Lebanon forms a new government after months-long gridlock ...Kuwait

News by : (The New Arab) -
Lebanon has formed a new government, Lebanese President Michel Aoun announced after meeting with Prime Minister Najib Mikati and Speaker of the Parliament Nabih Berri in the presidential palace in Baabda on Friday. The formation of a government aims to end 13 months of uncertainty, as Lebanon has been without an official government since August of last year, after the previous one resigned in the wake of the Beirut port explosion. In a sign of tentative optimism, the lira significantly appreciated in value, trading at 15,500 lira to the dollar, where it had been trading at 18,000 just a day prior. Mikati heads a 24-member cabinet, staffed largely of figures seen as es

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