Lebanon Businessnews News
 

Qatar boosts influence
in Lebanon amid crises
AP
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Most wealthy Gulf Arab nations followed Saudi Arabia’s lead in recent years and ostracized crisis-hit Lebanon because of the growing influence of the Iranian-backed militant group Hezbollah. The exception was Qatar.

Doha has been silently expanding its influence in Lebanon. It continued receiving Lebanese leaders and pumped tens millions of dollars into helping the country’s armed forces amid a historic economic meltdown.

The small, gas-rich nation in late January began seeing the fruits of its investment, when state-owned Qatar Energy replaced a Russian firm in an international consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast.
FULL STORY
Date Posted: Feb 05, 2023
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