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Lebanon Debate
70 Emirati Businessmen to Beirut
The Lebanese Depositors Association noted that the visit of an Emirati delegation, consisting of around 70 businessmen, to Lebanon on August 26-27 with the aim of signing agreements with the private sector and providing services at airports and border crossings, is a positive step toward strengthening the Lebanese economy. However, the association expressed doubts about Lebanon's ability to attract long-term investments due to the ongoing banking sector crisis, with funds held in Lebanese banks belonging to Arab and foreign businessmen, including Emirati businessman Khalaf Al Habtoor, who invested more than one billion dollars in Lebanon before his funds and employees became stuck in the banks. The association emphasized the importance of restoring trust by establishing clear mechanisms for the recovery of depositors' funds, noting that a lack of confidence hinders investment attraction and threatens the continuity of future projects.
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