Egypt’s net foreign assets deficit recorded unprecedented decline of $17.8B in March, CBE

Wed, 01 May 2024 - 01:07 GMT

The deficit continues to decline due to increased inflows of remittances and foreign portfolio investments, including the second payment of the Ras El Hikma deal in early March.

Egypt’s NFAs records LE 678.988B in February | CBE

Tue, 02 Apr 2024 - 02:11 GMT

This decline was primarily driven by a $5 billion payment received from the sale of development rights to Ras El Hekma.

Egypt’s net foreign assets stand at LE 841B at end of 2023: CBE

Sun, 04 Feb 2024 - 02:38 GMT

The net foreign assets deficit rose to $27.2 billion in December 2023, a slight uptick from November’s $27 billion, according to the latest CBE data

Egypt’s banking net foreign assets hit $14.35B by end of February

Mon, 01 Apr 2019 - 03:12 GMT

Surplus of net foreign assets of the banking sector recorded an increase of $6.037 billion during February.