Pre-Trading Thoughts

Foreign holdings of public debt have returned to their pre-December levels, reaching approximately USD38 billion, the rise in demand from foreign investors is attributed to declining inflation figures coupled with expectations of an interest rate cut from the CBE in April. Kuwait is looking to increase its investments in Egypt to USD5.3 billion by the end of the year, equal to a 20% jump in the GCC nation’s investments in Egypt. Kuwaiti officials informed Prime Minister Madbouly of the renewa...