Tuesday, January 25, 2011

Lebanon - New Prime Minister is Vice-Chairman of MTN, formerly of Investcom

[wsj] Former Lebanese Prime Minister Najib Mikati, a billionaire Sunni businessman, was poised to take the lead of Lebanon's new government after winning the backing of a Hezbollah-led majority in parliament.

An independent bloc in the legislature said Monday it would support Mr. Mikati, a parliamentarian representing the northern city of Tripoli. The move delivered Hezbollah and its allies enough votes for a victory in an election scheduled to conclude on Tuesday, in what would be the final blow to the party of Saad Hariri, the U.S.-backed former prime minister.

Hezbollah drove the collapse of Mr. Hariri's government by leading the withdrawal of ministers from his cabinet nearly two weeks ago.

Hezbollah's Choice Set to Lead Lebanon

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