Kuwait deposits $2b in Central Bank of Egypt

The Kuwaiti government has deposited $2 billion in the Central Bank of Egypt to support the country's economy, Egypt's ambassador to Kuwait Abdul-Karim Suleiman said on Tuesday.

According to Anadolu news agency, Suleiman told the press: "Kuwait's previous financial pledges to Egypt over the past year, which amounted to $4 billion, have been delivered."

Suleiman added that the Kuwaiti government will invest additional $2 billion in Egypt through the state-run Kuwait Investment Authority.

Egypt is expected to receive an additional $3 billion in deposits from Saudi Arabia and the UAE by the end of April, according to government officials.