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Lebanon

Finance Minister: Bank Audits and Capital Increases Are Conditions for Continued Operations

Lebanese Finance Minister Yassin Jaber stated that all banks must undergo audits and increase capital to continue operating, while highlighting renewed Arab interest in Lebanon.

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Finance Minister: Bank Audits and Capital Increases Are Conditions for Continued Operations
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Finance Minister Yassin Jaber affirmed that every bank in Lebanon will be subject to an audit of its accounts and will be required to increase its capital to ensure its continued operation, stressing the necessity of addressing the banking sector's conditions according to the requirements of the upcoming phase.

Regarding Arab relations, Jaber noted that current developments reflect a return of Arab interest in Lebanon, starting from the Saudi umbrella to Qatari support, pointing out the anticipation of a Qatari economic delegation arriving in Beirut soon.

He clarified that the results of the agreement with Qatar need about two years before they begin to appear, encouraging the utilization of solar energy loans after the approval of their specific law, given the opportunities they provide to support the energy sector.

On the Dahr al-Baidar file, Jaber said the case is now before the Military Court, expressing his ignorance of the reasons for insisting on referring it to the Justice Council, and confirming that he wishes his colleagues would attend the sessions, given the many files and issues that require follow-up.

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