UAE and Lebanon Launch Joint Business Council to Enhance Economic Ties

Aug 30, 2026

67 min

Aug 30, 2026 13:31

UAE, Lebanon establish joint business council to boost trade and investment

## New Business Council Formation

The United Arab Emirates and Lebanon have initiated a joint business council aimed at strengthening economic relations and fostering private-sector partnerships. This development was formalized through a memorandum of understanding signed during the UAE-Lebanon Business Forum held in Beirut.

## Key Figures and Agreements

The agreement was signed by Abdallah Sultan Al Owais, representing the UAE, and Mohamed Choucair from Lebanon. The council is set to provide a platform for businesses to share market insights, identify investment opportunities, and develop strategic partnerships.

## Focus on Economic Growth

The forum, which gathered senior government and business leaders, focused on expanding bilateral trade and investment. Discussions highlighted the importance of facilitating market access and encouraging two-way investments to leverage the competitive advantages of both nations.

## Strategic Partnerships

Four memoranda of understanding were signed, targeting key economic sectors. This reflects a mutual effort to convert potential opportunities into viable projects. The council aims to identify high-potential sectors and foster a robust pipeline of business partnerships and ventures.

## Private Sector Engagement

Abdul Aziz Al Shamsi from the Sharjah Chamber of Commerce and Industry noted the strong interest from business leaders and investors in exploring opportunities in Lebanon, particularly in growth sectors. The council is expected to enhance engagement between investors and entrepreneurs, promoting investment opportunities in both countries.

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