Egypt’s net FDI rises 3.4% in Q3-FY2018/19: c.bank

Egypt’s net foreign direct investment (FDI) rose by 3.4 percent to around $1.8 billion in the third quarter of the 2018/2019 financial year, the central bank said on Tuesday.

The third-quarter FDI was up from 1.74 billion in the previous quarter.

Egypt’s economy has been struggling to lure back foreign investors and tourists since the 2011 uprising drove them away. In late 2016, Egypt signed a three-year $12 billion loan agreement the International Monetary Fund (IMF), which included a set of economic reforms and austerity measures.

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