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Economy / Lebanon

Lebanon

December 2008 | Risk Summary

We continue to see the possibility of another military confrontation between Israel and Hizbullah, with rhetoric between the two parties intensifying and a new intelligence report showing that missiles in Hizbullah's 42,000-strong arsenal include long-range Iranian-made Zelzal missiles that can travel 250 kilometers. UN Secretary General Ban Ki Moon said last week: 'I am disturbed by the repeated exchange of threats between Israel and Hizbullah, in particular when apparently directed against the civilians', and a spokesman repeated his concerns on Thursday. The warning comes as both Israel and Lebanon head towards elections (Israel takes to the polls on February 10

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