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
Saudi Arabia and Syria signed a cooperation agreement between the two countries' defense ministries on Wednesday, Saudi state news agency SPA reported, as Yemen's Iran-aligned Houthi group continues its missile and drone attacks on the kingdom.
Ankara rejected on Wednesday what it called the "prejudiced and unfair" stance of the European Union towards fundamental rights and the judiciary in Turkey, and regarding Cyprus, contained in the bloc's report on EU membership candidates.
Turkey's parliament is set on Wednesday to ratify a defence pact with Saudi Arabia and Pakistan that includes a collective defence clause, committing NATO's second-largest army to Riyadh's defence as it faces attacks by Yemen's Iran-backed Houthis.
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