Report: Bank Transfers from Saudi Arabia to Lebanon Halted
إقرأ هذا الخبر بالعربية
Bank transfers from Saudi Arabia to Lebanon have stopped as part of the measures taken by Riyadh against the country following the halt of billions of dollars of aid to the Lebanese army and security forces, al-Joumhouria daily reported on Wednesday
The newspaper quoted banking sources as saying that Lebanese banks have informed their branches about the halt of transfers.
The sources said that Saudi authorities have not yet made an official announcement on the issue but are stopping money transfers for individuals and companies by asking for documents and the approval of the Saudi sponsors to send the funds.
Such measures had not been implemented in the past and makes it almost impossible to transfer money, they added.
Riyadh started putting pressure on Lebanon last month when it halted $4 billion of aid to the Lebanese army and security forces under the excuse that the country is siding with Iran, Hizbullah's main backer.
Saudi Arabia later pressured the Gulf Cooperation Council into considering Hizbullah a terrorist organization. The move was followed by a similar step made by the Arab League, which blacklisted the party earlier this month.
G.K.
D.A.
30 March 2016, 08:43
30
he biggest ennemy of the Arabs are not the Israelis or Americans/Europeans no, no...you guessed it , in the past century after the Ottomans era, Arabs themselves , on a systematic manner kep destroying each other, they may have left the desert but the desert and tribe mentality did not leave them.
30 March 2016, 09:04
08
I am sure it does not mater since mowaten and nassrallah said KSA is bankrupt anyway.
30 March 2016, 09:19
06
This is major! Lebanese expatriates throughout the world remit around $7.5 billion a year to Lebanon 50% of which is from Lebanese expats living in Saudi Arabia. There are 300,000 Lebanese living in Saudi alone. More economic disasters for sure.
30 March 2016, 10:16
06
"It is funny, everytime I visit, everyone drops work to go see me at the airport. They leave work early to go for a coffee."
You must be a very important person ( VIP).
30 March 2016, 11:50
03
Sorry, but just because your friends are lazy wazawiz who are looking for the smallest excuse to drop work and go meet you in their BMW doesn't mean that all Lebanese are like that. Make yourself some worthier friends...
30 March 2016, 12:29
70
The saudis are such great partners of Lebanon right?
Well they are cutting themselves off aswell.
