Lebanon to host conference to attract investment to Libya

Arab World Materials 21 September 2011 12:36
Lebanon to host conference to attract investment to Libya
Lebanon to host conference to attract investment to Libya

Azerbaijan, Baku, Sept. 21 / Trend A. Isgandarov /

Lebanon said Wednesday it would host a conference in November to encourage investment in Libya, dpa reported.

The meeting would "promote investments in Libya and to stress the importance of joint cooperation to build a better future," Lebanese President Suleiman said.

"In the short term, (Libyans) expect us to continue protecting civilians, helping them maintain security and facilitating the transfer of humanitarian aid," he said.

In 2003, Libyan leader Moamer Gaddafi cut off diplomatic relations with Lebanon over the disappearance of a Lebanese Shiite cleric 25 years ago in Tripoli.

Lebanese officials believe that Musa al-Sadr disappeared in Libya after an argument with Gaddafi. Libya insists that al-Sadr and his two aides left on a flight to Rome at the end of their August 1978 visit, but Italy denies that he arrived.

Suleiman arrived in New York Tuesday to attend the annual session of the UN General Assembly. Lebanon holds the rotating presidency of the UN Security Council until the end of the month.

The council last week deployed a UN mission to support Libya's transitional authorities and unfroze assets to fund reconstruction and development.

Mass demonstrations demanding for the ouster of Qaddafi, who has been ruling the country for more than 40 years, started in Libya in mid-February and subsequently grew into armed confrontation between the government forces and the rebels