Adnan Kassar Explained

Office:Minister of State
Primeminister:Saad Hariri
Term Start:9 November 2009
Term End:June 2011
Office1:Minister of Economy and Trade
Primeminister1:Omar Karami
Predecessor1:Marwan Hamadeh
Successor1:Demianos Khattar
Term Start1:2004
Term End1:2005
Birth Place:Beirut, Lebanon
Party:Independent
Alma Mater:St. Joseph University
Spouse:Raedaa Miskaoui
Nationality:Lebanese
Children:1
Website:Official website

Adnan Kassar (Arabic: عدنان القصار; born 1930) is a Lebanese banker, businessman and politician, who served at different cabinet posts.

Early life and education

Kassar was born into a Sunni family in Beirut in 1930.[1] His father, Wafiq Kassar, was a prominent diplomat who served as the ambassador of Lebanon in Pakistan and Turkey.[1] His mother was Chafika Diab.[1]

Kasar received a law degree from St. Joseph University in 1951.[1] [2] [3]

Career

At age 25 Kassar managed to build a business partnership with China in 1955.[4] In addition to being a businessman, he is a banker dealing finance investments. He has founded and owns various companies concerning trade, shipping and travel, and industry. He is one of the owners of the Banque Libano-Francaise together with Farid Raphael, his brother Nadim Kassar and Victor Kassir.[5] Kassar acquired the bank in 1980.[6]

Kassar served as the president of the Beirut Chamber of Commerce and Industry for nearly thirty years to which he was elected in January 1972.[7] In June 1997, he became the president of the Federation of Chambers of Commerce, Industry and Agriculture in Lebanon.[7] From 1999 to 2000, he headed the International Chamber of Commerce (ICC) based in Paris,[8] being the first Arab to preside over it. On 1 January 2001, Richard D. McCormick, who served as his deputy at the ICC, succeeded Kassar as head of the ICC.[9]

In January 2003, Kassar was appointed member of the patrons committee of the Anglo-Arab organisation.[2] In addition, Kassar and his brother are shareholders of Fransabank, a large Lebanese commercial bank.[10] As of 2013 Kassar was serving as the chairman of the bank.[11] He was also chairman of the general union of Arab chambers of commerce, industry and agriculture and of Lebanon’s economic committees.[12]

In October 2004, Kassar was appointed minister of economy and trade to the cabinet led by Prime Minister Omar Karami, replacing Marwan Hamadeh as economy minister.[13] His tenure lasted until 2005 when Karami resigned from office due to the pressures exerted by Lebanese people as a protest over the assassination of Rafik Hariri.[14] Kassar was succeeded by Demianos Khattah in the post.[8] [13] Later Kassar served as the minister of state in the cabinet led by Prime Minister Saad Hariri from November 2009 to 2011.[11] [15] Kassar was one of the cabinet members appointed by the Lebanese President Michel Suleiman.[16]

Kassar has been regarded as a potential prime minister since the beginning of the 2000s.[8] [17]

Awards and honors

Kassar has also been given other awards, including, Commander of the Order of La Pléiade, Hungarian Order of Merit, and the prize of the Crans Montana Forum (2000).[2] [6] The Union of Arab Banks awarded him with the title of the Banker of the Year for the period 2012–2013.[18] He is the recipient of the Business for Peace Award (2014)[19] and was named as the honorary chairman of the Silk Road Chamber of International Commerce in 2016.[6]

In April 2015 the School of Business at the Lebanese American University was named after Adnan Kassar.[20]

Personal life

Kassar married Raedaa Miskaoui on 14 June 1969, and they have a daughter, Roula Kassar.[1] [13]

Notes and References

  1. Book: Who's Who in Lebanon. 2007. Publitec Publications. 10.1515/9783110945904.476. 19th. Beirut. 978-3-598-07734-0. 191.
  2. Web site: His Excellency Mr Adnan Kassar. Anglo Arab. 25 March 2013. dead. 7 March 2014. https://web.archive.org/web/20140307070002/http://www.angloarab.org/staff/mr_kassar.htm.
  3. Web site: Board of Directors. Fransabank Group. 8 April 2013.
  4. Book: Mark Perry. Mark Perry (author). Nazrul Islam. Silk Road to Belt Road. Reinventing the Past and Shaping the Future. 2019. Springer Nature Singapore Pte Ltd. Singapore. 978-981-13-2997-5. 67. https://doi.org/10.1007/978-981-13-2998-2. The Silk Road in the West: Lebanon’s Industrial History and Current Prospects for Partnership with China. 10.1007/978-981-13-2998-2. 239102482.
  5. Najib Hourani. Capitalists in Conflict: The Lebanese Civil WarReconsidered. Middle East Critique. 2015. 24. 2. 150. 10.1080/19436149.2015.1012842. 144769983.
  6. Web site: Adnan Kassar. The Muslim 500. 28 August 2022.
  7. Sami E. Baroudi. Sectarianism and business associations in postwar Lebanon. Arab Studies Quarterly. 2000. 22. 4. 81–107. 41858353.
  8. News: Fatfat names Adnan Kassar as neutral Lebanon PM. Ya Libnan. 25 March 2013. 15 December 2012.
  9. News: Former US West CEO Elected VP of International Chamber of Commerce; will Become President in 2 Years. 25 March 2013. PR Newswire. 8 January 1999. Geneva. 19 November 2017. dead. https://web.archive.org/web/20171119095452/https://www.thefreelibrary.com/Former+U+S+WEST+CEO+Elected+VP+of+International+Chamber+of+Commerce;...-a053536924.
  10. Web site: Fawwaz Traboulsi. Social Classes and Political Power in Lebanon. Beirut. 111. 2014. Heinrich Böll Foundation - Middle East. 18 May 2024.
  11. Web site: Speakers. 25 March 2013. https://web.archive.org/web/20140728192510/http://www.fransabank.com/fransabank90/spAdnanKassar.aspx. Fransabank. 28 July 2014. dead.
  12. News: Stunted growth: Lebanon's economy at the mercy of political stability. 25 March 2013. Al Bawaba. 4 September 2012.
  13. Web site: Former Ministers. Ministry of Economy and Trade. 21 February 2013. dead. 5 October 2012. https://web.archive.org/web/20130221083735/http://www.economy.gov.lb/index.php/aboutUs/2.
  14. News: Elie Hajj. Tammam Salam Likely March 14 Candidate for Lebanese Premier. Al-Monitor. 5 April 2013. 4 April 2013.
  15. News: Lebanon finally has a government Sulaiman's man seals the deal. Gulf News. 11 November 2009. 25 March 2013.
  16. News: -Hariri Presents 30-Member Cabinet List to President Suleiman. 25 March 2013. The Daily Star. 8 September 2009.
  17. News: Mariam Shahin. For liberty, prosperity, fraternity?. 25 March 2013. The Middle East. 1 October 2000. Beirut.
  18. News: Adnan Kassar named Arab banker of the year. ANBA. 3 July 2013. 23 June 2023.
  19. Web site: Adnan Kassar. Business for Peace Foundation. 28 August 2022.
  20. Web site: Adnan Kassar School of Business at Lebanese American University (LAU). Hospitality. 28 August 2022.