FDI in the first half (H1) FY 16/17 registered at $4.3bn, according to the Central Bank of Egypt (CBE) data. The full year FDI would exceed the previous year’s level, being the highest since the 25 January Revolution. On the other hand, headline inflation slowed from 31.5% in April to 29.7% in May. While monthly inflation stabilised, registered at 1.66% in May, marking its lowest level since the monetary and fiscal shocks in November 2016. Monthly inflation had peaked at 4.9% in November as a result of the currency flotation and the increase in energy prices.

Source: Daily News Egypt June 10, 2017 14:37 UTC