Lebanon Gets New Government After 13 Months as It Faces Economic Crisis

BEIRUT—Lebanon’s political factions agreed Friday on a new federal government led by previous Primary Minister Najib Mikati, ending a much more than yearlong deadlock as the region struggles with an economic collapse that has pushed millions into poverty.

President Michel Aoun and Mr. Mikati signed a decree foremost to the development of a new cupboard, according to the state-operate National News Company. Mr. Mikati, a billionaire businessman, was nominated as primary minister in July right after two earlier attempts were abandoned. Lebanon has been operate by a caretaker federal government with very little energy given that shortly right after the fatal Beirut explosion in August last 12 months.