Advertisement
Canada markets closed
  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • DOW

    38,239.66
    +153.86 (+0.40%)
     
  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     
  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     
  • Bitcoin CAD

    86,227.66
    -1,932.20 (-2.19%)
     
  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     
  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     
  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     
  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Lebanese minister whose comments sparked Saudi dispute to resign Friday, sources say

FILE PHOTO: Lebanese Information Minister George Kordahi meets with Maronite Patriarch Bechara Boutros Al-Rai, in Bkerke

(Reuters) - Lebanese Information Minister George Kordahi is expected to announce his resignation on Friday to pave the way for a possible resolution of a diplomatic spat between Lebanon and Saudi Arabia sparked by comments he made, sources said on Thursday.

The sources said Kordahi's resignation aimed to open the door for negotiations by French President Emmanuel Macron to resolve the dispute during a planned visit to Saudi Arabia this weekend.

Critical comments by Kordahi on the Saudi-led war in Yemen led Saudi Arabia in late October to expel Lebanon's envoy to the kingdom, recall its ambassador and ban all imports from Lebanon, dealing a new blow to the country's ailing economy.

Other Gulf states that are historical allies of Lebanon, including the United Arab Emirates and Kuwait, took similar punitive diplomatic measures.

ADVERTISEMENT

Saudi Arabia's foreign minister said last month that the kingdom's decision to cut ties was driven by Iran-backed Hezbollah's growing grip on Lebanon and that dealing with Lebanon's Hezbollah-backed government "is not productive and not helpful."

Hezbollah had backed Kordahi's decision not to resign, saying that Riyadh had contrived the crisis and Lebanon should not bow to foreign dictates.

(Reporting by Laila Bassam; Writing by Timour Azhari; editing by Grant McCool)