The ban on UAE citizens to travelling to Lebanon will hurt the country’s tourism sector, experts say.
The travel ban comes on the heels of Saudi Arabia stopping US$4 billion in military aid to Lebanon last week. The Saudi decision was backed by the UAE, Kuwait and Bahrain.
Security concerns and geopolitical tensions also plague Syria, Egypt and Turkey.
Travellers from the UAE and the Arabian Gulf are expected to prefer destinations in Europe and the Far East over popular destinations in Egypt, Lebanon and Turkey this year, according to Euromonitor International and travel agencies.
Lebanese banks removed from financial watchdog list

daily star.com.lb
International correspondent banks and depositors will be the first to rejoice following an announcement by a financial watchdog that Lebanon is no longer under the surveillance, bankers said Monday. “Of course this is very good news for Lebanon and the banking sector. Our banks have shown commitment in complying with all international rules and requirements to combat money laundering and terrorism funding,” Markam Sader, the secretary general of the Association of Banks in Lebanon, told The Daily Star.
Other bankers also stressed that the decision to lift the surveillance on Lebanon is not surprising, noting that banks have earnestly pursued upgrading their compliance departments without hesitation.
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Sauudi, UAE warn against travel to Lebanon

Saudi Arabia on Tuesday warned its nationals against travel to Lebanon and the United Arab Emirates banned its citizens from traveling to the Arab country.
The Saudi foreign ministry issued a statement calling on “all citizens not to travel to Lebanon, for their safety, and asking citizens residing in Lebanon or visiting not to stay unless extremely necessary,” the official SPA news agency reported.
The United Arab Emirates, meanwhile, also announced on Tuesday that it was banning its citizens from traveling to Lebanon and reducing its diplomatic mission there, according to state news agency WAM.
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