image description
image description
Tell A Friend

FinancialNews


  • 22-02-10

    Egypt's current account deficit falls to $1.28b

    (MENAFN) A report issued by the Central Bank of Egypt (CBE) showed that the country's current account deficit narrowed to $1.28 billion in the six months to the end of December from $2.51 billion a year earlier, Reuters reported. According to the CBE report, Egypt's trade deficit also narrowed to $11.93 billion from $14.63 billion in 2008/09. The fiscal year begins July. Foreign direct investment (FDI) dropped 35 percent to $2.63 billion, while net private transfers, or remittances, fell 16.5 percent to $3.46 billion. Egypt's economy has been hurt by a decline in tourism, Suez Canal revenue and foreign investment since world financial markets almost collapsed in the second half of 2008.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved