Egypt has recorded its highest levels of foreign reserves in its history at the end of October 2017, Invest-Gate reports.

Net foreign reserves reached USD 36.703 bn at the end of October 2017, up from USD 36.535 bn at the end of last month, the Central Bank of Egypt (CBE) said in a statement on November 5.

The CBE recently announced that net foreign direct investment (FDI) went up 14.5% to USD 7.9 bn in FY2016/17, which ended on June 30.