Egypt's net foreign reserves rise in March

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Egypt's net foreign reserves rise in March

STORY: Egypt's net foreign reserves rise in March SHOOTING TIME: File footage DATELINE: April 4, 2024 LENGTH: 00:01:06 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the River Nile in Cairo 2. various of the Central Bank of Egypt 3. various of an accountant counting banknotes 4. various of banks in Cairo STORYLINE: Egypt's net foreign reserves rose to 40.361 billion U.S. dollars in March from 35.311 billion U.S. dollars in February, the central bank said on Wednesday. Egypt's net international reserves surged to their highest level in about two years following a lucrative investment deal with the United Arab Emirates. In February, Egyptian and Emirati investors signed a historic deal to build a multi-billion new state-of-the-art city of Ras El Hekma as a new massive urban, business and tourism center in the country's North Coast. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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