At an international conference hosted by France, over $1 billion in pledges were secured to provide humanitarian aid and military support to Lebanon amid the ongoing conflict with Hezbollah militants. The funds include $800 million for humanitarian assistance and $200 million for security forces. French President Emmanuel Macron stressed the need for “massive aid” as the war has displaced over a million people and exacerbated Lebanon’s economic crisis. The conference also focused on strengthening Lebanon’s army and supporting the U.N. peacekeeping mission, UNIFIL, in the region.
Must Read
Gul Ahmed profits dragged down by energy costs, declining US and...
Company intends to spend the bulk of its free cash flow investing in increasing its own electricity generation