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FINANCIAL NEWS
Egypt’s trade deficit falls 16 percent to USD2.6bn
20 Jul 2016
(MENAFN) The deficit in Egypt’s trade balance dropped by 26 percent in April this year to USD2.6bn, compared with USD3.62bn in the same month last year.
Accordingly, the volume of Egypt’s foreign trade declined in April 2016 to USD6.41bn, against USD6.8bn a year earlier.
However, State’s exports volume increased by 14.1 percent, which reached USD1.86bn this year, compared to USD1.62bn in 2015.
The increase was due to the hike in exports value of some products; like oil products at 1.4 percent, fresh orange at 29.4 percent and fertilizers at 524.8 percent.
More News
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
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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