logo
Dubai: Lebanese PM thanks UAE President for allowing Emiratis to return to 'second home'

Dubai: Lebanese PM thanks UAE President for allowing Emiratis to return to 'second home'

Khaleej Times2 days ago

Lebanese Prime Minister Dr. Nawaf Salam expressed deep gratitude to the UAE and its President Sheikh Mohamed bin Zayed Al Nahyan for fulfilling promises to allow Emiratis to return to their 'second home' Lebanon.
'Lebanon does not forget the gestures of our brothers in the Arabian Gulf.' Dr. Salam said during his address at the Arab Media Summit in Dubai.
The Lebanese Premier highlighted that approximately 190,000 Lebanese citizens live and work in the UAE 'with dedication and sincerity,' enjoying 'security, safety, and quality of life' in what they consider their 'second country.'
Dr. Salam emphasised that Lebanon is built on the twin pillars of reform and sovereignty, which necessitates the exclusivity of weapons. 'We must free ourselves from the duality of weapons that led to duality in decision-making and consequently to the loss of the national state project,' he stated.
Outlining his vision for Lebanon, the Prime Minister described it as 'not a fantasy, but a realistic project.' He said, wanting a state of law and institutions, a state of sovereignty not displacement, a state of decision not a battlefield.
Rooted in Arab identity
'We want a Lebanon that owns its decision in peace and war, a Lebanon rooted in its Arab identity and affiliation, open to the world, capable of being a bridge of communication between East and West,' he added.
Dr. Salam noted that while Lebanon has returned to the Arab fold, but it longs for Arab brothers to return to it — an effective return based on partnership and integration.
The Prime Minister reminded the audience that Lebanon continues to face challenges, including Israeli occupation of Lebanese territory and daily violations of sovereignty, even as the country works to implement its international obligations and adheres to the cessation of hostilities.
Speaking about the media landscape, Dr. Salam described the current battle in Lebanon as 'not just an economic or political battle, but a battle of awareness, a battle of words.'
'Media for us is not just a party in our journey toward reform and advancement, but a fundamental condition for it. We want it to be a partner in rebuilding trust and in shaping a new future for our country,' he said.
The Lebanese leader called for professional, impartial media committed to truth, creating 'a space for participation, understanding, and mutual comprehension, as the early philosophers intended when they defined communication as a sharing of meaning.'
'Historic crossroads'
Dr. Salam described the region as being at a 'historic crossroads' and a 'delicate regional moment' that requires a new media discourse to confront attempts at marginalization and dismantling while reproducing hope.
'We want a vibrant Arab media that opens windows and protects freedom without misusing it,' he stated.
Concluding his address, Dr. Salam spoke not just as Prime Minister but as a Lebanese citizen who has experienced pain and hope, and believes that when words are sincere, they can be a bridge toward more humane and cohesive societies.
Dubai, which he described as 'the city of vision and ambition as Prime Minister Sheikh Mohammed bin Rashid wanted it,' he called on all free media professionals to be 'guardians of truth, makers of awareness, and allies of advancement.'
'Lebanon, from this platform, tells you: We are returning — returning to our state, returning to our Arab identity, returning to the future,' Dr. Salam concluded.
UAE and Lebanon agreed to allow citizens to travel after taking the necessary measures to facilitate movement between the two countries and establishing appropriate mechanisms.
UAE citizens were allowed to travel to Lebanon effective May 7 but prior registration on the Ministry of Foreign Affairs' Twajudi platform is mandatory.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mideast Stocks: UAE markets fall but Dubai index ends May at multi-year high
Mideast Stocks: UAE markets fall but Dubai index ends May at multi-year high

