Al Habtoor Group exits Lebanon and lays off employees after dispute with authorities

Israel

BEIRUT (AP) — A conglomerate based in the United Arab Emirates said Wednesday it is closing its operations in Lebanon and laying off all employees following a dispute with authorities in the crisis-hit country. The announcement by the Dubai-based Al Habtoor Group came two days after it said it will take legal action against Lebanese authorities over claims of investment losses of $1.7 billion. Al Habtoor Group’s businesses in Lebanon were hit hard by the country’s worst economic meltdown in

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