- The Central Bank of Egypt revealed that net foreign investment in the local market reached about $18.2 billion during the first quarter of 2024.
- The Central Bank said in its balance of payments report that foreign direct investment achieved a net inflow of $23.7 billion during the first 9 months of 2023/2024, compared to about $7.9 billion during the same period of the previous fiscal year.
- The Central Bank attributed the increase in net investments to inflows during the first quarter of 2024 as part of the implementation of the $15 billion Ras Al-Hikma deal.
- The Egyptian economy's transactions with the outside world during the first 9 months of fiscal year 2023/2024 resulted in an overall surplus in the balance of payments of about $4.1 billion.
- The Central Bank said that the first quarter of 2024 witnessed the achievement of a total surplus of $4.5 billion as a result of the reform measures taken on March 6, 2024.
