The Central Bank of Egypt revealed that net foreign direct investment in Egypt rose to $ 7.9 billion, resulting in a net inflow of $ 8.1 billion, during the first nine months of the current fiscal year.
According to the Central Bank of Egypt, the Egyptian balance of payments achieved a surplus of $ 281.9 million during the first nine months of the current fiscal year, as a result of the decline in the current account deficit by about 61%. The transactions of the Egyptian economy with the outside world during the period from July 2022 to March 2023 also witnessed a significant improvement in the current account deficit by 61.2 percent, to be limited to about $ 5.3 billion compared to $ 13.6 billion during the same period last fiscal year.
Source (Al-Asharq Al-Awsat Newspaper, Edited)
