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US shifts over $100 mn in military aid from Israel and Egypt to Lebanon

Business Standard LogoBusiness Standard20h ago

US shifts over $100 mn in military aid from Israel and Egypt to Lebanon - Business Standard

Quick Summary:

The Biden administration in its final days is shifting more than $100 million in military aid from Israel and Egypt to Lebanon as it tries to bolster a ceasefire agreement it helped mediate between Israel and Hezbollah.

In separate notices sent to Congress, the State Department said it was moving $95 million in military assistance intended for Egypt and $7.5 million for Israel toward supporting the Lebanese army and its government.

Most of the money will go to the Lebanese Armed Forces, which have a critical role in standing up the ceasefire that was agreed to in November following an all-out war that battered much of southern and eastern Lebanon for two months.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 08:42:20 (20 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 569 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24968600

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 335 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Website Security: Secure (HTTPS)

Publisher ID: #49

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