Lawmakers have tasked ex-premier and billionaire tycoon with forming a government and ending a year of political deadlock that has further crippled the economy.
In the wake of the failure to form a government led by Saad al Hariri, attention has now turned to the question of who will replace him amid increasingly desperate social and economic circumstances.
Lebanon PM-designate, Saad Hariri, resigns nine months after taking the post, citing difference of opinion with President Aoun over forming a government as country suffers an unprecedented economic crisis.
The association of pharmaceuticals importers said the central bank has not released promised dollars to pay suppliers abroad, who are owed more than $600 million in accumulated dues since December.
EU’s Foreign Policy Chief Josep Borrell says the bloc may consider actions, including targeted sanctions, unless Lebanese politicians take steps to get over political stalemate that plunged the country into one of its worst economic crises.
Lebanon needs financial support from the Arab world, particularly the rich Gulf states, but its continuous political instability has become a hindrance in the way of a bailout.
French Foreign Minister Jean-Yves Le Drian in a visit to Lebanon threatened unspecified measures against officials obstructing the formation of a government in the crisis-hit country.
Saad Hariri met with President Aoun for the 18th time since he was designated to form the government last October to iron out their differences over the formation of new government.
The economic and financial crisis roiling Lebanon is the gravest threat to its stability since the 15-year civil war ended in 1990.
Lebanese pound hits a new record low in Tuesday trading, adding to Lebanon's economic and financial woes.
Lebanon's caretaker Prime Minister Hassan Diab pressures politicians to form a new government, saying the country is confronting enormous challenges that no government can face.
There is mounting controversy in Lebanon that politicians are poaching scarce vaccine supplies for themselves and their families.
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