The United Arab Emirates lifted a ban it had imposed on its citizens visiting Lebanon the Lebanese government sought help from UAE in steering the heavily indebted economy out of deep crisis.
The Lebanese Prime Minister Saad al-Hariri, was reported by Reuters saying he was hoping the UAE would inject cash into its central bank.
Reuters adds that “before the lifting of the travel ban was announced, Hariri said he was “optimistic” after visiting the UAE. He said the UAE would announce any support initiative that may come.”
The UAE barred its citizens from travelling to Lebanon in 2016. The UAE and Saudi Arabia have both voiced frequent concern over the political situation in Lebanon, which is located next to war-torn Syria and is home to the heavily armed Hezbollah group backed by the two Gulf states’ main adversary, Iran.
Lebanon is now seeking a cash injection for its central bank and investments in food, infrastructure, oil and gas, and renewable energy.
Via Reuters
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