Kuwait
Originally due in April 2024, the deposit will now mature in April 2025.
The Prime Minister highlighted plans to soon organize the Egyptian-Kuwaiti Businessmen Forum, aimed at fostering deeper cooperation between the business communities of both nations.
Egypt’s Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty met on Sunday with representatives of Kuwaiti and foreign media outlets during his visit to Kuwait.
It also aims for cooperating on projects in Africa.
The message was received by the Crown Prince.
The minister also presented the steps and measures taken by the Egyptian government to improve the investment climate and eliminate obstacles that face investors.
Minister of Foreign Affairs and Immigration Badr Abdelatty began his visit to Kuwait Sunday by meeting Crown Prince Sheikh Sobah Khaled Al-Hamd Al-Mubarak Al Sobah.
Egyptian Finance Minister Ahmed Kojok stressed that Egypt and Kuwait have a long history of joint economic relations and have promising prospects based on strong foundations.
Foreign Minister Badr Abdelatty expressed Egypt's keenness on consolidating collaboration with Kuwait, and support to the achievements of its Vision 2035 goals.
The meeting tackled steps taken to bolster bilateral cooperation.
Egypt extended its sincere condolences to the government and people of Kuwait over the victims of an apartment building fire in Mangaf area in Kuwait's southern Ahmadi Governorate.
Egypt’s President Abdel Fattah al Sisi and Kuwaiti Emir Sheikh Mishal al Ahmad al Jaber al Sabah affirmed their categorical rejection to attempts to liquidate the Palestinian issue and Israel's continuation of its military operations, including the possibility of their extension to the Palestinian city of Rafah.
The value of Kuwaiti investments in Egypt hit $15 billion, while that of Egyptian investments amounted to $1.1 billion.
Kuwaiti Emir Sheikh Mishal Al Ahmad Al Jaber Al Sabah will start an official visit to Cairo on Tuesday.
This evaluation is in preparation for one of the banks to acquire it, with preference given to the bank offering the higher price.
Al-Kharafi stressed the keenness and seriousness in searching for available investment opportunities in Egypt, as he offered to enter into some of the opportunities available within the Egyptian initial public offering (IPO) program
The Sheikh of Al-Azhar extended his sincere condolences and sincere sympathy to the Kuwaiti people and to the family of the deceased Emir, praying to the Almighty Allah to bless the deceased.
Egypt mourned Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, Emir of the sisterly State of Kuwait, who passed away on Saturday.
Kuwait's Emir Sheikh Nawaf al-Ahmad al-Jaber al-Sabah died on Sunday, December 16, 2023, at the age of 86, the royal court announced.
To close a projected financing gap of around $17 billion by 2026, Egypt is looking to attract fresh foreign currency, including a target of $6-8 billion by the end of FY2023/2024.
