Egypt and Jordan signed an agreement to establish a coordination council for investment cooperation between the two countries during the meeting of Arab financial institutions in the Dead Sea, Jordan. The agreement was signed by Sahar Nasr, minister of investment and international cooperation, and Muhannad Shehadeh, Jordanian minister of state for investment affairs and chairperson of the Jordan Investment Authority, in order to enhance bilateral investment relations and develop mutual cooperation between the two countries. Nasr explained that the council will be an economic grouping comprising investors and members of the business community in Egypt and Jordan, with the aim of strengthening relations in various investment fields. They will be selected by the Egyptian Ministry of Investment and International Cooperation and the Jordanian Investment Authority. Meanwhile, the minister then met with Emad Fakhoury, minister of planning and international cooperation of Jordan, where they discussed ways of cooperation and joint coordination of the position of Egypt and Jordan with international and regional financial institutions and exchange of experiences between the two countries.

Source: Daily News Egypt April 11, 2018 15:00 UTC