Friday, April 22, 2011

Najib Mikati

Najib Azmi Mikati (Arabic: نجيب ميقاتي‎) (born November 24, 1955) is a Lebanese politician and businessman. From April 2005 to July 2005 he was Prime Minister of Lebanon in a caretaker government. On January 25, 2011, Mikati was nominated to serve as Prime Minister by a majority of the votes in the parliamentary consultations following the fall of the Lebanese government on January 12. President Michel Suleiman appointed him as the new Prime Minister following the dissolution of the government led by former Prime Minister Saad Hariri. He is independent and not affiliated with or a member of any political party or organisation.
He co-founded the telecommunications company Investcom with his brother Taha in 1982. He sold the company in June 2006 to South Africa's MTN Group for $5.5 billion. In 2008, Forbes estimated his wealth at about $2.6 billion, making him the world's 446th richest person.
On 24 January 2011, the March 8 alliance nominated Mikati to become prime minister and succeed Saad Hariri, whose government was brought down by the resignation of 10 of the alliance's ministers, and one presidential appointee, on January 12, 2011. It was a result of the collapse of the Saudi-Syrian initiative to reach a compromise on the issue of the Special Tribunal for Lebanon.
On 25 January 2011, the Parliament of Lebanon voted on his nomination with 68 MP's nominating Mikati for Prime Minister. President of Lebanon Michel Suleiman then nominated Mikati to head a new Lebanese government.

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