Egypt posts 25% drop in FDI

: Sunday, February 02 - 2014 @ 00:31

Egypt’s central bank has said the country’s net Foreign Direct Investment (FDI) dropped 25% in the first quarter of the fiscal year 2013/14, compared with the fourth quarter of the previous fiscal year, Ahram has reported. The quarter, which ended in September 2013, saw a net FDI of $1.2bn, comprised of some $2.3bn in inflows and $1.1bn in outflows. The US, EU and Arab countries were among the main sources of FDI, with investments worth $562m, $1.4bn and $189.5m, respectively, the data showed.

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Sunday, February 2- 2014 @ 0:31 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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