Daily Traders Edge

Saudi halts $3 bn in aid to Lebanon army: official

February 19
19:37 2016

Saudi Arabia said Friday it has halted a $3 billion programme for military supplies to Lebanon in protest against Hezbollah, the Shiite militant group fighting in support of Syria's regime. In light of positions taken by Hezbollah the kingdom proceeded to "a comprehensive review of its relations with the Lebanese republic", an unnamed official told the Saudi Press Agency. Hezbollah, however, said the Saudi decision came as no surprise and "was taken quite some time ago".

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