Nawaf Salam will arrive in Beirut on Tuesday to meet President Joseph Aoun. Photo: ICJ
Nawaf Salam will arrive in Beirut on Tuesday to meet President Joseph Aoun. Photo: ICJ
Nawaf Salam will arrive in Beirut on Tuesday to meet President Joseph Aoun. Photo: ICJ
Nawaf Salam will arrive in Beirut on Tuesday to meet President Joseph Aoun. Photo: ICJ

Who is Nawaf Salam, the man named Lebanon’s new Prime Minister?


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Nawaf Salam was named as Lebanon’s newest Prime Minister on Monday, bringing an end to more than two years of political paralysis. His appointment finally cuts loose ex-PM Najib Mikati’s cabinet, which officially resigned in 2022 but remained in a caretaker capacity until a new head-of-state could be elected.

Mr Salam’s appointment means he must forsake his post as president of the International Court of Justice (ICJ) in The Hague, to which he was elected for a three-year term in February 2024.

Support for Mr Salam illustrates a major break in the power balance of Lebanon's sectarian politics, after Hezbollah, the most dominant faction in Lebanon’s governance, took a beating in a war with Israel last year, its Syrian ally Bashar Al Assad was toppled and its supporter Iran’s geopolitical standing plummeting as a result.

With Mr Al Assad gone and Hezbollah considerably weakened politically and militarily, many hope Mr Salam’s appointment will start a new chapter in Lebanon's history. In only five years, the small country has been marred by war, major economic collapse, and deep distrust and dissatisfaction with the ruling classes.

In the wake of Lebanon's 2019 economic collapse, which led to the resignation of several governments, his name was frequently raised by opposition groups as an independent candidate for the position of prime minister.

His designation, along with the election of Gen Joseph Aoun to Lebanon’s presidency, marks a new era in Lebanese politics following years of deadlock. Still, as with many Lebanese officials elected to high government stations, Mr Salam comes from a somewhat dynastic, prominent political family; many of his relatives have played key political roles in Lebanon's history. His grandfather, Salim Salam, was the deputy of Beirut in the Ottoman parliament in 1912. His uncle Saeb Salam, who is regarded as one of the country's founding fathers, and his cousin, Tammam Salam, each served as prime minister.

Despite his dynastic background, those close to Mr Salam describe him as a reformist and a moderate intellectual. The diplomat, jurist, academic and now Prime Minister became involved in pro-Palestinian and leftist circles during his university years in the 1970s – a time when the world experienced a vibrant wave of student movements.

His friend, political scientist Karim Bitar, described him to The National in February as a “well-read multidisciplinary intellectual, familiar with sociology, history and political science, and an avid reader, who always has a reformist bend and cares about Lebanon's Arabic identity”.

Professor to judge

Mr Salam began his teaching career in the late 1970s as a history professor at Sorbonne University in Paris, then at Harvard Law School in Boston and the American University of Beirut, where he taught international relations and law.

In the 1990s, alongside teaching, Mr Salam dedicated himself to bringing about change in Lebanon, with a focus on transcending sectarianism towards a civil state and reforming the electoral code and the judicial system.

In 2007, Mr Salam moved to New York, where he served for 10 years as Lebanon’s permanent representative to the UN.

“Having taught international relations for 20 years, it felt like an opportunity to bridge the gap between theory and practice,” he told The National of his time at the UN last year.

During his term, he consistently advocated respecting UN Resolution 1701 for border stability in south Lebanon, establishing the Special Tribunal for Lebanon for former prime minister Rafik Hariri's assassination, and defending Palestinian rights.

In 2017, he was appointed a judge at the ICJ by the UN General Assembly and the Security Council. Mr Salam was the first Lebanese and the second Arab to head the UN's World Court, created in 1945 to settle disputes between states.

Despite Lebanon's continuing crisis, wrecked financial sector and political paralysis, Mr Salam has said he remains resolutely optimistic about his country's future.

Company Profile

Company name: Fine Diner

Started: March, 2020

Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka

Based: Dubai

Industry: Technology and food delivery

Initial investment: Dh75,000

Investor: Dtec Startupbootcamp

Future plan: Looking to raise $400,000

Total sales: Over 1,000 deliveries in three months

RESULTS

Bantamweight: Victor Nunes (BRA) beat Azizbek Satibaldiev (KYG). Round 1 KO

Featherweight: Izzeddin Farhan (JOR) beat Ozodbek Azimov (UZB). Round 1 rear naked choke

Middleweight: Zaakir Badat (RSA) beat Ercin Sirin (TUR). Round 1 triangle choke

Featherweight: Ali Alqaisi (JOR) beat Furkatbek Yokubov (UZB). Round 1 TKO

Featherweight: Abu Muslim Alikhanov (RUS) beat Atabek Abdimitalipov (KYG). Unanimous decision

Catchweight 74kg: Mirafzal Akhtamov (UZB) beat Marcos Costa (BRA). Split decision

Welterweight: Andre Fialho (POR) beat Sang Hoon-yu (KOR). Round 1 TKO

Lightweight: John Mitchell (IRE) beat Arbi Emiev (RUS). Round 2 RSC (deep cuts)

Middleweight: Gianni Melillo (ITA) beat Mohammed Karaki (LEB)

Welterweight: Handesson Ferreira (BRA) beat Amiran Gogoladze (GEO). Unanimous decision

Flyweight (Female): Carolina Jimenez (VEN) beat Lucrezia Ria (ITA), Round 1 rear naked choke

Welterweight: Daniel Skibinski (POL) beat Acoidan Duque (ESP). Round 3 TKO

Lightweight: Martun Mezhlumyan (ARM) beat Attila Korkmaz (TUR). Unanimous decision

Bantamweight: Ray Borg (USA) beat Jesse Arnett (CAN). Unanimous decision

THE BIO

Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13 

Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier

Favourite place to travel to: Any walkable city. I also love nature and wildlife 

What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents. 

Favorite place to go in the UAE: A quiet beach.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

COMPANY%20PROFILE
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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Updated: January 14, 2025, 6:37 AM