ICEC

Gulf investment inflows to Egypt hit three-year low in Q3-FY17

Gulf investment inflows to Egypt fell to $300.8 billion in the third quarter of financial year 2016/2017, their lowest level since June 2014, a recent report by the Egyptian central bank showed.

The inflows had before hit their lowest levels in the past three years, as they stood at $280 million during the fourth quarter of the financial year 2013/2014.

UAE took the lead on investment inflows to Egypt among Gulf countries, with investments totalling $161.1 million throughout the third quarter of financial year 2016/2017.

Saudi Arabia came in second place, with investment flows worth $37.7 million.

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