Egypt’s net foreign assets deficit fell to LE 65B in March, CBE

Sun, 21 Apr 2024 - 04:56 GMT

The Central Bank of Egypt revealed a substantial reduction in the net foreign assets (NFAs) deficit in March, marking its lowest level in over two years

Egypt’s NFAs records LE 678.988B in February | CBE

Tue, 02 Apr 2024 - 02:11 GMT

This decline was primarily driven by a $5 billion payment received from the sale of development rights to Ras El Hekma.