Raoul Nehme

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Raoul Nehme (Arabic: راوول نعمة‎; born 1956) is the Lebanese minister of economy and trade.

Life[edit]

Nehme went to school at Collège Notre Dame de Jamhour and studied in France at Ecole polytechnique (engineering with a major in economics) and Mines ParisTech (engineering with a major in scientific management).[1] He is a part of the Greek-Catholic community.

Career[edit]

In January 2020, he was appointed minister of economy and trade by Prime Minister Hassan Diab. He joined the government under the Free Patriotic Movement ticket, though he is not a member of this party himself.

Prior to his appointment in the government, he worked in the banking industry. He has had experience handling several establishment in crisis:

  • BLC bank (Lebanon) board member (2008–2015) and general manager (2010-2015), after it was put in receivership by the BDL due to mismanagement
  • T-bank (Turkey) chairman of the board,[2] brought in after the latter was severely affected by the economic crisis.
  • AstroBank (Cyprus) chairman of the executive committee[citation needed] (2017–present). He was also a board member on USB bank, a predecessor entity to AstroBank.
  • Bank Med (Lebanon) executive general manager[1] (June 2018 – Jan 2020).

He is the president and co-founder of NGO Jouzour Lebanon[3] (roots of Lebanon), an environmental NGO dedicated to reforestation.

Minister of Economy[edit]

His nomination as minister of economy came as Lebanon was experiencing a double political and economic crisis that resulted in a default[4] on March 9, 2020. The general situation was further complicated by the coincident COVID-19 pandemic. As minister of economy, Nehme introduced measures to protect the consumer by limiting abusive price increases,[5] banning exportation of critical medical equipment[6] and implementing measures to mitigate the propagating of the SARS-CoV-2.[7]

References[edit]

  1. ^ a b https://www.bankmed.com.lb/BOMedia/subservices/categories/News/20180608130233095.pdf
  2. ^ "T-BANK". en.tbank.com.tr. Retrieved 2020-03-15.
  3. ^ "Jouzour Loubnan Member Team". Jouzour Loubnan.
  4. ^ "S&P lowers Lebanon to 'selective default', says restructuring could be lengthy". Reuters. 2020-03-12. Retrieved 2020-03-15.
  5. ^ March 2020, Naharnet Newsdesk 05; 11:00. "Nehme, Najm Affirm 'Practical' Steps on Consumer Protection". Naharnet. Retrieved 2020-03-15.CS1 maint: numeric names: authors list (link)
  6. ^ February 2020, Naharnet Newsdesk 22; 10:15. "Lebanon Bans Export of Protective Equipment after Coronavirus Reveal". Naharnet. Retrieved 2020-03-15.CS1 maint: numeric names: authors list (link)
  7. ^ March 2020, Naharnet Newsdesk 14; 14:42. "Nehme Seeks Virus Spread Limitation at Grocery Stores". Naharnet. Retrieved 2020-03-15.CS1 maint: numeric names: authors list (link)

External links[edit]

Political offices
Preceded by
Mansour Bteich
List of Ministers of Economy and Trade (Lebanon)
2020–present
Incumbent