Mikati Urges Int’l Community to ‘Facilitate’ Lebanon Presidential Election

The Lebanese Prime Minister and the US Secretary of State during a talks session in New York (AP)
The Lebanese Prime Minister and the US Secretary of State during a talks session in New York (AP)
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Mikati Urges Int’l Community to ‘Facilitate’ Lebanon Presidential Election

The Lebanese Prime Minister and the US Secretary of State during a talks session in New York (AP)
The Lebanese Prime Minister and the US Secretary of State during a talks session in New York (AP)

Lebanese Prime Minister-designate Najib Mikati revealed to Asharq Al-Awsat that US mediation efforts for Lebanon and Israel to demarcate maritime borders has “not yet reached” an agreement, denying reports of a Lebanese-Israeli agreement on this controversial file.

Mikati also urged the international community to help “facilitate” the election of a successor to President Michel Aoun, whose term ends on October 31.

According to Mikati, Lebanon, with all its suffering, cannot bear the brunt of another crisis.

Mikati spoke to Asharq Al-Awsat on the sidelines of the 77th annual session of the United Nations General Assembly in New York.

Speaking about US mediation over the demarcation of the maritime borders between Israel and Lebanon and the leaks about reaching an agreement, Mikati said: “The issue is not very clear.”

Mikati linked the matter to Aoun, who had appointed ex-minister Elias Bou Saab to head the demarcation file and deal with the US mediator, Amos Hochstein.

“I haven't heard anything yet. I hope this news is true and leads to positive steps towards ending the matter,” said Mikati about rumors on Lebanon and Israel having reached a settlement to demarcate maritime borders.

Mikati revealed that he had met with Hochstein, who “informed” him of some steps which he “considered positive, but not final yet.”

Moreover, Mikati, in his meetings with officials in New York, stressed the need for the international community to make all the necessary contacts to facilitate the election of a president for Lebanon.

He added that although electing a president will not end the crises sweeping Lebanon but would reduce the negativity surrounding the Mediterranean nation’s situation.

Moreover, Mikati acknowledged that the political situation in Lebanon is “ambiguous.”



Syria Expects First Transfer with US Bank 'Within Weeks'

FILE PHOTO: A view of the Syrian central bank, after the ouster of Syria's Bashar al-Assad, in Damascus, Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo
FILE PHOTO: A view of the Syrian central bank, after the ouster of Syria's Bashar al-Assad, in Damascus, Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo
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Syria Expects First Transfer with US Bank 'Within Weeks'

FILE PHOTO: A view of the Syrian central bank, after the ouster of Syria's Bashar al-Assad, in Damascus, Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo
FILE PHOTO: A view of the Syrian central bank, after the ouster of Syria's Bashar al-Assad, in Damascus, Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo

Syria expects to have its first transaction with a US bank "in a matter of weeks", Syrian central bank governor Abdelkader Husriyeh said on Thursday, a day after a high-level meeting between Syrian and US commercial banks.

The resumption of transfers between Syrian and US banks would be a key milestone in the push by Syria’s new rulers to reintegrate the country into the global financial system after 14 years of civil war, Reuters reported.

Husriyeh on Wednesday held a virtual conference bringing together Syrian banks, several US banks and US officials, including Washington's Syria Envoy Thomas Barrack, with the aim of speeding up the reconnection of Syria's banking system to the global financial system.

This follows US President Donald Trump’s announcement in May that all sanctions on Syria would be lifted. That has been followed up with executive orders formally lifting some of the measures.

Syria's reintegration into the global financial system would be a major step towards enabling the kind of large financial transactions needed to kickstart its reconstruction and economic activity, and help rein in a highly informal, cash-based economy.

Husriyeh extended a formal invitation to US banks to re-establish correspondent banking ties following the ouster of former Syrian president Bashar al-Assad, whose crackdown on 2011 protests resulted in Western countries imposing one of the world’s strictest sanctions regimes.

"We have two clear targets: have US banks set up representative offices in Syria and have transactions resume between Syrian and American banks. I think the latter can happen in a matter of weeks," Husriyeh told Reuters.

Among the banks invited to Wednesday’s conference were JP Morgan, Morgan Stanley and CitiBank, though it was not immediately clear who attended.