Zawya

time6 minutes ago

  • Zawya

Mideast Stocks: UAE markets fall but Dubai index ends May at multi-year high

Dubai's main share index ended May at its highest level since July 2008, even as global trade uncertainty and concern over an economic slowdown weighed on sentiment in Friday's session. Oil prices - a catalyst for Gulf markets - were flat on Friday and heading for a second consecutive weekly loss, as investors weigh a potentially larger OPEC+ output hike for July, and uncertainty spreads around U.S. tariff policy after the latest courtroom twist. United Arab Emirates' markets settled lower on Friday, with Dubai's index retreating 0.22% and Abu Dhabi's benchmark index ending 0.62% lower, although the market ended the month at its highest level since March 2024. Abu Dhabi's index also recorded a seventh consecutive weekly session of gains. Ratings agency Fitch warned on Thursday that Dubai real estate prices are likely to face a double-digit fall in the second half of the year and in 2026. The Gulf's business and tourism hub, Dubai has experienced a post-pandemic property boom, fuelled by foreign investment and government-led residency reforms, which have helped send real estate prices soaring. Real estate development company Emaar Properties fell 1.13% on Friday. Healthcare and education investment company Amanat Holding was the biggest loser on the index, down 2.78%. All other Gulf markets are closed on Friday. ABU DHABI down 0.62% to 9,685.1 DUBAI down 0.22% to 5,480.51

Saudi Aramco could tap debt markets again after $5bln bond sale
Saudi Aramco could tap debt markets again after $5bln bond sale

Zawya

time28 minutes ago

  • Zawya

Saudi Aramco could tap debt markets again after $5bln bond sale

Saudi Aramco has published a new prospectus for its issuance programme of Islamic bonds or sukuk, signalling the state oil major may soon tap the debt markets again after it raised $5 billion from a three-part bond sale this week. The prospectus, submitted to the London Stock Exchange where the sukuk would be listed, is dated May 30. Aramco has a year to issue sukuk under its terms. Aramco earlier this week raised $5 billion from a sale of conventional bonds. The borrowing comes after economic uncertainty and rising supply hit crude markets, denting the top oil exporter's profits. "Aramco is likely looking to take advantage of a window of relative market calm to issue debt again," said Zeina Rizk, co-head of fixed income at Amwal Capital Partners. Aramco in March said it expected to slash its dividend this year by nearly a third as profits and free cash flow decline. Reuters reported last week that Aramco is exploring potential asset sales to free up funds as it pursues international expansion and weathers lower crude prices. The Saudi government is heavily reliant on generous payouts from Aramco, its longtime cash cow, also including royalties and taxes. Oil receipts made up 62% of state revenue last year. The government does not disclose at which crude price its books are balanced. The IMF estimates it needs oil at over $90 a barrel for a balanced budget. Brent crude was trading around $64.4 on Friday. Citi, HSBC and JPMorgan are the arrangers of the sukuk programme and are joined as dealers by First Abu Dhabi Bank, Goldman Sachs, Morgan Stanley, SNB Capital and Standard Chartered. (Reporting by Yousef Saba in Dubai, Prerna Bedi and Mohd Edrees in Benglauru; Editing by Emelia Sithole-Matarise and David Holmes)

Syria welcomes Japan's decision to lift sanctions on four banks
Syria welcomes Japan's decision to lift sanctions on four banks

Khaleej Times

time29 minutes ago

  • Khaleej Times

Syria welcomes Japan's decision to lift sanctions on four banks

Syria has welcomed Japan's decision to lift sanctions and unfreeze assets on four Syrian national banks, calling it a 'positive step' toward the country's economic recovery and reconstruction. Japanese broadcaster NHK World-Japan had reported that its government had decided to partially lift sanctions that had been imposed on Syria. As part of the move, sanctions were lifted on The Industrial Bank, Popular Credit Bank, Savings Bank and Agricultural Cooperative Bank. In a statement issued on Friday, the Ministry of Foreign Affairs and Expatriates said the move to ease restrictions would help bolster financial and economic cooperation between the two nations. 'This decision is a step in the right direction toward achieving stability and prosperity, and advancing Syria's reconstruction process,' the statement said. It added that the lifting of sanctions will facilitate the implementation of development projects across various sectors and help alleviate the hardships faced by the Syrian people. "Syria hopes that this step will pave the way for further openness and constructive cooperation with friendly Japan, based on mutual respect and common interests," it further said in the statement. On May 24, the United States lifted comprehensive economic sanctions on Syria on Friday, marking a dramatic policy shift following the end of Bashar al-Assad's regime and opening the door for new investment in the war-torn country.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store