Egypt reports positive economic indicators for 2005
The Egyptian Minister of Investment has announced that the country's FDI had reached US$ 2.6 billion during 2005, with investment flows in the petroleum sector surging by 11%, while investment in the non petroleum sector increased 5 folds from $249 million to $1.65 billion compared to 2004.
Meanwhile, the Central Bank of Egypt (CBE) announced that Egypt's foreign reserves have reached US$ 21.89 billion at the end of December 2005, versus US$ 21.21 billion in November 2005 and US$ 15.4 billion in December 2004.
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