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UAE to join French-Saudi fund to support Lebanon

Prime Minister of Lebanon, Najib Mikati (R) chats with President of France, Emmanuel Macron (L) on the sidelines of the COP26 World Leaders Summit of the 26th United Nations Climate Change Conference at the SEC, Glasgow on November 1, 2021. [Lebanese Governmental Palace - Anadolu Agency]
Prime Minister of Lebanon, Najib Mikati (R) chats with President of France, Emmanuel Macron (L) on the sidelines of the COP26 World Leaders Summit of the 26th United Nations Climate Change Conference at the SEC, Glasgow on November 1, 2021. [Lebanese Governmental Palace - Anadolu Agency]

A French top diplomat said the United Arab Emirates will join a Saudi-French common fund that aimed to provide support to Lebanon, Reuters reports.

According to the report, France's Foreign Minister, Jean-Yves Le Drian, said that the United Arab Emirates would join a Saudi-French fund that aimed to provide support to the Lebanese people.

Last December, Macron announced a Saudi-French initiative to solve a diplomatic crisis with Lebanon during his visit to Riyadh.

"The visit by President (Emmanuel) Macron enabled the Gulf (Arab countries) to renew ties, which saw (the creation of) a joint Franco-Saudi fund to support the Lebanese, which will be helped tomorrow, or the day after, with a contribution from the United Arab Emirates," Jean-Yves Le Drian told a parliamentary hearing.

In 2018, the UAE donated Lebanon's armed forces with $200m in aid to help "stabilise" the country.

By building this fund, France and Saudi Arabia aim to destroy powerful Iran-backed Hezbollah's influence in the country.

READ: Lebanon court bans Banque du Liban governor from travel

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Europe & RussiaFranceLebanonMiddle EastNewsSaudi ArabiaUAE
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