Khazen

Reuters, Beirut

The Iranian nuclear deal could help Lebanon overcome the obstacles that have for more than a year prevented the election of a president, Parliament Speaker Nabih Berri said on Wednesday. The presidency has been vacant since Michel Suleiman’s term expired in May 2014. Filling it requires a deal between rival politicians who are aligned with competing regional powers, Iran and Saudi Arabia.“This agreement could help create the climate that would help remove the complications facing the election of a president of the republic,” Berri, an ally of Iran, was quoted as saying in a statement circulated by his office.

By Babu Das Augustine,Banking Editor

Dubai: Iran’s nuclear deal with the West could be boon for business between the UAE and Iran, according to the Institute of International Finance (IIF).

“Lebanon and the UAE would benefit from the economic rebound in Iran. Given Lebanon’s financial skills and regional ties, it could play an important role in the future financing and channelling of investment needed by the Iranian economy. More foreign companies could be based in Dubai to do business in Iran,” said Garbis Iradian, Chief Economist, Africa/Middle East of IIF.

 

BU DHABI — Military aid provided by Saudi Arabia and the United States has boosted the firepower of the Lebanese Armed Forces (LAF) by about 30 to 40 percent in recent years, analysts said.

Over the past eight years Lebanon has received US military aid worth $1 billion, according to David Hale, the US ambassador to Lebanon.

"Almost every month orders are arriving to the Lebanese Armed Forces," said Riad Kahwaji, CEO of the Dubai-based Institute for Near East and Gulf Military Analysis.

Khazen History

Historical Feature:
Churches and Monasteries of the Khazen family