UPDATE 1: Egypt, Greece sign maritime demarcation deal

UPDATE 1: Egypt, Greece sign maritime demarcation deal

Egypt and Greece have signed a maritime demarcation deal establishing an exclusive economic zone between the two countries, Egypt's Foreign Minister Sameh Shoukry said in a joint televised press conference on Thursday.

Shoukry received his Greek counterpart Nikos Dendias in Cairo earlier on Thursday to discuss means to strengthen bilateral relations and coordination between the two countries in the East Mediterranean region.

Shoukry said at the conference that the provisions of the deal are in line with international law and the United Nations Convention On The Law Of The Sea,.

The deal targets tapping into the capabilities available in the Eastern Mediterranean region, he added.

"The deal permits Egypt and Greece to go ahead with maximising benefits from riches available in the exclusive economic zones of both countries,