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S Arabia renews USD 1bn line of credit for Beirut: Lebanese govt

AFP  |  Paris 

Saudi Arabia, which vies with arch-rival for influence in Lebanon, will grant the country a USD 1-billion development loan, a told a donor conference in today.

"It's a renewal of a line of credit that was there in the past and was not used," Nadim Mounla, an to Lebanese Saad Hariri, said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 06 2018. 17:35 IST