Billionaire Najib Mikati to form new Lebanon government ...Kuwait

Lebanese lawmakers on Monday tasked ex-premier and billionaire Najib Mikati with forming a government and ending one year of political deadlock that has crippled the economy. A new government would face the daunting task of trying to steer Lebanon out of what the World Bank says is one of the world's worst financial crises in more than 150 years, and to polls due to take place next year. Mikati, a 65-year-old telecommunications mogul seen by some as a symbol of Lebanon's corrupt oligarchy, called his designation a "difficult step" and urged the Lebanese people to support him. "I don't have a magic wand and, alone, I can't make miracles happen," he said. Mikati will p

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