Egypt’s Finance Minister Momtaz al- Saieed agreed with his Libyan counterpart to tighten security measures at border crossings to combat smuggling, according to a statement received from the minister’s office by e-mail today.

Libyan Finance Minister Hassan Zilkam, who is visiting his country’s neighbor, told al-Saieed in a meeting yesterday that Libya is keen on increasing its investment in the Egyptian market and bolstering economic ties, according to the statement.

To contact the reporter on this story: Abdel Latif Wahba in Cairo at alatifwahba@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden in Dubai at barden@bloomberg.net