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Home News Middle East

Saudi Arabia to support Lebanon, former Lebanese prime minister says

Lebanese TV reports that in meetings in Riyadh, Saudi king "stressed the necessity of preserving Lebanon." Historically, Saudi Arabia backed Lebanon until the Shiite Hezbollah movement began to gain power.

by  Reuters and Israel Hayom Staff
Published on  07-15-2019 17:34
Last modified: 07-15-2019 17:48
Saudi Arabia to support Lebanon, former Lebanese prime minister saysReuters (file)

Saudi Arabia traditionally supported Lebanon until the Shiite Hezbollah gained power and influence | Photo: Reuters (file)

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Saudi Arabia will "extend a hand of support to Lebanon" as it faces challenges, former Lebanese Prime Minister Najib Mikati said on Monday after meeting the Saudi king along with two other former Lebanese premiers.

Another member of the delegation, Fouad Siniora, said the talks were important in terms of support for Lebanon's economy, stability, and unity.

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The Lebanese government, saddled with one of the world's heaviest public debt burdens, is facing a financial crisis that it seeks to address with long-delayed reforms.

Saudi Arabia was a historic backer of Lebanon until ties between the two were strained in recent years by the growing influence of the Iran-backed Hezbollah movement in Lebanon.

The Saudi king "stressed the necessity of preserving Lebanon and soon there will be Saudi steps towards the Lebanese state," Lebanon's LBC TV cited Mikati as saying on its website.

"Our concern is saving the country in light of the difficulties that we are going through," he said.

Siniora told Saudi-owned Al-Arabiya TV the former prime ministers discussed with Saudi leaders the importance of Riyadh resuming support for Lebanon. Former Prime Minister Tammam Salam also attended the talks.

In January, the Saudi finance minister said the kingdom would support Lebanon "all the way" to protect its stability. The same day, Saudi Arabia's regional rival Qatar announced it would buy $500 million in US dollar bonds issued by Beirut to support the Lebanese economy.

A Qatari government source said last month that Qatar had bought some Lebanese government bonds as part of the planned $500 million investment.

Tags: EconomyHezbollahLebanonQatarregional stabilitySaudi Arabia

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