Miqati: Safeguarding Lebanon a National Interest, Necessity to Arab World

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Caretaker Prime Minister Najib Miqati reiterated on Friday that Lebanon is paying a “huge price” for the conflicts surrounding it, stressing that safeguarding Lebanon is a national interest and a necessity to the Arab world.

“The delicate stage that we are passing through requires us to act wisely,” Miqati said during the 2013 Annual Arab Banking Conference, urging all parties not to meddle in the local affairs of any Arab country.

“We will have to suffer from any negative repercussion while we are keen to avoid allowing the turmoil of other countries to spill over to our land,” the caretaker PM said before the attendees.

He stressed that the state is keen that the Arab countries will help Lebanon confront all the challenges, noting that the Arab solidarity is the “umbrella that will safeguard Lebanon and its civil peace.”

The Union of Arab Banks (UAB) organized its two-day Annual Arab Banking Conference 2013 entitled “Economic Implications of Arab Transitions: Reforms and Role of Banks” in Beirut.

The conference is representing an international platform to explore the economic damages caused by political, security and social developments in the region, develop suggestions & recommendations that can mitigate the impact of these damages in the Arab societies, address emerging economic and social problems, draw a roadmap for implementing growth, stability and progress plans, and finally identify priorities of the banking and financial sector in facing these challenges.

Miqati restated that Lebanon can't aid the Syrian refugees on its territories by itself as it “lacks the capabilities to do so.”

The Premier hailed the Lebanese banking sector's “credibility,” considering that its growth rate is still “good.”

“There are investments that are still available in Lebanon and very tempting,” Miqati said, adding that the “desired reforms are not impossible to implement.”

He noted that “despite the chaos in neighboring countries, the Lebanese financial sector was able to maintain its stability.”

Comments 4
Thumb sevilla 15 November 2013, 15:28

“There are investments that are still available in Lebanon and very tempting,” Miqati said.

Delusion.....!

Thumb -@wolf. 15 November 2013, 16:05

Miqati & all high profile politicians are more interested in the " Money / Financial " side than the Human toll which has affected the majority of Lebanese .
Of course he is tempted , he & all of the Politicians can smell the aroma of money to be made through international donations supposedly earmarked for the Refugees as well as for the Lebanese people , but they are pocketing hundreds of millions of dollars amongst themselves , that is why they postponed the elections ! Bloody thieves .....
Signed Wolf ..

Thumb mckinl 16 November 2013, 01:03

Mikati is playing both sides of the street because he wants in on the massive rebuilding Syria will have to undergo while keeping his parliamentary seat and protecting his own wealth.

If Mikati were so concerned about Lebanon he would convene the cabinet and take the decisions needed to move forward such as the oil and gas portfolio. But Nijab waits like the vulture he is to feast on the spoils.

Thumb mckinl 16 November 2013, 00:59

Lebanon is paying a huge price in part because Mikati won't convene the cabinet and take important decisions such as the oil and gas portfolio.

Mikati is a big part of the problem. He looks out for his own parliamentary seat and his own portfolio but betrays his responsibility to Lebanon.