{
  "id": 17776907,
  "title": "Al Habtoor Group board approves sale of all assets and investments in Lebanon",
  "url": "https://urgent.news/2026/11/02/al-habtoor-group-board-approves-sale-of-all-assets-and-investments-in",
  "topic": "world",
  "section": "World",
  "published": "2026-11-02T09:11:34.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/economy/2026/11/02/habtoor-group-board-approves-sale-of-all-its-assets-and-investments-in-lebanon/"
  },
  "original_language": "en",
  "account": "Dubai-based investment firm Al Habtoor Group has approved the sale of all its assets and investments in Lebanon, after the company ceased operations there. This move comes after prolonged instability and an investment dispute in the country, which led to the company losing over $1.7 billion. Al Habtoor Group, which had a presence in Lebanon since 2001 with a portfolio of hotels, commercial, and residential properties, has now decided to divest through a structured and commercially driven process. The company will evaluate each asset individually and pursue transactions based on market conditions and valuations. The group has also appointed law firm White & Case to initiate arbitration proceedings against Lebanon under the UAE-Lebanon bilateral investment treaty. Lebanon has been grappling with an economic crisis since 2019, with the World Bank predicting a 6.4% contraction in the economy for 2026. The turmoil is compounded by the aftermath of the Iran war, which further exposes Lebanon to risks such as shipping and energy supply disruptions. The International Monetary Fund has recently begun talks with Lebanon as part of its efforts to assist vulnerable countries in the Middle East and North Africa.",
  "summary": "Dubai-based Al Habtoor Group said its board of directors had approved the sale of the company's assets and investments in Lebanon , after it ceased operations there. The company, which has hotels, commercial and residential properties in Lebanon, said in January that it was ceasing operations and would terminate its employees in the country due to \"prolonged instability\" and an investment…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Gulf News",
        "title": "Dubai's Al Habtoor Group to sell all assets and investments in Lebanon",
        "url": "https://urgent.news/2026/11/02/dubais-al-habtoor-group-to-sell-all-assets-and-investments-in-lebanon",
        "published": "2026-11-02T10:22:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}