(Bloomberg) -- Saad Hariri, Lebanon’s former premier close to Saudi Arabia, said he won’t be a candidate to form a new government, a day after Prime Minister-designate Mustafa Adib stepped down.
Hariri, head of the Sunni-dominated Future bloc, said he supports the initiative by French President Emmanuel Macron and “facilitating anything that could make it succeed, because it is the only and last opportunity to stop the collapse of Lebanon,” according to a statement.
Adib stepped down on Saturday after failing to form a government, leaving the nation rudderless as it struggles to recover from a devastating explosion at its main port last month.
©2020 Bloomberg L.P.
BNN Bloomberg Picks
Crypto giant FTX ready with billions of dollars for acquisitions
Fund managers take to Twitter to warn of turmoil ahead
Second-richest Russian megayacht is back: Destination unknown
White House eyes restarting idle refineries to tame fuel prices
Nestle eyed biggest-ever deal in aborted move for GSK consumer
Even Kim Kardashian couldn’t stop Beyond Meat’s stock crash