Lebanon's PM-designate Mikati hopes to form government soon

Lebanese Prime Minister-designate Najib Mikati said on Wednesday that he hoped to form a government shortly after securing the approval of President Michel Aoun for most of his nominees. 

Mikati, a businessman, is the third potential prime minister to be nominated since Hassan Diab's government resigned after an explosion in Beirut's port area on August 4 last year. The blast killed more than 200 people and flattened large areas of the city.  

Diab's government has stayed on in a caretaker capacity, but Lebanon's currency has collapsed, jobs have vanished and banks have frozen accounts in the country's worst crisis since the 1975-90 civil war. 

"I gave my proposals, President Aoun approved most of them and he made some remarks which are acceptable; God willing ... we will be able to form a government soon," Mikati said. 

Mikati has been prime minister twice before and, unlike many Lebanese leaders, does not represent a political bloc or hail from a dynasty. 

Like the previous nominee, Saad al-Hariri, he must navigate the sectarian, power-sharing structure and secure agreement on a cabinet equipped to address the financial meltdown in Lebanon, one of the world's most heavily indebted states