CAIRO: Foreign investments have not been affected by the recent developments in the country, said Head of the Public Authority of Investment Osama Saleh, adding that investments reached 49 billion EGP (U.S. $8.21 billion) in the last five years. Local investments are the main support for Egypt's economy, he continued, and foreign investments represent only 12 percent of the new companies. The Nile Bourse will adopt a new system on November 13 allowing investors the opportunity to deal with shares recorded in the Bourse through a daily session, said Mohamed Omran, the chairman of the Egyptian Stock Exchange. And investing fund will be established to support the medium and small projects with one billion EGP (U.S. $167.52 million) before the year is out.
