Beirut, Jul 26: Lebanon's president appointed a billionaire businessman and former prime minister as the next premier-designate Monday, after Saad Hariri earlier this month gave up attempts to form a Cabinet amid an unprecedented financial meltdown roiling the country.

Najib Mikati's appointment came after he secured the majority of lawmakers' votes in binding consultations President Michel Aoun held with members of parliament.

One of the richest men in Lebanon, Mikati became a favourite for the post after he was endorsed by most of Lebanon's political parties including the powerful, Iran-backed militant Hezbollah group and the other major Shiite party, Amal, led by Parliament Speaker Nabih Berri.

Mikati was also endorsed by former Sunni prime ministers including Hariri, who abandoned efforts to form a government after failing to agree with Aoun on the Cabinet's makeup.

The political deadlock, driven by a power struggle between Aoun and Hariri over constitutional rights and powers of the president and prime minister, has worsened a crippling economic and financial crisis.

It is not clear whether Mikati - widely considered an extension of the political class that brought the country to bankruptcy - would be able to break the year-long impasse over the formation of a new government. He faces Christian opposition, including from Aoun's own bloc, now led by his son-in-law Gebran Bassil, which did not name anyone as a candidate for prime minister.

Lebanon's economic and financial crisis began in late 2019 and has steadily worsened since then. Poverty has soared in the past several months as the situation spirals out of control, with dire shortages of medicines, fuel and electricity. The currency has lost around 90% of its value to the dollar, driving hyperinflation.

Mikati's designation would be the third so far since the current caretaker government headed by Hassan Diab resigned in the wake of the massive explosion at Beirut's port last August. Since then, Diab's Cabinet has acted only in a caretaker capacity, compounding Lebanon's paralysis further.

The first to try to form a government was Lebanon's former ambassador to Germany, Mustafa Adib, who resigned last September, nearly a month after being designated prime minister. Hariri was appointed next and stepped down after 10 months.

Any new government faces the monumental task of undertaking critical needed reforms as well as resuming talks with the International Monetary Fund for a rescue package. The new Cabinet is also expected to oversee general elections scheduled for next year.

International calls have mounted for Lebanese leaders to form a new government, but the international community has refused to help Lebanon financially before wide reforms are implemented to fight widespread corruption and mismanagement.

The investigation into the August 4 port explosion - triggered by the detonation of hundreds of thousands of tons of improperly stored ammonium nitrate - has exacerbated tensions in the small nation amid accusations of political meddling in the judiciary's work. More than 200 people were killed and thousands injured in the blast, which defaced parts of the city.

Mikati, a Sunni billionaire from the northern city of Tripoli, served as prime minister in 2005 and from 2011 to 2013, when he resigned at the height of the Syrian war after a two-year stint in a government dominated by Hezbollah and its allies.

He founded the telecommunications company Investcom with his brother Taha in the 1980s and sold it in 2006 to South Africa's MTN Group for 5.5 billion.

Mikati is supported by France, the former colonial power in Lebanon, and also the United States.

Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.



New Delhi (PTI): A "Shakti Walk" was organised at Kartavya Path here on Sunday to mark International Women's Day, with the Delhi Chief Minister Rekha Gupta calling it a reflection of women's collective strength and their role in nation-building.

The event was also attended by Union Women and Child Development Minister Annapurna Devi, Minister of State Anupriya Patel and Savitri Thakur, and National Commission for Women chairperson Vijaya Rahatkar, along with hundreds of women.

Speaking at the event, Delhi Chief Minister Rekha Gupta said the event reflected the spirit of women's empowerment and their role in nation-building.

ALSO READ:  Achievements of India's 'Nari Shakti' a source of pride: PM Modi on Women's Day

 

"Today, through this Kartavya Path, we are reminded that our responsibility is not only towards ourselves or our families but also towards society and the country," Gupta said while addressing participants.

Extending greetings on the occasion, she said the day was meant to honour women's strength and dignity.

"Today is truly a day that honours the power of women and enhances their dignity across the world and the country," she said.

Gupta said women in India were achieving new milestones across sectors.

"From startups to space missions, from teachers to doctors and engineers and in every major project, today India's women are leading. Today, women lead the armed forces, and they also lead society," she said.

"Today is a day for all of us to think ahead, to set goals and to determine our role in nation building. India will move forward under the leadership of women's power. The women of India will lead the country forward," Gupta said.

Union minister Annapurna Devi said women across the country were demonstrating their capabilities in every field and encouraged them to continue moving forward and achieving new milestones.

The event was organised to celebrate women's achievements and to encourage greater participation of women in leadership roles across society, officials said.