CBE: Foreign investment inflows hit EGP 1.38bn during first quarter of 2015/2016

Net foreign direct investments inflows grew by 101 percent in the first quarter of the 2015-2016 fiscal year, the Central Bank of Egypt (CBE) said Tuesday.

In a report, the CBE added that the inflows hit $1.38 billion within the first quarter of 2015/2016, compared to $689.9 million in the fourth quarter of 2014/2015 and $1.32 billion in the first quarter of the same year.

Meanwhile, the UK investments topped the list of total foreign investments, out of $2,93 billion of total foreign direct investment flows during the first quarter of 2015/2016 with $1.39 billion dollars, while Arab investments hit $350 million.