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FINANCIAL NEWS
Egypt’s fiscal position remains unsteady
12 Jul 2016
(MENAFN) Egypt’s external payments position remains unstable, due to external vulnerability and remaining structural weakness.
Moreover, the recent deficit reached USD14.5bn, up from USD8.3bn of last year, 6.7 percent and 5.3 percent of GDP respectively.
However, oil exports declined to USD1.1bn as of March 2016 from USD3.6bn in Dec 2013, while oil imports fell to USD1.6bn from USD3.1bn during the same period.
In addition, payments from abroad also dropped, as the total level of cash transfers from abroad stood at USD61mn during the first three quarters of 2016
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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