Gulf Arab states have long channeled funds into Lebanon's fragile economy but its rich neighbors, alarmed by the rising influence of their arch-rival Iran's ally Hezbollah, now appear loath to help ease Beirut's worst financial crisis in decades.
Saudi Crown Prince Mohammed bin Salman accused Iran of standing behind the recent attacks on oil tankers in the Gulf of Oman, stressing that his country will confront any threat that faces it.
American brand Urban outfitters is set to open its first shop in the Gulf at the Dubai Mall soon. "As there continues to be a high demand for experiential concepts, we believe Urban Outfitters will be very well received by our customers across the MENA region,” Azadea Group's chief executive, Said G Daher, said.
