C. Bank Says Net Inflow of FDI Up US$2.8 in 3 Months

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The latest reports of the Central Bank of Egypt (CBE) showed that the Foreign direct investments (FDI) in Egypt realized a net inflow of nearly US$2.8 billion during the period from July to December 2013 compared to  US$2.5 billion in 2012.

CBE said this rising is due to inching of received inflow investments for establishing firms or increasing capitals to attain US$1.053 billion against US$979.6 million.

The net inflow investments of the petroleum sector yield to US$1.7 billion at the last quarter of 2013, compared to US$1.5 billion in the previous year of 2012.