The UAE's Al Habtoor Group has said it will pursue legal measures for its investment dispute in Lebanon, after exhausting all good-faith efforts to resolve it.
The Dubai-headquartered conglomerate, which made investments across hospitality, retail, leisure, real estate and banking-related activities in Lebanon, said it has suffered losses exceeding $1.7 billion.
Investments have "suffered severe and sustained harm as a direct result of measures and restrictions imposed by Lebanese authorities and the Banque du Liban", the company said on Monday.
Authorities have prev
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