Lebanon's newly elected president, Joseph Aoun, said Thursday that "a new phase" has started for the war-ravaged country and pledged to rebuild the state, adopt a policy of "positive neutrality" and fight corruption.

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.

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.