Iraq issues arrest warrants for ‘heist of the century’

BEIRUT: Lebanon’s new prime minister on Saturday formed the country’s first full-fledged government since 2022.
President Joseph Aoun announced in a statement that he had accepted the resignation of the former caretaker government and signed a decree with new Prime Minister Nawaf Salam forming the new government.
Salam’s cabinet of 24 ministers, split evenly between Christian and Muslim sects, was formed less than a month after he was appointed, and comes at a time where Lebanon is scrambling to rebuild its battered southern region and maintain security along its southern border after a devastating war between Israel and the Hezbollah militant group. A US-brokered ceasefire deal ended the war in November.
Lebanon is also still in the throes of a crippling economic crisis, now in its sixth year, which has battered its banks, destroyed its state electricity sector and left many in poverty unable to access their savings.
Salam, a diplomat and former president of the International Court of Justice, has vowed to reform Lebanon’s judiciary and battered economy and bring about stability in the troubled country, which has faced numerous economic, political, and security crises for decades.
Though Hezbollah did not endorse Salam as prime minister, the Lebanese group did engage in negotiations with the new prime minister over the Shiite Muslim seats in government, as per Lebanon’s power-sharing system.
Lebanon’s new authorities also mark a shift away from leaders that are close to Hezbollah, as Beirut hopes to continue improving ties with Saudi Arabia and other Gulf nations that have been concerned by Hezbollah’s growing political and military power over the past decade.
In early January, former army chief Aoun was elected president, ending that position’s vacuum. He was also a candidate not endorsed by Hezbollah and key allies.
Aoun has shared similar sentiments to Salam, also vowing to consolidate the state’s right to “monopolize the carrying of weapons,” in an apparent reference to the arms of Hezbollah.

CAIRO: Egypt condemned on Saturday as “irresponsible” statements by Israeli officials suggesting establishing a Palestinian state on Saudi territory, according to a statement by Egypt's foreign ministry.

The foreign ministry said it considered the suggestion a “direct infringement of Saudi sovereignty”, adding that the Kingdom's security was a “red line for Egypt”.