Saudi Arabia, Cyprus set up joint business council
Cyprus has important relationships with several Middle Eastern states, including Egypt.
![Cyprus' Foreign Minister Ioannis Kasoulides (R) holds a joint press conference with his Saudi counterpart Prince Faisal bin Farhan al-Saud.](/sites/default/files/styles/article_hero_medium/public/2022-06/GettyImages-1238439844.jpeg?h=69f1eb85&itok=B9hPU9ia)
The Saudi and Cypriot chambers of commerce announced on June 7 the creation of a new organization to bolster trade between the two countries.
The Federation of Saudi Chambers of Commerce and the Cyprus Chamber of Commerce and Industry signed an agreement establishing the Saudi-Cypriot Business Council. The purpose of the council is to boost bilateral trade investment, the official Saudi Press Agency reported.