Lebanon's Finance Minister Yassine Jaber told Reuters on Friday that the World Bank is working to create a $1 billion fund for reconstruction efforts in the country.
Yassine Jaber © EU/Anwar Amro
Lebanon's Finance Minister Yassine Jaber told Reuters on Friday that the World Bank is working to create a $1 billion fund for reconstruction efforts in the country.
"The World Bank is putting in the seed money of $250 million and donors fill in the rest, $750 million," Jaber told Reuters.
Reporting by Maya Gebeily
U.S. President Donald Trump's administration on Thursday imposed sanctions on a third Chinese independent - or "teapot" - oil refinery, and port terminal operators in China for purchases of Iranian oil.
Some 200 seafarers aboard more than 15 ships stuck for weeks off Yemen's port of Ras Isa are preparing to offload cargoes and leave thanks to a ceasefire deal between Houthi militia and the U.S., maritime and labour union sources said on Thursday.
Israel conducted 14 strikes in the Nabatieh area in south Lebanon on Thursday, two Lebanese security sources told Reuters, one of Israel's most intense bombardments since a ceasefire brokered by the U.S in November.
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