Qatar is seeking to play an active role in Lebanon by helping the cash-strapped country with money and investments, in a move that seems to be green-lighted by most regional and local actors
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February 8, 2021 at 10:17 am | Published in: Lebanon, Middle East, News
Former Lebanese Foreign Minister Gebran Bassil on 26 November 2019 [ATTILA KISBENEDEK/AFP via Getty Images] February 8, 2021 at 10:17 am
Lebanese Free Patriotic Movement (FPM) led by Gebran Bassil on Saturday called to review the alliance agreement with Hezbollah, known as the Mar Mikhael Understanding, saying the pact has not succeeded in building the Lebanese state 15 years after it was signed, the movement s political council said in a statement.
Lebanon is one long tale of disaster and crisis – Cartoon [Sabaaneh/MiddleEastMonitor]
The FPM s political council said in a statement following its regular meeting on Saturday that the Mar Mikhael Understanding with Hezbollah has saved Lebanon from the evils of sedition and division and protected it from outside attacks, deterred Israel, and repelled terrorism, but it has not succeeded in building the state and the rule of law.
The US and France on six months anniversary of Beirut blast called on Lebanese leaders to urgently form a "credible and effective" government in the country
More shares in flagship oil and gas company, Saudi Aramco (Aramco), may be released for sale to the public if conditions are right, said the Governor of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) last week. This idea was later confirmed by Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman (MbS). Given how badly the first initial public offering (IPO) was received by international investors in the run-up to its eventual listing on 11 December 2019 and the draconian lengths that Saudi Arabia’s various authorities had to go to sell even the 1.5 per cent stake (cut down from the initially mooted minimum 5 per cent stake) finally offered, it might reasonably be conjectured that the conditions will not be right for a very long time. If the views of new U.S. President, Joe Biden, were factored into the conditions equation then the offering would probably never occur. Taking into account the tenuous grasp on reality that apparently exists at th