Cairo - Mubasher: The Central Bank of Egypt (CBE) said that foreign direct investment (FDI) in Egypt declined by 15.7% year-on-year in the first quarter of fiscal year 2017/2018.
FDI in Egypt registered $1.6 billion for the three-month period that ended on 30 September 2017, compared to $1.9 billion for the same period in the year before.
The statement noted that foreign direct investments mainly originated from the increase in net investments in the oil sector by around 84.2%.
FDI achieved inflows totalling $3 billion, while outflows stood at $1.4 billion.
