Lebanese investments in Egypt suffered as a result of the political upheaval that the country is witnessing, but their losses so far remain minimal. The total estimate for Lebanese investments in Egypt is around two billion dollars, said Marwan Mikhael, the Head of Research at BLOMINVEST. These include assets in the banking sector, in small businesses as well as in sectors such as print and jewelry. There are no Lebanese investments in large Egyptian industries, he said. “A considerable portion of Lebanese assets in Egypt is in investment funds,” he said. These have incurred some losses. On January 27, the last day of trading before the Cairo stock exchange closed down, BLOMINVEST’s, “Pyramid Fund,” a mixed composure fund that was created in June 2010 for non-Egyptians, was trading at $4822, down from $4955 during the previous day, said Alexander Muradian, the Head of Communication and Investors relations at BLOMINVEST. Bank Audi’s investment exposure is considerably less. “We sensed that things were not right and pulled most of our investments out of Egypt about three weeks ago,” said Omar Bakheet, the Head of Asset Management at Bank Audi. “The exposure of our investment there is now less than four percent of our overall portfolio “Arabian Opportunity Fund,” he said.