Former Prime Minister Saad Hariri’s initiative has made progress in resolving the cabinet formation deadlock, with reports expecting a lineup in the "next two days," the Saudi Asharq al-Awsat reported on Thursday.

Hariri had proposed in a statement earlier to help PM-designate Mustafa Adib name a Shiite finance minister (in a move aimed at appeasing the Shiite duo) after the insistence of Amal Movement and Hizbullah to retain the portfolio.

President Michel Aoun on Wednesday told the 75th meeting of the U.N. General Assembly that Lebanon is “committed to administrative, financial and economic reforms.”

“Lebanon stresses its full rights to its maritime resources,” Aoun added, addressing the Assembly via videoconference.

France on Wednesday urged the international community to apply strong and unified pressure on Lebanon to form a new government, as frustration grows with the pace of reform in the wake of the giant Beirut port explosion.

Progressive Socialist Party leader Walid Jumblat on Wednesday called on the political parties to meet ex-PM Saad Hariri’s initiative in a positive manner.

“It is time to seize the opportunity provided by yesterday’s paper and capitalize on it in order to facilitate the government’s formation away from narrow calculations,” Jumblat tweeted.

Saudi King Salman bin Abdul Aziz on Wednesday blasted what he called Hizbullah’s “hegemony” over Lebanon and said the Iran-backed party should be “disarmed.”

Speaking to the U.N. General Assembly, the monarch stressed the kingdom’s support for the Lebanese people following the humanitarian tragedy resulting from the catastrophic August 4 blast at Beirut port.

Parliament Speaker Nabih Berri on Wednesday reportedly revealed that positive developments will take place in the coming hours regarding the formation of the new government.

Prime Minister-designate Mustafa Adib on Wednesday stressed his keenness on forming a "mission government" that would "satisfy all Lebanese" and be comprised of "competent specialists."

“It will work on implementing the French initiative’s economic, financial and monetary reforms to which all parties had agreed,” he added in a statement.

France’s foreign ministry welcomed on Wednesday a proposal made by ex-PM Saad Hariri to end the cabinet formation stalemate, describing his position as “responsible.”

It indicated in a statement that Lebanese parties should appreciate and understand the importance of Hariri’s declaration which represents an opening to form a government of mission.

Contacts between Lebanon’s political parties on the government formation stalemate reportedly “intensified” Tuesday night after ex-PM Saad Hariri proposed an initiative aimed at finding a solution to the deadlock over the finance ministerial portfolio, al-Liwaa newspaper reported Wednesday.

France urged competing political forces in Lebanon to agree on forming a government "without delay" as it ramped up pressure for a new cabinet in the crisis-hit country.