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RSS FeedsLebanonīs economic dependence on Saudi Arabia is dangerous
(WorldNews Iran)


7 december 2017 11:44:32

Lebanonīs economic dependence on Saudi Arabia is dangerous
(WorldNews Iran)

Lebanese President Michel Aoun, right, speaks with Prime Minister Saad Hariri at the presidential palace Tuesday in Baabda, east of Beirut. (Dalati Nohra/Lebanese government/AP) Last month, Lebanonīs prime minister, Saad Hariri, resigned in Saudi Arabia - only to later rescind his resignation. This sparked fear of a Saudi-backed war against Hezbollah, Iranīs Lebanese ally. Riyadh has few local military assets to confront the Shiite movement but could strangle Lebanonīs small open economy. Lebanon is deeply reliant on capital inflows from the Gulf. The immediate crisis of Haririīs premiership is over, but Lebanese economic dependency persists. It is dangerous if the country must stay in...
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