Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jul 14, 2020

Lebanon Seeks Help From Kuwait, Qatar to Weather Financial Crisis

Lebanon is in contact with Kuwait, Qatar and Iraq to help the country face its worst financial crisis in decades, Prime Minister Hassan Diab said.

The contacts were positive and “very encouraging,” he said at a cabinet session Tuesday, according to the official twitter account of the presidency.

Lebanon dispatched Abbas Ibrahim, head of general security who is known for his ties to Gulf countries, to Kuwait. No details of his visit has been reported so far.

The prime minister also accused local politicians of trying to obstruct the process. “Is it possible that a political party leader's main concern is to obstruct help? This is shameful and even amounts to national treason. What we heard from our brothers in Arab countries about their talks with Lebanese politicians is shameful.”

Read more:
Lebanon Fences Off More of Its Economy Against Currency Crisis
Lebanon Breaks Years-Long Deadlock With State Utility Shakeup
Lebanon's Economic Crisis Is Spinning Out of Control, Fast
Pressure Piles on Lebanon as IMF Warns Implosion Accelerating

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search