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Egypt draws $324m foreign cash inflows in one day – Official

Egypt draws $324m foreign cash inflows in one day – Official
Foreign investments in treasury bills and bonds jumped to $21.1 billion

Cairo – Mubasher: Egypt attracted foreign cash inflows worth $324 million on Sunday, a banking source told the Middle East News Agency (MENA).

Foreign investments in Egypt have been remarkably increasing, surpassing all other emerging markets, thanks to the growing investor confidence in the Egyptian market, the source noted.

Earlier, the Ministry of Finance announced that foreign investments in treasury bills and bonds jumped to $21.1 billion as of mid-October, compared to $10.4 billion in May.