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Lebanon’s President Seeks to Reactivate $3 Billion Military Aid from Saudi Arabia

Lebanon’s President Joseph Aoun is set to request the revival of a $3-billion aid package for the army during his visit to Saudi Arabia. This grant was halted in 2016, and Aoun’s discussions with Crown Prince Mohammed bin Salman aim to strengthen diplomatic relations. Aoun notes that financial reforms in Lebanon are necessary for international support, particularly for reconstruction efforts necessary after recent conflicts.

Lebanon’s President Joseph Aoun will seek to revive a $3-billion aid package for the Lebanese army during his upcoming visit to Saudi Arabia. In an interview with Asharq television, he stated that he intends to discuss the possibility of reactivating this grant, which was frozen in 2016 due to Lebanon’s failure to denounce attacks on Saudi diplomatic missions in Iran. This meeting marks Aoun’s first international trip following his election as president.

Previously, Saudi Arabia invested significantly in Lebanon, aiding infrastructure rebuilding and supporting various politicians. However, the rise of Hezbollah, powered by Iranian backing, has complicated Saudi-Lebanese relations. Aoun plans to meet Saudi Crown Prince Mohammed bin Salman to address these issues and hopes to improve bilateral ties for mutual benefit.

Recent geopolitical shifts, including Israel’s military actions against Hezbollah and the fall of Assad in Syria, impact Lebanon’s current situation. Aoun emphasized the intention to implement essential financial reforms in Lebanon, which are crucial for regaining international support. He expressed a need for gradual reconstruction aid, facilitating the return of Lebanese displaced from conflict-affected areas in the south.

President Joseph Aoun’s initiative to renew the $3-billion grant from Saudi Arabia is a crucial step for Lebanon, aiming to enhance military support and strengthen economic ties. Aoun’s commitment to financial reforms may influence Saudi Arabia’s decision, tied to Lebanon’s ability to enact change. Recent regional dynamics underscore the importance of reviving these relations to facilitate Lebanon’s recovery and stability.

Original Source: www.hindustantimes.com

Marcus Thompson

Marcus Thompson is an influential reporter with nearly 14 years of experience covering economic trends and business stories. Originally starting his career in financial analysis, Marcus transitioned into journalism where he has made a name for himself through insightful and well-researched articles. His work often explores the broader implications of business developments on society, making him a valuable contributor to any news publication.

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