Egyptian, Lebanese businessmen discuss economic ties
Suez Canal - YOUM7 (Archive)

CAIRO: Egyptian and Lebanese business delegations held series of meetings Friday to discuss ways to increase trade volume and boost investment opportunities in Egypt, states news agency MENA reported.

The Egyptian delegation headed by head of promotion department for the Middle East and North Africa region in the General Authority For Investment and Free Zones (GAFI) Mounir Gomaa and head of Egyptian Commercial Service in the Egyptian Embassy in Beirut Mahmoud Madhar.

The two sides discussed ways to activate a memorandum of understanding inked earlier this year.

Bilateral foreign trade volume between Egypt and Lebanon in 2012 reached $929 million, compares with $1.01 billion in 2011, according to the American Chamber of Commerce in Egypt.

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