Saadeh Al Shami

Saadeh Al Shami
Al Shami in 2022
Deputy Prime Minister of Lebanon
In office
10 September 2021 – 8 February 2025
PresidentMichel Aoun
Joseph Aoun
Prime MinisterNajib Mikati
Preceded byZeina Akar
Succeeded byTarek Mitri
Personal details
Born (1954-04-14) 14 April 1954
PartySyrian Social Nationalist Party (former)
CabinetThird Cabinet of Najib Mikati

Saadeh Al Shami (Arabic: سعادة الشامي; born 14 April 1954) is a Lebanese economist, academic and politician who served as the deputy prime minister of Lebanon in the cabinet led by Najib Mikati from 2021 to 2025.

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 of Lebanon 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.