UAE businesses eye 'first-mover advantage' in Lebanon as relations thaw
Lebanon hosted a delegation of more than 80 economic leaders and private-sector figures from the UAE on Wednesday, announcing the creation of a business council that signals a thaw in bilateral relations. It is hoped the newly formed group could pave the way for Emirati investments in Lebanon’s struggling economy. The Lebanese-Emirati Economic Forum, attended by Dr Thani Al Zeyoudi, Minister of…
The UAE has sent a delegation of over 80 economic leaders and private-sector figures to Lebanon to announce the creation of a business council, signaling a thaw in bilateral relations. The Lebanese-Emirati Economic Forum, attended by Dr Thani Al Zeyoudi, Minister of Foreign Trade, is being held in Lebanon for two days, aimed at paving the way for Emirati investments in Lebanon's struggling economy.
The delegation hopes to gain a "first-mover advantage" by investing in sectors such as logistics, agriculture, energy, aviation, and tourism, with UAE officials encouraging business leaders to focus on economic aspects and improve the situation rather than waiting for the crisis to resolve.
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