C. Bank: Egypt Net FDI Rise to US$4.1 billion

The Central Bank of Egypt (CBE ) announced that net inflow of foreign direct investment (FDI) increased to US$4.1 billion within the fiscal year of 2013/2014 against US$3.8 billion.

The government is seeking to surge FDI rates to US$10 billion during the fiscal year of 2014/2015, CEB said in statement the increase comes as result of the high of net flow of investment in the oil sector to yield about US$1.6 billion compared to US$1 billion.