Bahrain is ready to reopen its embassy in Beirut, according to Lebanon’s state-run National News Agency.
Bahraini Ambassador to Lebanon Wahid Mubarak Sayyar informed Lebanese Prime Minister Nawaf Salam on Wednesday following a meeting at the Grand Serail in Beirut, NNA reported.
Lebanese President Joseph Aoun received the credentials of Mr Sayyar on Tuesday, the Bahrain News Agency reported.
Mr Sayyar, currently based in Damascus, said preparations are under way to appoint a resident ambassador “soon”, the NNA said. He is also reported to have reaffirmed “Bahrain’s support for Lebanon during this phase of recovery and institutional reconstruction”.
Mr Salam welcomed the move and expressed Lebanon’s commitment to “strengthening bilateral relations between the two brotherly countries”. He also expressed optimism that Lebanon is “regaining its natural place within the Arab fold”.
Bahrain was among several Gulf countries, including Saudi Arabia, the UAE and Kuwait, that withdrew their ambassadors from Beirut in October 2021 following remarks by then Information Minister George Kordahi, who criticised the Saudi-led military intervention in Yemen.
His comments triggered a diplomatic crisis, reflecting deeper Gulf concerns over Iran’s growing influence in Lebanon through Hezbollah, the powerful Shiite movement that wields both military and political power.
Relations remained strained for years. But Gulf engagement has gradually resumed in the aftermath of the war between Hezbollah and Israel, which concluded in November last year. The Iran-backed group was severely weakened following the war. Israel’s military campaign destroyed much of Hezbollah’s infrastructure, infiltrated its security network and eliminated the group’s leader and top commanders.
Since his election in January, Mr Aoun has prioritised mending relations with Arab capitals. His administration, in tandem with Mr Salam, has launched a diplomatic charm offensive aimed at restoring Lebanon’s standing within the Arab League.
President Aoun has already visited the UAE, Saudi Arabia, Qatar and Kuwait. Following his visits, the UAE and Kuwait lifted travel bans on Lebanon, allowing their citizens to return after years of absence.
Meanwhile, Saudi Arabia and Lebanon have agreed to examine obstacles preventing the resumption of Lebanese exports to the kingdom and are exploring the possibility of restoring travel access for Saudi nationals to Beirut.
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Name: Carzaty
Founders: Marwan Chaar and Hassan Jaffar
Launched: 2017
Employees: 22
Based: Dubai and Muscat
Sector: Automobile retail
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Global state-owned investor ranking by size
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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How much of your income do you need to save?
The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.
In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)
Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.