Egypt FDI slips 16 pct as oil investment dips

Reuters
0 Min Read

Foreign direct investment in Egypt fell 16 percent for the fiscal year 2009/10, pulled lower by slowing inflows to the oil and gas sector, the Investment Ministry said on Monday.

Foreign investment in the twelve months to the end of June was $6.8 billion, down from $8.1 billion in the same period a year earlier, the ministry said in a statement.

 

 

Share This Article
Follow:
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms.