Arab investments flood Egypt, offering economic lifeline ...Egypt

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Arab investments flood Egypt, offering economic lifeline
The Central Bank of Egypt (CBE) revealed that Egypt had attracted a net inflow of Arab investments totaling $18.55 billion over the initial nine months of the last fiscal year. It released data indicating a dramatic increase in Arab investments flowing into Egypt during the third quarter of the 2023/2024 fiscal year, reaching a substantial $16.09 billion, the RT Arabic website reported. This figure stands in stark contrast to the $2.46 billion received in the first half of the same year. The United Arab Emirates emerged as the leading source of Arab investments, contributing a net inflow of approximately $15.54 billion during the third quarter. This surge in investment can be attributed in p

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