Middle East Economic Survey
Saudi Arabia Agrees To Lend Lebanon $50Mn
The Saudi government has approved the granting of a concessionary loan of $50mn to Lebanon to finance the completion of the Beirut-Damascus highway, Saudi Ambassador to Lebanon 'Awad 'Asiri informed the Lebanese Minister of Finance Muhammad Shatah on 30 July. The ambassador noted that his government was committed to supporting Lebanons stability. Dr Shatah revealed that the loan...