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FINANCIAL NEWS
Egyptian local investments decline 18.1% in Q1
24 Jan 2012
(MENAFN) Domestic investments implemented in Egypt declined by 18.1 percent to USD7.6 billion in the first quarter of fiscal year 2011/2012compared to the same period a year earlier, KUNA reported.
Egyptian Central Bank said in its report that the private sector contributed 67.8 percent of the total, public sector contributed 18.1 percent, 10.9 percent by the public companies while the economic institutions’ share was 3.2 percent.
The report also showed that the domestic liquidity volume grew by USD3.5 billion to USD168.7 billion in the first quarter, lifting the nation’s money supply by USD1.8 billion.
On the other hand, net foreign currencies assets fell by USD5.2 billion in the first quarter.
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