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$6.6bn net foreign direct investments during first 9 months of FY 2017/2018 - Daily News Egypt

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$6.6bn net foreign direct investments during first 9 months of FY 2017/2018

Foreign investments worth $10.8bn were injected into Egypt, $4.2bn outflow


The Central Bank of Egypt (CBE) said that net foreign direct investments have increased to $6.6bn starting from July 1 until March 2017, compared to $5.9bn during the same period of the last fiscal year, with an 11.5% increase.

The CBE added in a report on Wednesday that the increase is a main result of the total net flow of investments into the country in the petroleum sector worth $1.8bn, recording $3.3bn during the first nine months compared to $1.5bn year-on-year (y-o-y).

According to the report, the total inflow of foreign direct investment in Egypt during the period (July-March) 2016 to the same period in 2017 has increased by 12.1%, recording $10.8bn compared to $9.6bn y-o-y.

Total outflow during the first nine months of the current fiscal year recorded $4.2bn compared to $3.7bn y-o-y.

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https://dailyfeed.dailynewsegypt.com/2017/06/15/6-6bn-net-foreign-direct-investments-first-9-months-fy-20172018/
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