Foreign investment in Egyptian securities rises to $18.8 bln in Oct

CAIRO - 2 November 2017:Foreign investment in Egyptian securities rose to $18.8 billion in October, a year after the central bank floated the pound currency, a Finance Ministry official told Reuters on Thursday.

Egypt floated its pound currency on Nov. 3 last year and the central bank has since hiked key interest rates by 700 basis points, driving up foreign appetite for domestic debt.