Prime Minister-designate Saad Hariri said Thursday he was stepping down after failing to form a government for nearly nine months. The development is likely to plunge the country further into chaos and uncertainty. Lebanon is going through an unprecedented economic crisis, described by the World Bank as one of the worst in the world in 150 years.
A Russian business delegation met Lebanese officials on Monday to discuss plans to rebuild the grain silos destroyed last year in a massive explosion at Beirut’s port, a Lebanese Cabinet minister said. The visit by the Russian team - including officials from Russia’s Hydro Engineering and Construction company - comes as Lebanon is going though the worst economic and financial crisis in its modern history.