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Middle EastOctober 1 2006

‘Father of all banks’ keeps his patience

Central bank governor Sheikh Salem remains positive about Kuwait’s prospects of becoming a financial centre… eventually. Karina Robinson talks to him.
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Sheikh Salem Abdul Aziz Al-Sabah is an optimist. Nothing else can explain his 20-year stint as governor of the Central Bank of Kuwait, eternally ignored in his calls for privatisation and the development of the country’s capital markets. Nor his belief that the Gulf Cooperation Council’s (GCC) quest for a single currency by 2010 stands a good chance. Let alone his confidence that Kuwait can be a regional financial centre.

Longevity

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