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Mikati urges president election and final agreement with IMF

Caretaker Prime Minister Najib Mikati announced Thursday that exiting the country’s multifaceted crisis should be through “a general solution and a general settlement.”

He added that such a settlement “should before anything else entail the election of a president as soon as possible, the formation of a new government, speeding up the cycle of the aspired reforms and reaching a final agreement with the International Monetary Fund.”

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MPs fail anew to elect president as 1 vote goes to Badri Daher

Parliament on Thursday held a seventh session for the election of a new president to no avail, prolonging the political crisis in the country.

As 50 blank votes were cast by Hezbollah and its allies, 42 votes went to MP Michel Mouawad, eight for “New Lebanon”, six went to the academic and historian Issam Khalife, two went to ex-minister Ziad Baroud and one went to jailed Customs chief Badri Daher.

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Kanaan: Let's keep oil at sea if sovereign fund won't be sovereign

The head of the Finance Parliamentary Committee, MP Ibrahim Kanaan, announced Wednesday that “remarkable progress” has been made in the discussions related to the establishment of a sovereign fund to manage Lebanon’s offshore oil and gas resources.

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Khalil: Fees on imports to be collected at LBP 15,000 rate as of Dec. 1

The LBP 15,000 dollar exchange rate for fees and taxes on imported goods will enter into effect as of December 1, 2022, caretaker Finance Minister Youssef Khalil said on Wednesday.

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Depositors storm three banks across Lebanon

Three banks were stormed Wednesday by three depositors in various Lebanese regions.

In the southern city of Tyre, the depositor Reda Reda stormed Bank Audi, demanding money for the treatment of his cancer-stricken mother, the Lebanese Depositors Association said.

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Geagea: Only way for salvation is election of salvation president

Lebanese Forces leader Samir Geagea stressed Wednesday that the only way to achieve Lebanon’s “salvation” would be through the election of a “salvation president.”

“The LF is working for the rise of a real state in Lebanon,” Geagea said in a meeting with a Chinese delegation led by Qian Hongshan, a deputy director of the International Department of the Central Committee of the Chinese Communist Party.

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Report: Safa did not discuss presidential file with army chief

The recent meeting between Hezbollah official Wafiq Safa and Army chief General Joseph Aoun did not tackle the presidential file, sources informed on the meeting said.

Describing the meeting as one of the “periodic meetings” between Aoun and Safa, the sources told Asharq al-Awsat newspaper in remarks published Wednesday that “the meeting is not the first between Safa and General Aoun.”

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Blinken says US to continue to 'stand with the Lebanese people'

On behalf of the United States of America, U.S. Secretary of State Antony Blinken has extended his “sincerest wishes to the people of Lebanon on their Independence Day,” which Lebanon marks on November 22 each year.

“The Lebanese people are renowned for their rich and dynamic culture, and we recognize the resilience they have exhibited the past 79 years in confronting a series of critical challenges,” Blinken said in a statement.

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Sunni bloc lawmaker lashes out at Geagea

MP Ahmed al-Kheir of the mainly Sunni National Moderation bloc has lashed out at Lebanese Forces leader Samir Geagea without naming him, two days before a new presidential election session.

Describing Geagea as “the sponsor of the worst presidential settlement,” in reference to the understanding he reached with Michel Aoun prior to the latter’s election, Kheir accused the LF leader of seeking to install himself as the “spiritual guide of the opposition.”

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Mikati says to 'carry on with national and constitutional action'

Caretaker Prime Minister Najib Mikati on Tuesday lamented that Lebanon is celebrating its 79th Independence Day amid “a presidential vacuum and legitimate concerns over the present and the future.”

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