Saudi king assigns $500 mln in aid to rebuild Lebanon 2006-07-25 21:22:32

    RIYADH, July 25 (Xinhua) -- Saudi Arabia's King Abdullah Ibn Abdul-Aziz on Tuesday announced an allocation of 500 million U.S. dollars for reconstruction of Lebanon, which has been under Israeli attacks since July 12.

    The king said in an official statement that Saudi Arabia had pledged 500 million dollars for reconstruction of Lebanon and 250 million dollars to the Palestinians, state-owned al-Ikhbariya television reported.

    He also urged the international community to stop the ongoing Israeli offensives in Lebanon, warning of danger of a Mideast war.

    "The Middle East could be engulfed in war, if all peace moves fail," King Abdullah was quoted by the television as saying.

    He said that the Saudi government dedicated their all-out efforts to a halt of the conflicts between Israel and Lebanese Shiite group Hezbollah.

    In a press conference on Tuesday, Lebanese Prime Minister Fouad Siniora expressed his appreciation of the Saudi aid, saying that Saudi Arabia's support is very important for Lebanon. The process of aiding Lebanon was supported by different kinds of regional institutions as well.

    Several accounts to aid Lebanon were opened in different countries across the gulf since the Israeli-Lebanese conflicts erupted on July 12.

    Lebanon has been targeted by Israeli military attacks following the capture of two Israeli soldiers and killing of eight others in a cross-border raid by Hezbollah.

    More than 300 Lebanese and about 40 Israelis have been killed since the start of the crisis, it was reported. Enditem

Special report: Israel-Lebanon Conflicts  [Gallery]

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