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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
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
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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