Cairo – Mubasher: Total foreign inflows into Egypt, including foreign direct investment (FDI), Eurobonds, or remittances from expatriate Egyptians, stood at $120 billion since flotation of the Egyptian pound.
Indirect foreign investment totalled $35 billion over the past period, governor of the Central Bank of Egypt Tarek Amer (CBE) said.
Egypt had lured investments of $25 billion in treasury bills (T-bills) and around $10 billion in the Egyptian Exchange (EGX), he highlighted.
Balance of payment dropped to a deficit of 64%, achieving a surplus of $10 billion in six months due to the strong overseas inflows, Amer indicated.
