Off the wire
• Israel asks for delay in West Bank outpost evacuation  • Egyptian, Chinese experts discuss Middle East issues in Cairo  • Gold down on stronger U.S. dollar  • Ghana deepens reforms to reduce cost of doing business  • UN chief welcomes election of Lebanon's president  • Butterfly in Britain threatened by increasingly frequent extreme weather: study  • Macedonian gov't committed to boosting savings in banking system: minister  • Cyber crime in Austria sees 11-pct increase in 2015  • Bank of England chief to stay until after Britain's exit from EU  • BiH FM calls for further improvement of economic cooperation with Albania  
You are here: 　 Home

Saudi king dismisses finance minister

Xinhua, November 1, 2016 Adjust font size:

Saudi King Salman bin Abdulaziz Al Saud dismissed the country's finance minister on Monday, Saudi Press Agency reported.

The royal order replaced the finance minister Ibrahim Al Assaf with Mohamed Al Jadaan, the chairman of the Finance Market Authority, and reappointed him as a state minister.

The dismissal came as the country is facing financial complications caused by dropping oil prices and austerity measures that involve cutting salaries of ministers and top officials.

Heads of key organizations, such as the Food and Medicine Authority and Public Transportation Authority, were also shuffled in similar royal orders. Endit