Egypt receives $324m foreign cash inflows in one day – Official

Egypt attracted foreign cash inflows worth $324 million on Sunday, according to a banking source.

Foreign investments in Egypt have seen a remarkable increase of late, surpassing all other emerging markets, thanks to the growing investor confidence in the Egyptian market, the source noted.

Earlier, the Ministry of Finance announced that foreign investments in treasury bills and bonds jumped to $21.1 billion as of mid-October, compared to $10.4 billion in May.