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Gulf’s Crackdown on Hezbollah May Endanger Lebanon Cash Flow

Plans by Persian Gulf countries to crack down on Hezbollah may pose a bigger threat to Lebanon’s fragile public finances than to the Shiite militant group.

Officials from the Gulf Cooperation Council, which includes Saudi Arabia and the United Arab Emirates, met this month to coordinate action against Hezbollah supporters in the region, after labeling it a terrorist group last month, a move matched by the European Union yesterday. The Shiite Muslim Hezbollah and the mostly Sunni Muslim GCC are on opposite sides of the Syrian civil war, with the Lebanese group fighting alongside President Bashar al-Assad while Gulf countries finance his opponents.