News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
27
o
Bekaa
22
o
Keserwan
27
o
Metn
27
o
Mount Lebanon
23
o
North
28
o
South
24
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Joumhoriyet Noun
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
27
o
Bekaa
22
o
Keserwan
27
o
Metn
27
o
Mount Lebanon
23
o
North
28
o
South
24
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Emirati conglomerate Al Habtoor Group seeks justice for breaches of 'Investment Treaty' with Lebanon
Lebanon Economy
10-01-2024 | 04:59
High views
Share
Share
2
min
Emirati conglomerate Al Habtoor Group seeks justice for breaches of 'Investment Treaty' with Lebanon
In a Wednesday statement, the Emirati conglomerate Al Habtoor Group issued a notice of an Investment Treaty Dispute against the Lebanese Republic about the country's breaches of the Bilateral Investment Treaty between the United Arab Emirates and Lebanon.
It said that the dispute was about the Group's investments in Lebanon.
"Al Habtoor Group has invested in the Lebanese Republic close to USD 1 billion to date. Among which, the Group placed funds within the Lebanese banking system and invested in luxury hotels branded under Hilton Hotels & Resorts, a shopping mall, a 100,000 sqm entertainment & leisure destination named Habtoor Land, and other real estate investments across the country," affirmed the statement.
Lebanon agreed to protect Emirati investments under the UAE-Lebanon Treaty, which entered into force in 1999; however, it breached its obligations towards Al Habtoor Group under the Treaty.
"Lebanon and its Central Bank have imposed restrictions preventing Al Habtoor Group from freely transferring its funds amounting to over USD 44 million from the Lebanese banks," the statement expressed.
The statement also affirmed Lebanon's failure to secure a safe environment for Al Habtoor Group's businesses and investments. As a result, the latter incurred and "continues to incur significant losses and damages."
Represented by the international law firm White & Case LLP, Al Habtoor Group confirmed that it "intends to pursue its rights vigorously, locally and internationally."
"By sending a formal notice of the dispute to the Lebanese various Government bodies in early January 2024, Al Habtoor Group triggered the six-month cooling-off period under the UAE-Lebanon Treaty," the statement added.
It concluded: "If the dispute is not resolved within six months and the Al Habtoor Group claims are not settled, it will be open to Al Habtoor Group to commence appropriate local and international legal proceedings against the Lebanese Republic in accordance with the Treaty."
Lebanon News
Lebanon Economy
Al Habtoor Group
Investment
Treaty
Dispute
Lebanon
United Arab Emirates
Next
President Aoun emphasizes importance of agricultural sector, highlights efforts to boost exports to Gulf countries
Recommended For You
d-none hideMe
0
Lebanon Economy
07:05
Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular
Lebanon Economy
07:05
Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular
0
Lebanon Economy
2025-07-14
Lebanon's central bank partners with US firm to boost financial oversight
Lebanon Economy
2025-07-14
Lebanon's central bank partners with US firm to boost financial oversight
0
Lebanon Economy
2025-07-11
Fuel prices shift in Lebanon
Lebanon Economy
2025-07-11
Fuel prices shift in Lebanon
0
News Bulletin Reports
2025-07-08
Billions needed, but no plan: Lebanon’s social spending crisis deepens
News Bulletin Reports
2025-07-08
Billions needed, but no plan: Lebanon’s social spending crisis deepens
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2025-05-03
Hezbollah condemns Israeli airstrikes on Syria
Lebanon News
2025-05-03
Hezbollah condemns Israeli airstrikes on Syria
0
Lebanon News
14:14
Lebanese Press Syndicate condemns violent assault on LBCI journalist Petra Abou Haidar
Lebanon News
14:14
Lebanese Press Syndicate condemns violent assault on LBCI journalist Petra Abou Haidar
0
World News
2025-04-15
Trump spoke to sultan of Oman about Iran talks: White House
World News
2025-04-15
Trump spoke to sultan of Oman about Iran talks: White House
0
News Bulletin Reports
13:10
A 'Druze crisis': Syria-Israel security deal in jeopardy amid Sweida clashes and Israeli strikes
News Bulletin Reports
13:10
A 'Druze crisis': Syria-Israel security deal in jeopardy amid Sweida clashes and Israeli strikes
Videos
d-none hideMe
0
Lebanon News
08:59
Pregnant journalist Petra Abou Haidar attacked in road rage assault
Lebanon News
08:59
Pregnant journalist Petra Abou Haidar attacked in road rage assault
0
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
08:59
Pregnant journalist Petra Abou Haidar attacked in road rage assault
Lebanon News
08:59
Pregnant journalist Petra Abou Haidar attacked in road rage assault
2
Lebanon News
08:53
Israeli airstrikes kill 12 in Lebanon's Bekaa, including Syrian refugees
Lebanon News
08:53
Israeli airstrikes kill 12 in Lebanon's Bekaa, including Syrian refugees
3
Lebanon Economy
07:05
Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular
Lebanon Economy
07:05
Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular
4
Lebanon News
10:10
Lebanon's Press Club condemns assault on journalist Petra Abou Haidar, calls for accountability
Lebanon News
10:10
Lebanon's Press Club condemns assault on journalist Petra Abou Haidar, calls for accountability
5
Lebanon News
07:15
Lebanese Army arrests 144 Syrians for illegal entry, detains multiple Lebanese suspects in raids
Lebanon News
07:15
Lebanese Army arrests 144 Syrians for illegal entry, detains multiple Lebanese suspects in raids
6
Lebanon News
03:42
Airstrikes hit Bodai as Israel targets alleged Hezbollah positions in Bekaa
Lebanon News
03:42
Airstrikes hit Bodai as Israel targets alleged Hezbollah positions in Bekaa
7
News Bulletin Reports
12:48
Inside Lebanon's biggest drug lab: Lebanese Army tightens grip on Bekaa drug lords
News Bulletin Reports
12:48
Inside Lebanon's biggest drug lab: Lebanese Army tightens grip on Bekaa drug lords
8
Lebanon News
04:44
Israeli defense minister says strikes under way in Lebanon are 'clear message' to Hezbollah
Lebanon News
04:44
Israeli defense minister says strikes under way in Lebanon are 'clear message' to Hezbollah
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More