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Published on: 2025-03-21 06:43:25 Published on: 2025-03-21 06:43:25

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What is the short term outlook for Nelco Limited (504112) ✌️【Portfolio Strategy】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. The sectarian political elite seemed to be stuck at the drawing board. Presidents in Lebanon are brought to power by near political consensus, but more than six contenders were still in play. Debates were heated and army chief Joseph Aoun was dismissed by many politicians as constitutionally unqualified for the presidency because of his military post.

It looked like parliament was heading for its 13th failed attempt to elect a president in more than two years.

What is the short term outlook for Nelco Limited (504112) ✌️【Portfolio Strategy】✌️ Precise AI-powered predictions and market insights to guide your stock selection. Use real-time market data, futures trends, and stock indices to make strategic investment decisions for long-term profitability. Then, a Saudi delegation headed by the kingdom’s envoy, Prince Yazid bin Farhan, flew into Beirut for the second time in a week. It held a blitz of meetings with various political parties. By the time they left, there was only one candidate left: the US-backed Aoun.

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What is the short term outlook for Nelco Limited (504112) ✌️【Portfolio Strategy】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. Within minutes, Aoun arrived in parliament, having swapped his army fatigues for a suit and tie. He took an oath and gave an Earth-shattering, seemingly well-rehearsed speech, vowing to usher in Lebanon’s “new era” and monopolize weapons under the aegis of the state. In other words, Hezbollah, one of the world’s best armed militant groups for the better part of the last 40 years, was set to be disarmed.

Jubilation filled the streets. A presidential vacuum had been filled. A years-long stalemate between the confessional elite had broken - for the time-being at least.

But it was a development that raised larger questions. Why had Saudi Arabia expended so much diplomatic capital to deliver a president, ending nearly eight years of disengagement from Lebanon that it dismissed as “lost” to Iranian domination via Hezbollah?

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It was a highly choreographed affair.Hezbollahand Amal, known as the Shia duo, cast blank votes in the first round of voting, which failed to produce a president. During a two-hour recess, the heads of their respective parliamentary blocs held a meeting with Aoun, the details of which are unknown. After returning to parliament, they cast their ballots for Aoun, breaking the deadlock and opening the path to the presidency.

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It is unclear what happened during the meetings where Saudi Arabia corralled overwhelming support for Aoun. But it was a full-throated effort that happened in tandem with Western diplomatic talks. France’s special envoy to Lebanon Jean-Yves Le Drian had also met with Hezbollah lawmakers.

France is one of the few Western countries that does not have a wholesale terror designation on Hezbollah, maintaining a diplomatic channel with the militant group’s political arm. It’s one of the only remaining links between the West and the Iran-backed group.

Earlier this week, US Special Envoy to Lebanon Amos Hochstein was also doing his part to prop up Aoun’s chances with a flurry of meetings.

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In comments before the casting of ballots, anti-establishment lawmaker Halime El Kaakour gestured to the upper gallery where foreign dignitaries – including the American, French, Egyptian and Iranian ambassadors – sat. “No one should impose their will on us, not the tutelage of the Iranians, nor the Syrians, nor the Americans. We shouldn’t replace one (external) guardianship with another,” she said.

“No one should interfere with our internal affairs, with all my respect to the ambassadors here,” she continued. “We support international cooperation… but no one should interfere with our sovereignty.”

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Yet Hezbollah appears to be meeting this moment with a quiet and mysterious resignation. In his remarks to reporters after Aoun’s election, Hezbollah’s parliamentary bloc leader Mohammad Raad said they voted for him to promote “national understanding.”

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Yet the disarmament is far from complete. Hezbollah is still believed to possess medium- and long-range missiles, and it continues to command a broad Shia support base. This means that there’s likely to be longer negotiations over their arms, undoubtedly roping in external forces.

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“Lebanon finally has a president who brings to the Lebanese people and international community both humane leadership and statehood legitimacy,” said Lynn Zovighian, a columnist, philanthropist and founder at social investment platform Zovighian Partnership.

“It is time for leadership, constitutional order, a strengthened state, and humanization so that we can finally achieve socio-economic prosperity, justice, and accountability,” Zovighian told 【 - Free Predictions 】.

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