Hariri Denies UAE ‘Surprise’ is $1.4 Billion BDL Deposit


Prime Minister Saad Hariri on Thursday denied a media report claiming that the United Arab Emirates intends to deposit $1.4 billion at Banque du Liban as part of a support package for Lebanon.

“The MTV channel has quoted sources as alleging that the surprise that PM Hariri has spoken of might involve a $1.4 billion deposit at BDL without interest,” Hariri’s press office said in a statement.

“The press office would like to stress that this report is totally baseless and untrue, and it urges everyone to halt speculations that might harm the positive results of PM Hariri’s successful visit to the UAE,” the office added.

Hariri had on Tuesday announced that “the Emiratis have promised to make investments and offer Lebanon financial aid.”

“Efforts are underway to fulfill the promise,” Hariri told reporters as he wrapped up an official visit to the UAE.

“We are negotiating with them over the investments that they wish to make in the various sectors, in addition to financial investments in some banks or the central bank,” Hariri added.

The UAE had on Monday announced that it will allow its citizens to again go to Lebanon, ending a yearslong ban on travel to the country.

Emiratis had been banned from traveling to Lebanon over kidnapping fears amid neighboring Syria's civil war. The UAE also opposes Lebanon’s Iranian-backed Hizbullah.

The announcement came during Hariri’s visit to the UAE.

The premier is seeking financial support for Lebanon, which is going through an economic crisis. The country faces one of the highest debt ratios in the world, at $86 billion or more than 150% of the country's gross domestic product.

Comments 6
Thumb lebanon_first 8 months

Kilmeh biltim 1.4billion!!! Really, this easily? To finance hezbollah's adventures? Hear me people: we ll get no handout. Not unuil we sort our finances

Thumb s.o.s 8 months

Fixing the country requires exterminating the his terrorist organization before depositing billions of dollars in our central bank. Perhaps the UAE dan deploy a few of its best divisions in Lebanon.

Thumb ___flamethrower___ 8 months

Never has Lebanon known or seen a competent Prime Minister as much as this one, ever!

Thumb Candice 8 months

I was not surprised when he deposited $16 million in my account.

Thumb s.o.s 8 months

Better money than DNA ;)

Thumb wassupmanigga 8 months

Who will be the lucky winner of the 1.4?