Thursday, February 25, 2016

KSA money transfers going through banks as usual. Mohamed Choucair denies rumor of banking stoppage


Saudi Arabia has not stopped financial transfers to Lebanon, said Mohamed Choucair, Chairman of the Federation of Chambers of Commerce, Industry and Agriculture, dispelling rumors published in the social media.

Choucair said he has been told by senior executives in the banking sector that transfers are going through as usual.

Exports to Saudi Arabia totaled $357 million in 2015, which represented 12 percent of overall exports.

Half of the $7.5 billion in remittances sent in...

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