Lebanese government bonds extended their three-month-long rally on Thursday as the crisis-ravaged country's parliament voted in a new head of state for the first time since 2022.

Lebanon's parliament elected the former army commander president after a two-year vacancy for the head of state.

Lebanon’s parliament has elected its US-backed army chief to be the country’s next president, ending a years-long political stalemate and presidential vacuum.

Though Lebanon’s presidency is mostly symbolic, it has a few important powers, like approving prime ministers and cabinets. In a country still haunted by the memory of civil war, symbolism is important too: how the head of state is chosen says much about the balance of power in Lebanon’s factious politics.

Lebanon's parliament elected army chief Joseph Aoun head of state on Thursday, filling the vacant presidency with a general who has U.S. support and showing the weakened sway of the Iran-backed Hezbollah group after its devastating war with Israel.

Lebanon’s parliament chose the country’s army commander, Joseph Aoun, as head of state, filling a more than two-year-long presidential vacuum.

The outcome showed the diminished sway of the Iran-backed Hezbollah militant group after its devastating war with Israel.

Lebanon's parliament convened on Thursday to elect a new head of state, aiming to fill a post which has been vacant since 2022, with political sources expecting army commander General Joseph Aoun to be elected.

Lebanon’s lawmakers elected on Thursday army chief Joseph Aoun as president after a two-year vacancy of the position, in a step towards lifting the war-battered country out of financial crisis.

Lebanon elected army commander Joseph Aoun as the country’s first president in more than two years, picking a US-backed candidate in a sign of Iran’s waning influence in the region.