Aoun Opens Economic Summit by Suggesting 'Arab Reconstruction Bank'

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President Michel Aoun on Sunday called for establishing an "Arab bank for rebuilding conflict-afflicted Arab countries," in his speech at the opening of Beirut’s Arab Economic and Social Development Summit.

“The holding of the summit today reaffirms Lebanon's role and message and we were hoping the summit would be an occasion to unite all Arabs without the presence of vacant seats. We exerted efforts to remove the obstacles but unfortunately they were stronger than us,” Aoun said, referring to the absence of Syria and Libya.

While Syria’s membership of the Arab League is still suspended, Libya has decided to boycott the summit in protest at the removal of its flag near the summit’s venue at the hands of AMAL Movement supporters.

Threats were also voiced against the Libyan delegation by AMAL supporters and MPs and the General Security agency barred Libyan businessmen from entering Lebanon via Beirut’s airport.

Separately, Aoun called for a “safe return” for the displaced Syrians, saying such a move “should not be confined to the political solution.”

“Lebanon has paid a hefty price due to wars and terrorism and it is bearing the biggest burden regionally and internationally in hosting the displaced Syrian brothers and the Palestinian brothers,” he added.

“We are not here today to discuss the reasons behind the wars but rather their destructive impact on the economies of our countries,” the president said.

He also warned that “there are Israeli threats against Lebanon and violations of Resolution 1701 in land, sea and air,” hoping the participants’ efforts “for enhancing joint developmental work will be successful.”

Timeline
  • 20 January 2019, 11:25

    President Aoun has called for establishing an "Arab bank for rebuilding conflict-afflicted Arab countries."

  • 20 January 2019, 11:15

    Aoun: The holding of the summit today reaffirms Lebanon's role and message and we were hoping the summit would be an occasion to unite all Arabs without the presence of vacant seats. We exerted efforts to remove the obstacles but unfortunately they were stronger than us.

  • 20 January 2019, 11:13

    Aoun at Arab economic summit: We call for a safe return for the displaced Syrians, which should not be confined to the political solution.

  • 20 January 2019, 11:06

    Aoun: There are Israeli threats against Lebanon and violations of Resolution 1701 in land, sea and air.

  • 20 January 2019, 11:05

    Aoun: Lebanon has paid a hefty price due to wars and terrorism and it is bearing the biggest burden regionally and internationally in hosting the displaced Syrian brothers and the Palestinian brothers.

  • 20 January 2019, 11:01

    Aoun: We are not here today to discuss the reasons behind the wars but rather their destructive impact on the economies of our countries.

  • 20 January 2019, 11:01

    Aoun at Arab economic summit: I hope our efforts for enhancing joint developmental work will be successful.

Comments 7
Thumb ___flamethrower___ 20 January 2019, 11:37

Never has Lebanon known or seen a president who is as daring and funny as this one, ever!

Thumb justice 20 January 2019, 11:38

President Aoun has called for establishing an "Arab bank for rebuilding conflict-afflicted Arab countries."

and wants his son-in-law to be in charge of it.

Thumb janoubi 20 January 2019, 11:41

" We exerted efforts to remove the obstacles but unfortunately they were stronger than us."

But you are the one who proclaimed himself 'The Strong President'.

Thumb lubnani.masi7i 20 January 2019, 13:04

He is acknowledging he is neither strong nor in control.

Thumb galaxy 20 January 2019, 15:14

Aoun Opens Economic Summit by Suggesting 'Arab Reconstruction Bank'

and how much is Bankrupt Lebanon going to contribute to this bank?

Thumb s.o.s 20 January 2019, 16:28

There’s nothing worth rebuilding. Syria should be destroyed further for what it has done during the 33 years it occupied Lebanon. As for Yemen, sand dunes don’t need rebuilding, they’ll form naturally when the wind will blow again on the desert.

Thumb shab 20 January 2019, 18:43

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