|17 December, 2019

Egypt draws $490mln foreign investments in 1 day: CBE official

The robust demand was ascribed to the positive impact of the US-Sino partial trade deal.

A trader works at the Egyptian stock exchange in Cairo, Egypt, . REUTERS/Mohamed Abd El Ghany

A trader works at the Egyptian stock exchange in Cairo, Egypt, . REUTERS/Mohamed Abd El Ghany

REUTERS/Mohamed Abd El Ghany

Cairo – Mubasher: Egypt attracted investments worth $490 million from international investment funds in just one day, a source at the Central Bank of Egypt (CBE) told the Middle East News Agency (MENA).

The robust demand was ascribed to the positive impact of the US-Sino partial trade deal.

The source expects further inflows into the Egyptian market in the coming period on the back of the successful economic reform programme hailed by all international institutions.

On Monday, Egypt sold T-bills worth EGP 4.55 billion ($281.75 million).

Source: Mubasher

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