Major UAE businessman demands economic reform in Lebanon ...Kuwait

The New Arab - News
Major UAE businessman demands economic reform in Lebanon
The prominent UAE conglomerate, Al-Habtoor group, threatens to pull out of Lebanon if the Lebanese government "does not take action to protect its investments," its chairman said on Tuesday. The company's chairman, Khalaf al-Habtoor, said in an interview with Arab News that after four years of economic crisis, the value of the multinational hospitality company's formerly US$1.5 billion in Lebanese investments had dwindled to almost zero. The company employs 500 employees across Lebanon. Al-Habtoor demanded that the firm's assets that the country's banks illegally seized be returned, or else he would enlist "high-calibre law firms overseas" to attempt to reclaim them

Hence then, the article about major uae businessman demands economic reform in lebanon was published today ( ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Major UAE businessman demands economic reform in Lebanon )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News