Saadeh Al Shami

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Saadeh Al Shami
File:Visit of Olivér Várhelyi to Lebanon P059027-837824 (cropped).jpg
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 (age 72)
NationalityLebanese
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

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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

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