Raoul Nehme

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

Raoul Nehme
راؤول نعمة

Life

Nehme went to school at Collège Notre Dame de Jamhour and studied in France at the 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

In January 2020, Nehme was appointed minister of economy and trade by Prime Minister Hassan Diab. He joined the government as President's nominee, though he is himself independent.

Prior to his appointment in the government, Nehme worked in the banking industry. He has experience handling several establishments 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 (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).

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

Minister of Economy

Nehme's 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
  1. 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)
Political offices
Preceded by
Mansour Bteich		 List of Ministers of Economy and Trade (Lebanon)
2020–present		 Incumbent
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