April 29, 2018 / 1:06 PM / 3 months ago

Egypt says Kuwait agreed 'in principle' to renew $4 bln in deposits - agency

CAIRO, April 29 (Reuters) - Egypt’s central bank governor said on Sunday Kuwait has agreed “in principle” to renew $4 billion in deposits, state news agency MENA reported.

Arab Gulf countries, including energy-rich Kuwait, have given Egypt billions of dollars in aid since 2013 when the army ousted Islamist President Mohamed Mursi following mass protests against his rule.

Reporting by Aly Abdelatty; writing by Arwa Gaballa; editing by Jason Neely

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