The Kuwait Investment Authority’s private equity arm plans to invest EGP 1 bn in Egypt and reportedly has appetite for industries including pharma, food and food products, a source tells Al Mal. The investments are part of a bigger package from the Kuwaiti government.

The Central Bank of Egypt is looking to make it easier for Egyptian banks to finance trade with Somalia, and the Ministry of Trade and Industry will send a delegation there next month to “discuss cooperation opportunities.”

Sudan’s journalists union called for the deportation of Egyptian reporters after Egypt denied entry to two Sudanese journalists, Egypt Independent reports. It also called for a ban on Egyptian publications and broadcasters in the country.

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