Emirati bank investments in Egypt stand at AED 43.4 bn at end of 1Q2019

INVESTMENT WATCH- UAE banks invested USD 11.8 bn in Egypt in 1Q2019: Investments by Emirati banks in Egypt reached AED 43.4 bn (USD 11.8 bn) at the end of 1Q2019,according to UAE Central Bank data, Emirates News Agency (WAM) reports. Investments in Egypt by UAE banks grew AED 11.7 bn (USD 3.1 bn) over 1Q2018 — the highest annual increase in investment by Emirati banks in any country, according to WAM. The other countries to see substantial annual increases are Saudi Arabia, with an increase of USD 3.04 bn to USD 12.7 bn and the UK, with an increase of USD 2.06 bn to reach USD 16.6 bn.