Billionaire businessman Najib Mikati was appointed as Lebanon’s new prime minister-designate following binding parliamentary consultations with President Michel Aoun. He ran virtually unopposed, receiving 72 votes, with former ambassador Nawaf Salam receiving just one vote. Forty-two MPs voted blank, and three MPs did not vote at all.
His appointment comes just 11 days after Saad Hariri resigned as prime minister-designate, following nine months of political deadlock and dispute with President Aoun and his son-in-law MP Gebran Bassil.
Lebanon’s economy continues to crumble with half the population living below the poverty line and a spiralling local currency that lost more than 90 per cent of its value. The country has been without a full-fledged government for almost one year and is struggling to reform its economy to unlock international aid.
Important takeaways for all competitive exams:
- Capital of Lebanon: Beirut.
- The currency of Lebanon: Lebanese pound.