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Tuesday, 1 November 2016

Saudi Arabia fires veteran finance minister

Saudi Arabia fires veteran finance minister:

"Saudi Arabia’s King Salman bin Abdulaziz has sacked the kingdom’s veteran finance minister, removing the last remnant of the late King Abdullah’s economic management team.

Ibrahim al-Assaf will be replaced by Mohammed al-Jadaan, chairman of the country’s capital markets regulator, following a series of royal decrees issued late on Monday.

Mr Assaf, 67, had been in the role since 1996, becoming a close ally of King Abdullah, whose death last year triggered a raft of sweeping ministerial changes including the removal of longtime oil minister Ali al-Naimi in May."



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