Lebanese Prime Minister Nawaf Salam speaks to the press following the formation of the new government at the presidential palace in Baabda, Lebanon, on February 8, 2025. Reuters
Lebanese Prime Minister Nawaf Salam speaks to the press following the formation of the new government at the presidential palace in Baabda, Lebanon, on February 8, 2025. Reuters
Lebanese Prime Minister Nawaf Salam speaks to the press following the formation of the new government at the presidential palace in Baabda, Lebanon, on February 8, 2025. Reuters
Lebanese Prime Minister Nawaf Salam speaks to the press following the formation of the new government at the presidential palace in Baabda, Lebanon, on February 8, 2025. Reuters

Lebanon's PM packs cabinet with heavy hitters from business and finance world


Amr Mostafa
  • English
  • Arabic

Lebanon's Prime Minister Nawaf Salam formed a government on Saturday, ending more than two-and-a-half years of caretaker leadership. The formation of a new government is a crucial step for the country before the expiry of a ceasefire agreement with Israel on February 18.

Mr Salam asserted that no party would have the power to obstruct the government's work. Over the past two decades, Hezbollah and its allies have held enough seats to challenge the cabinet and exert significant influence over decision-making. However, it is unlikely that they retain that influence in the current government, formed under international and regional pressure.

The new Prime Minister has said that the new cabinet, which still needs to be approved by parliament, will not consist of members of political parties, often accused of corruption, insisting instead that it would be a reform government.

But in a country where power is shared according to sectarian quotas, cabinet members were selected after consultations with political leaders.

Key ministers in Lebanon's new government

Deputy Prime Minister: Tarek Mitri

Lebanese acting Foreign Minister Tarek Mitri attends an Arab League emergency meeting in Cairo on May 11, 2008. AFP
Lebanese acting Foreign Minister Tarek Mitri attends an Arab League emergency meeting in Cairo on May 11, 2008. AFP

Mr Mitri is the President of Saint George University of Beirut since 2018. He is chairman on the boards of the Institute of Palestine Studies and Nicolas Ibrahim Sursock Museum and is a member of the Arab Centre for Research and Policy Studies.

A former UN envoy to Libya, he served as the special pepresentative of the UN Secretary General (2012- 2014). From 2005 to 2011, he was member of four successive Lebanese governments as minister of environment, administrative reform, culture, information and acting minister of foreign affairs.

Finance Minister: Yassin Jaber

Lebanon. Lebanese Minister of Finance: Yassin Jaber. Photo: European Parliament
Lebanon. Lebanese Minister of Finance: Yassin Jaber. Photo: European Parliament

The vital Finance Ministry had been nominated by the Amal Movement, headed by long-time parliamentary speaker Nabih Berri – who Mr Jaber is close to. He is a former economy and transport minister and was previously a lawmaker and part of Mr Berri's Hezbollah-allied Amal bloc, although he is not officially a member of a party.

His naming had been leaked and criticised by some as being beneficial to Mr Berri.

Long dominated by the two Shiite parties, the portfolio will be key at a time when Lebanon needs funding to rebuild after years of an economic crisis and war with Israel.

Economy Minister: Amer Bsat

Lebanese Economy Minister Amer Bsat. Photo: MEI
Lebanese Economy Minister Amer Bsat. Photo: MEI

Mr Bsat is an important figure in a new government that will attempt to pull the country out of one of the world’s worst financial crises.

Mr Bsat, head of emerging markets fixed income at the US investment firm BlackRock, will be among the team tasked with preparing a recovery plan to unlock a stalled $3 billion International Monetary Fund package and oversee financial restructuring.

Foreign Minister: Youssef Rajji

Minister of Foreign Affairs and Emigrants: Youssef Rajji. Photo: NNA
Minister of Foreign Affairs and Emigrants: Youssef Rajji. Photo: NNA

Mr Rajji is a diplomat who built his career within the Ministry of Foreign Affairs before being appointed ambassador to Jordan. He also held other diplomatic posts at the Lebanese missions in South Korea, Morocco and Ivory Coast.

Social Affairs Minister: Hanin Sayyed

Lebanon. Lebanese Minister of Social Affairs Hanin Sayyed. Photo: NNA
Lebanon. Lebanese Minister of Social Affairs Hanin Sayyed. Photo: NNA

She is an economist and author who has worked extensively with the World Bank, including on its response to Lebanon's economic crisis and to the war in neighbouring Syria. Her appointment comes at an important time given the urgent need to unlock financial aid and amid political developments in Syria.

Energy Minister: Joseph Saddi

Lebanese Energy Minister: Joseph Saddi. Photo: PwC
Lebanese Energy Minister: Joseph Saddi. Photo: PwC

He holds an MBA from Cornell University in the US and worked in consulting. He was senior partner and chairman of consulting firm Strategy&'s Middle East business and had previously been a chairman of the board at Booz & Company.

His LinkedIn profile says he was based in the UAE and had led privatisation programmes in the energy, mining, and steel sectors and advised Middle East governments on deregulation and policy.

It is the first time in years that the energy minister was not named by the Free Patriotic Movement – a Christian party once close to Hezbollah before relations soured over hostilities with Israel. The party has no ties to the current government.

Environment Minister: Tamara Zein

Lebanon. Lebanese Minister of Environment Tamara Zein. Photo: NNA
Lebanon. Lebanese Minister of Environment Tamara Zein. Photo: NNA

Ms Zein has been secretary-general of Lebanon's National Council for Scientific Research since 2022. She is vice president of the Lebanese National Commission for UN cultural body Unesco. She holds a doctorate in physical chemistry from France's Universite de Haute-Alsace.

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHayvn%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EChristopher%20Flinos%2C%20Ahmed%20Ismail%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EAbu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Efinancial%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%3Cbr%3E%3Cstrong%3ESize%3A%3C%2Fstrong%3E%2044%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eseries%20B%20in%20the%20second%20half%20of%202023%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHilbert%20Capital%2C%20Red%20Acre%20Ventures%3C%2Fp%3E%0A
hall of shame

SUNDERLAND 2002-03

No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.

SUNDERLAND 2005-06

Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.

HUDDERSFIELD 2018-19

Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.

ASTON VILLA 2015-16

Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.

FULHAM 2018-19

Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.

LA LIGA: Sporting Gijon, 13 points in 1997-98.

BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66

Updated: February 09, 2025, 9:46 AM