The Mideastwire Blog

Excerpts from the Arab and Iranian Media & Analysis of US Policy in the Region

Saudi’s next move against Lebanon could be in the form of a financial bomb: removing massive gold/dollar deposits

Translated in full tonight by our (for a free trial email An excerpt:
“Three explanations for the Saudi decision to halt the grant to Lebanon…”
On February 23, the Al-Rai al-Youm newspaper carried the following report:

“…To be quite concise, the Saudi authorities feel that they lost Lebanon and are about to lose Syria in addition to having lost Iraq even before that and perhaps even Yemen to the Iranian adversary…Mr. Nouhad al-Mashnouq, the Lebanese interior minister who belongs to a movement (March 14) that constitutes one of the main arms of the Saudi authority in Lebanon, warned the Lebanese by saying that “the worst part is yet to come” without revealing what this worst part could be. This led to speculations on the possible freezing or retraction of the Saudi grant to the Lebanese central bank knowing that the grant amounts to 800 million dollars.


Written by nickbiddlenoe

February 23, 2016 at 10:42 pm

Posted in Uncategorized

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