| 02 Oct 2009 |
|
Saudi Arabia pledges continued financial support for Lebanon
- Text size
02 October 2009
BEIRUT: Saudi Ambassador to Lebanon Ali Said al-Awad al-Osseiri, emphasized on Thursday the kingdom’s commitment to continuing to provide financial support to Lebanon. Osseiri was speaking during a press conference held at the Chamber of Commerce, Industry and Agriculture in Lebanon to announce the launching of a Saudi-Lebanese forum which will take place on October 27 in Lebanon.
“Saudi Arabia was always keen to support the Lebanese people in their efforts to develop their country by providing them with soft loans and financial aid through the Saudi government and the Saudi Fund for Development,” said Osseiri.
He added that the Saudi-Lebanese Forum would once again demonstrate the extent and depth of relations between the two countries and reinforce and develop these ties in their various aspects.
The Saudi-Lebanese Forum 2009 will survey and assess recent developments and trends in both the Saudi and Lebanese economies, and highlight business and investment opportunities available in both countries especially in real estate, industry, commerce, transport, banking, services, and other sectors and activities
Mohammed al-Zaatari, president of the federation of Lebanese Chambers of Commerce, Industry & Agriculture in Lebanon said that the strong relations between the two countries are reflected by the huge Saudi investments available in Lebanon and the presence of a great number of Lebanese expatriates in the kingdom.
“The Lebanese economy showed a great resilience to the global financial crisis which is attracting a lot of investments, particularly from Saudi Arabia,” he said, noting that the kingdom is also considered to be one of the countries that were least affected by the crisis.
President of the council of Saudi chambers, Mohammad al-Fadl, said that the forum aims at strengthening the relations between Lebanese and Saudi businessmen.
He praised the free economic system between the two countries which, in his opinion, helped in creating special economic, touristic and commercial ties between them.
x
DISCLAIMER
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Access to this article is subject to specific terms and condition.
Loading ...Free Newsletter
Get the latest news from Money and other Free newsletters.
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.