Indirect negotiations to resolve a maritime border dispute between Lebanon and Israel will be bolstered by a proposal Lebanese officials presented to a US mediator in Beirut, Washington's envoy says.
Central Bank governor, Riad Salameh's wealth is being probed in several European countries.
Ex-PM Saad Al Hariri's announcement to boycott elections and to quit politics opens a new phase in Lebanon's politics and adds to the uncertainties in a country that is already facing a financial meltdown.
Kuwaiti Foreign Minister Sheikh Ahmed Nasser al-Mohammed Al-Sabah delivered the list to Lebanon's Prime Minister Najib Mikati and President Michel Aoun.
An IMF delegation will visit the Middle Eastern country in late January or early February to lay out “the final formula for the agreement."
Warning the Arab state is "falling apart," President Aoun calls for urgent dialogue on a financial recovery plan, administrative and financial decentralisation, and the defence strategy.
Lebanon's president estimates the country needs time to overcome the financial crisis as its central bank governor says around $15 billion would help to restore.
Many hold the view that elections are the last play at power, which may be the catalyst for a new independent government.
Talks between the two regional rivals have gone a "good distance", says Iran’s foreign minister Hossein Amir-Abdollahian.
Government formation ends a 13-month vacuum that saw the Arab country slide deeper into one of the worst crises in its history.
The bank said while it had spent more than $800 million on fuel in the last month and the bill for medicines had multiplied, those goods were still absent from the open market and were being sold at prices that exceed their value.
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.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2022 TRT World.