Foreign currency inflows hit $324M in one day: Banking official

Mon, 26 Oct 2020 - 10:01 GMT

The official cited a remarkable and steady increase in foreign investments thanks to boosted investor confidence in the country's economy.

Egypt tops host economies in Africa with $6.8B inflows: UNCTAD

Tue, 02 Jul 2019 - 11:18 GMT

“Egypt remained the largest FDI recipient in Africa in 2018, although inflows decreased by 8 percent to $6.8 billion,” UNCTAD stated in a report.

Business News Wrap-up

Mon, 14 May 2018 - 05:10 GMT

A wrap-up of the most prominent business news of the day.

Foreign currency inflows to banks reach $77B

Sun, 22 Apr 2018 - 10:15 GMT

The central bank announced earlier that Egypt’s foreign reserves had increased by $100 million by the end of March 2018.

Sudan banks receive first foreign currency transfers as sanctions end

Wed, 11 Oct 2017 - 03:06 GMT

Sudan has for the first time in 20 years begun receiving foreign currency inflows,after the U.S. government lifted decades-old trade sanctions on the country.