Egypt foreign investments hit 1.6bn
Cairo - MENA
Net foreign direct investments inflows grew by 51.5 percent in the fourth quarter of the 2012-13 fiscal year, the Central Bank of Egypt (CBE) said Thursday. In a report, the CBE added that the inflows rose by 553,9 million dollars to reach 1,628 billion dollars, compared to 1,074 billion dollars in the previous quarter. However, the latest data showed the net FDI inflows receded by 1,187 billion dollars in the same period of 2011/12, which hit 2,816 billion dollars. The EU led in the foreign investments inflows in the fourth quarter.
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