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FINANCIAL NEWS
Egypt’s non-oil sector decline continues in June
14 Jul 2016
(MENAFN) The downturn in Egypt’s non-oil private sector emphasized signs for being declined amid mid-2016.
However, business conditions worsened for the ninth consecutive month, driven by declines in output and new orders, as well as underemployment.
Accordingly, the Egyptian economy continued to drop at the end of financial year 2015/2016, with the tourism sector appearing especially weak.
In addition, Q2 average of 47.3 points was higher than those seen in Q1 2016, which posted 46.9, compared to Q4 2015 that recorded 46.8.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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