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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Significant increase in foreign investment in Egypt due to oil

    Rocky
    Rocky
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     Significant increase in foreign investment in Egypt due to oil Empty Significant increase in foreign investment in Egypt due to oil

    Post by Rocky Tue 12 Sep 2017, 3:44 am

    [size=30]Significant increase in foreign investment in Egypt due to oil[/size]
    12/09/2017 11:32 | Number of readings: 1
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     Significant increase in foreign investment in Egypt due to oil Thumbnail.php?file=____________________108722552
    [rtl]Trend Press / Agencies[/rtl]
    [rtl]The Central Bank of Egypt announced that net foreign direct investment rose to $ 7.9 billion in the fiscal year 2016-2017 from $ 6.9 billion, which means foreign investment increased by 14.5 percent.[/rtl]
     
    [rtl]The increase in net foreign direct investment (FDI) was "a major result of the rise in the net flow in the oil sector by about $ 2.3 billion to $ 4 billion compared to $ 1.7 billion in 2015-2016," the central bank said in the statement.[/rtl]
     
    [rtl]In the second half of 2016-2017, Egypt paid about $ 2.2 billion of the foreign oil companies' entitlements in the country, which prompted them to increase investments and accelerate the development of the Italian company Enzo's field. Production starts at about one billion cubic feet of gas per day End of 2017.[/rtl]


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