Lebanon was rocked by political chaos late last year after its Prime Minister Saad Hariri announced his resignation from the Saudi capital of Riyadh, in a move many observers believe was forced by the Saudi kingdom. Hariri later rescinded his resignation, returning to a country far more united in support for their prime minister than ever before.

"We count on the support of Saudi Arabia, and we believe that Saudi Arabia has always supported Lebanon positively," Hasbani insisted. "It is not an intervention as much as it is always a positive support to allow the Lebanese to solve their own problems, within a stabilized environment."

Speaking to CNBC in Davos, Switzerland, the deputy leader had far more positive things to say about the Sunni kingdom than some of his other government counterparts, who have accused it of aggression and interference.

Saudi Arabia's involvement in Lebanese politics — notably its political crisis of November 2017 — is simply a matter of "relationship ups and downs," Lebanese Deputy Prime Minister Ghassan Hasbani said at the World Economic Forum on Monday.

King of Saudi Arabia Salman bin Abdulaziz Al Saud (R) shakes hands with Former Prime Minister of Lebanon Saad Hariri (L), who resigned recently, at King Salman Air Base Airport in Riyadh, Saudi Arabia on November 11, 2017.

Hasbani's comments strike a decidedly different tone from that of Lebanese President Michael Aoun, who in mid-November directly accused Saudi Arabia of detaining Hariri, saying that "Nothing justifies that Saad al Hariri has not returned to Lebanon in 12 days. We consider that he has been detained."

"This is not an intervention ... as much as a relationship situation, whereby this relationship had its ups and downs, depending on the rhetoric that comes out of certain parties in Lebanon," Hasbani said. He explained the events were triggered by what he described as "strong negative rhetoric" against Gulf countries from Shia militant and political group Hezbollah, which is the strongest wing of Lebanon's coalition government.

"That caused a lot of discontent in the relationship," Hasbani added, stressing that much of Lebanon's economic stability is credited to Saudi Arabia and its fellow Gulf countries, which provide the vast majority of Lebanon's foreign investment.

"We consider this to be a past event, and now we're looking forward to rebuilding that positive relationship with Saudi Arabia."

The weeks-long crisis was seen as a manifestation of the intensifying proxy war between Sunni-majority Saudi Arabia and Shia-dominated Iran. Saudi Arabia's efforts are part of its campaign to isolate Hezbollah — which is financially supported by Iran — and freeze its involvement in regional conflicts in which the Sunni kingdom has interests, like Yemen and Syria.

Hariri, a Sunni Muslim and Saudi citizen, had reached a political compromise in 2016 granting Hezbollah military autonomy. This, experts say, was the likely catalyst for Saudi Arabia's involvement.

A diverse country of 18 different religious groups, Lebanon's fragile political system is based on power-sharing between Sunnis, Shiites and Christians. This often results in a fractured and gridlocked government and society, most vividly manifested in a bloody 15-year civil war that only ended in 1990.