New Lebanese Prime Minister Najib Mikati was given Monday a red carpet reception upon his arrival at the government premises in Beirut to assume power.

This came in the wake of the first meeting of the Lebanese government which was held at the presidential palace in Baabda under the chairmanship of President Michel Aoun.

The meeting addressed the government's plan of action and its priorities in the coming phase.

Following the meeting, Mikati headed for the government premises without giving any official statements, calling for exerting all possible efforts to achieve the hopes of the Lebanese people.

Lebanon’s political factions agreed Friday on a new government led by former Prime Minister Najib Mikati, ending a more than yearlong deadlock as the country struggles with an economic collapse that has pushed millions into poverty.

President Michel Aoun and Mikati signed a decree leading to the formation of a new cabinet, according to the state-run National News Agency.

Mikati, a billionaire businessman, was nominated as prime minister in July after two previous attempts were abandoned. Lebanon has been run by a caretaker government with little power since shortly after the deadly Beirut explosion in August last year.