Richest man in Lebanon to lead new government

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A new government has been announced in Lebanon over a year after the previous administration quit following the devastating Beirut port explosion.

Najib Mikati – Lebanon’s richest man – becomes prime minister, a position he has held twice before.

His appointment, along with the naming of a new cabinet, ends months of political paralysis.

It comes as Lebanon grapples with some of the severest domestic crises it has faced in its history.

The value of the currency has collapsed, unemployment and inflation have soared, electricity, fuel and medicines are in short supply, and the country has been rocked by nearly two years of protests calling for wholesale political reforms.

Lebanese-Armenian George Bojkian will lead the Ministry of Industry.