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FINANCIAL NEWS
Egypt current account deficit reaches $802m in Q3
01 Dec 2010
(MENAFN) The Central Bank of Egypt said that the country’s current account deficit widened in the July-Sept quarter as imports grew faster than exports and payments to overseas investors increased, Reuters reported.
The current account deficit widened to $802.2 million in the July-Sept quarter from $493.4 million in the same quarter a year earlier, the central bank said.
Revenue from tourism climbed 13 percent year-on-year to $3.7 billion and Suez Canal income rose 13 percent to $1.3 billion. Imports grew 9.3 percent to $12.73 billion while exports climbed 13 percent to $6.1 billion.
Foreign direct investment (FDI) during the quarter fell to $1.60 billion from $1.73 billion, the central bank said.
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BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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