The Central Bank of Egypt (CBE) is expected to start cutting interest rates during its next meeting in April, due to the 12.8% drop in inflation registered in February.

The National Bank of Kuwait’s (NBK) Economic Research Department expects Egypt’s foreign exchange (FX) reserves to reach $45-46 billion by the end of May after receiving the second tranche of the Ras El-Hekma deal.

Oriental Weavers Carpets’ (ORWE) board of directors has decided to sell the firm’s 0.7% stake in Al Ahli Bank of Kuwait (ABK) - Egypt.

The Egyptian Electricity Holding Company (EEHC) has borrowed EGP 10 billion from the National Bank of Kuwait - Egypt (NBK Egypt) to carry out power grids' maintenance.

B Investments Holding’s (BINV) board has approved signing an EGP 150 million loan agreement with the National Bank of Kuwait (NBK).

The NBK said that the country has been under pressure so far this year since economic reforms have paused months after the International Monetary Fund (IMF) approved the $3 billion financing deal in December 2022.