File Photo: CBE building. AP
The figure is down from the $168.034 billion recorded in the fourth quarter of 2023.
This represents the lowest level in 18 months.
Additionally, the country’s net international reserves reached $46.125 billion at the end of May, the CBE’s data showed.
In February, Egypt signed its largest-ever FDI deal with the UAE’s ADQ (worth $35 billion) to develop the coastal Ras El-Hekma zone.
This project is expected to attract $150 billion in investment.
At the same time, other partners also have committed to finance Egypt, including the World Bank ($6 billion) and the European Union ($8 billion) for three years.
Furthermore, the International Monetary Fund (IMF) has expanded its loan deal with the country from $3 billion to $8 billion through 2026.
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