising-state.html. 
  7. ↑ Tom Arnold (15 February 2012). "Long-serving Kuwait central bank chief resigns". The National. http://www.thenational.ae/business/industry-insights/finance/long-serving-kuwait-central-bank-chief-resigns. 
  8. ↑ 8.0 8.1 "Kuwait banking". MEED. 25 January 2009. https://www.meed.com/kuwait-banking/. 
  9. ↑ "Kuwait to take measures to cut spending". Arabian Business. 1 October 2012. http://www.arabianbusiness.com/kuwait-take-measures-cut-spending-cenbank-474870.html. 
  10. ↑ "Kuwait's new cabinet". GlobalPost. AFP. 4 August 2013. http://www.globalpost.com/dispatch/news/afp/130804/kuwaits-new-cabinet. 
  11. ↑ "Al Shamali oil minister in new Kuwait cabinet". Trade Arabia. 4 August 2013. http://www.thefreelibrary.com/Al-Shamali+oil+minister+in+new+Kuwait+cabinet.-a0338721280. 
  12. ↑ Omar Hasan (4 August 2013). "Kuwait forms cabinet with new oil, finance ministers". Fox News. AFP (Kuwait City). http://www.foxnews.com/world/2013/08/04/kuwait-forms-cabinet-with-new-oil-finance-ministers/. 
  13. ↑ "The Finance Ministry, KIA & KIO". APS Review Gas Market Trends. 3 June 1991. http://www.highbeam.com/doc/1G1-42130003.html. 
  14. ↑ Martin Dokoupil. (8 October 2013). New Kuwait finance minister slams bloated administration, red tape Reuters (Dubai). Retrieved 21 December 2013.
  15. ↑ "Kuwait cabinet reshuffle brings seven new faces". Asharq Al-Awsat (London). 7 January 2014. http://www.aawsat.net/2014/01/article55326744. 



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