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Lebanese Billionaire Tapped to Be Next Prime Minister

HeadlineJul 27, 2021

One of Lebanon’s wealthiest business executives has been named prime minister-designate. The billionaire Najib Mikati has served twice before as prime minister. Lebanon is in the midst of a massive economic and political crisis. Mikati has been accused of corruption in the past. In 2019, a public prosecutor brought charges against him for profiting from state-subsidized housing loans.

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