A report released by the International Oxford Economic Group indicated that the government success in attracting foreign investments due to measures it has adopted to develop economic performance.

Direct foreign investments surged to $1.2 billion in 2005 compared to $400 million in 2004, the report said. The report, reviewed by Prime Minister Ahmed Nazif on Tuesday said the image of the Egyptian economy was not negatively affected by declines seen in the Egyptian stock exchange.

 The great increase in foreign direct investments made economists optimistic about the country's economic future, the report noted.

7/6/2006