Saadeh Al Shami

Saadeh Al Shami
Al Shami in 2022
Deputy Prime Minister of Lebanon
Incumbent
Assumed office
10 September 2021
PresidentMichel Aoun
Joseph Aoun
Prime MinisterNajib Mikati
Preceded byZeina Akar
Personal details
Born (1954-04-14) 14 April 1954 (age 70)
NationalityLebanese
Political partySyrian Social Nationalist Party (former)

Saadeh Al Shami (Arabic: سعادة الشامي; born 14 April 1954) is a Lebanese economist, academic and politician who has served as the deputy prime minister in the cabinet led by Najib Mikati since 10 September 2021.

Biography

Al Shami hails from a Lebanese Greek Orthodox family.[1][2] He was born on 14 April 1954.[3]

From 1987 to 1993 Al Shami was the head of the graduate school of business at the American University of Beirut.[4] He worked at the Lebanese premiership and the finance ministry as a head of the reform commission between 2005 and 2006.[4] Then from 2008 to 2013 he worked at the International Monetary Fund in different positions, including the assistant to the director of the Middle East and Central Asia department.[5] Al Shami also served as the head of Capital Markets Authority in Lebanon between 2013 and 2017.[5] In 2018 he began to work as the group chief economist at the National Bank of Kuwait.[4]

He was a member of the Syrian Social Nationalist Party.[6] In the proposed cabinet by Saad Hariri in July 2021 Al Shami was named as the minister of economy, but the cabinet was not approved by the Lebanese Parliament.[6] He was appointed deputy prime minister in the cabinet formed by Prime Minister Najib Mikati on 10 September 2021.[6]

In April 2022 Shami announced that the Banque du Liban, central bank of Lebanon, went bankrupt: "The state has gone bankrupt as did the Banque du Liban, and the loss has occurred, and we will seek to reduce losses for the people."[7]

References

  1. ^ "Lebanon crisis: Draft line-up that Hariri presented to Aoun". Ya Libnan. 16 July 2021. Retrieved 12 September 2021.
  2. ^ "Announcement of the Lebanese government headed by Mikati". middleeast.in-24.com. Retrieved 12 September 2021.
  3. ^ "Saadeh Al Shami". Wizarati. Retrieved 27 January 2024.
  4. ^ a b c Husseine Yassine (11 September 2021). "Who Is Saadeh Al-Shami, Lebanon's New Deputy Prime Minister". The 961. Retrieved 11 September 2021.
  5. ^ a b "Lebanon's new Cabinet". The National News. 10 September 2021. Retrieved 11 September 2021.
  6. ^ a b c "Learn about the cabinet lineup proposed by Saad Hariri". Prime Time Zone. 16 July 2021. Retrieved 11 September 2021.
  7. ^ "Lebanon's central bank not bankrupt, governor says". Reuters. Beirut. 4 April 2022. Retrieved 5 April 2022.