Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Lebanon's Safadi withdraws candidacy to be next Prime Minister: reports

Published 11/16/2019, 04:10 PM
Updated 11/16/2019, 04:13 PM
Lebanon's Safadi withdraws candidacy to be next Prime Minister: reports

BEIRUT (Reuters) - Former finance minister Mohammad Safadi withdrew his candidacy to be prime minister of the next Lebanese government, broadcasters LBCI and al-Jadeed reported on Saturday.

Safadi emerged as a candidate on Thursday when political sources and Lebanese media said three major parties had agreed to support him for the position.

Saad al-Hariri quit as prime minister on Oct. 29 in the face of unprecedented protests against a ruling elite that is widely accused of overseeing rampant state corruption and steering Lebanon into its worst economic crisis since the 1975-90 war.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.