Current account surplus in 4Q as imports fall, tourism revenues rise
Egypt generated record revenues from tourism and the Suez Canal during the fiscal year
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Egypt generated record revenues from tourism and the Suez Canal during the fiscal year
Current account deficit reaches USD 3.5 bn
Delayed IMF program, high debt levels, twin deficits and rising net foreign liabilities weighing on nation’s finances
Further currency weakness likely to impact debt sustainability, analysts say
Thank import curbs, which narrowed the country’s trade deficit to 12-year lows
Remittances rise 13.6% in 1Q2019-2020: Remittances from Egyptians living abroad rose to USD 6.7 bn in 1Q2019-2020, up 13.6% y-o-y…
We may be close to finishing the IMF program, but our trade balance isn’t looking much better: Egypt’s current account…
Welcome back, ladies and gentlemen — it’s a busy start to what’s likely to be a busy week. We have…
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