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, announcing the creation of a business council that signals a thaw in bilateral relations. The Lebanese-Emirati Economic Forum, attended by Lebanese Minister of Foreign Trade Dr Thani Al Zeyoudi, is being held in Lebanon for two days.
The delegation aims to gain a "first-mover advantage" by investing in sectors such as logistics, agriculture, energy, aviation, and tourism. The establishment of the Lebanese-Emirati Business Council, the lifting of the travel ban, and the Emirati delegation's visit to Lebanon are all seen as indicators of strengthening fraternal relations between the two countries.
Brief written by urgent.news from The National UAE's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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