Economy
UAE to Lift Travel Ban on Lebanon

(Bloomberg) — The United Arab Emirates will lift a years-long travel ban on Lebanon, a move that could revive the embattled country’s vital tourism sector.
Read: Financial inclusion: Prospects and challenges
Visiting U.A.E. Ambassador to Lebanon Hamad Al Shamsi said the ban would end soon, according to Lebanon’s state-run National News Agency. Al Shamsi, who met with Foreign Minister Gebran Bassil, said a team from his country’s civil aviation authority is discussing technical issues with Lebanese counterparts.
Gulf countries first advised their citizens against traveling to Lebanon two years after the crisis in neighboring Syria erupted in 2011. The war there sent millions of refugees into Lebanon and further unsettled an already volatile security situation.
Before the war broke out, tourism accounted for 29 percent of gross domestic product. Now it represents about 18 percent, with Gulf tourists accounting for 30 percent of consumption in the peak June to October period.
Read: Goldman Asks What If Lebanon Is Forced to Restructure Debt
Saudi Arabia was the first Gulf nation to scrap its travel advisory, lifting it in February.
-
Automotive2 months ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
OER Magazines1 month ago
OER, April 25
-
News2 months ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, April 25
-
Renewables3 weeks ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Banking & Finance2 months ago
Sohar International Bank SAOG Announces Intention to Merge with Ahli Bank SAOG
-
Banking & Finance2 months ago
Bank Nizwa Signs MoU with Ministry of Endowments and Religious Affairs to Enhance Endowment Management & Islamic Finance Frameworks
You must be logged in to post a comment Login