The National Bank of Kuwait (NBK) believes Egypt would remain a strategic market for its activities and optimistic over the Egyptian economy’s potential and promise.
NBK CEO Sheikha Al-Bahar told a seminar organized Monday night that amid the tough challenges facing Egypt at present, the bond certificate in US dollar is a wise tool to help citizens and investors support the first Arab economy. Recalling the effects of the political instability on the economy, she stressed there is a shared responsibility to support the Egyptian economy across the Arab world.
Egyptian Ambassador Abdulkerim Suleiman for his part noted that the state of affairs in post-revolution Egypt means the country’s economy’s stability and strength relies on Egyptians themselves, whether at home or abroad, in view of exodus of foreign investment. Purchasing the dollar bond certificate had contributed to increasing remittances by $100 million, the diplomat said, urging his countrymen in Kuwait to buy the bonds.
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