Egypt achieves record primary budget surplus of EGP 629bn despite sharp fall in Suez Canal revenues    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Resumption of production at El Nasr marks strategic step towards localising automotive industry: El-Shimy    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year    After Putin summit, Trump says peace deal is best way to end Ukraine war    Jordan condemns Israeli PM remarks on 'Greater Israel'    Egypt's Supreme Energy Council reviews power supply plans for 14 industrial projects    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egyptian pound closes high vs. USD on Tuesday – CBE    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Exits of foreign investments decrease by 12% in Q1 of 2015
European Union investments in Egypt in Q1 of 2015 reached $2.03bn, compared to $1.6bn in Q1 2014
Rana Yehia Published in Daily News Egypt on 07 - 07 - 2015

Foreign investment exits from Egypt have slowed during the first quarter (Q1) of 2015, the Central Bank of Egypt (CBE) announced on Monday. The exiting rate has declined by 12% and foreign investments during Q1 of 2015 reached $1.53bn, compared to $1.74bn in Q1 of 2014.
The CBE's monthly report, issued Monday, showed that foreign investments coming to Egypt during Q1 of 2015 marked a record increase of 207%, reaching $2.94bn. This compared to the previous quarter, Q4 of 2014, and an increase of 190% compared to Q1 2014.
This increase is due to the steady increase of British and Arab investments, especially from the UAE, according to the report.
The report further noted that European Union (EU) investments in Egypt over Q1 of 2015 have reached $2.03bn, compared to $1.6bn in Q1 of 2014. Of this amount, British investments account for $1.68bn, and $59.7m were German investments. However, French, Italian, Dutch and Belgium investments have marked relative decreases.
Investments from the US have also decreased, to reach $508.6m during Q1 of 2015 compared to $536.6m over the same period last year.
In Q1 of 2015, the Arab investments have jumped to reach $1.34bn, compared to $386.8m in Q1 of 2014. This increase is due to the steady increase of UAE's investments that have reached $843.5m compared to $148.3m during Q1 2014, the report added.
Kuwaiti investments have also increased to reach $50.1m over Q1 2015, compared to $21.1m during Q1 2014. In addition, Qatari investments have increased to $35.4m compared to $23.5m in the same comparison period, according to the CBE.
Meanwhile, Saudi investments reached $351.1m in Q1 of 2015, compared to $124.6m in the same period last year.
Furthermore, the report showed that Egypt's total domestic debt amounted to around EGP 2.016tn by the end of last March, compared to EGP 1.924tn by the end of December 2014, with an increase of EGP 91.7bn.

Clic here to read the story from its source.