Balance of Payments

Egypt transforms FY2021/2022 deficit into surplus of $882M in FY2022/2023, CBE

Sun, 08 Oct 2023 - 04:39 GMT

Egypt's tourism sector also reported strong growth, with revenues increasing by an impressive 26.8 percent on a yearly basis in FY2022/2023, soaring to $13.6 billion

Egypt achieves balance of payments surplus of $1.8B within 9 months

Wed, 30 Jun 2021 - 03:08 GMT

CBE confirmed in the balance of payments report issued, Tuesday, that the period from July to March of the fiscal year 2020/2021 witnessed an improvement in the performance of the Egyptian economy’s transactions with the outside world.

Balance of payments deficit down to $351.2m in 9 months

Thu, 04 Jul 2019 - 01:36 GMT

The current account during the period from July to March of FY 2018-19 posted a deficit of $7.6 billion

Egypt’s balance of payments shows positive results

Thu, 11 Apr 2019 - 09:53 GMT

The Central Bank of Egypt announced the data of balance of payments, revealing positive results, including the increase in the export of goods.

Egypt’s BOP achieves surplus of $284.1M in 3 months

Sun, 13 Jan 2019 - 12:32 GMT

CBE attributed the surplus to the current account deficit which stabilized at $1.8 billion and the capital and financial account that stood at $1.6 billion.

Business news wrap-up

Sun, 10 Dec 2017 - 05:31 GMT

A wrap-up for the most prominent business news of the day.

Remittances, BOP surplus keep rising after flotation

Sun, 10 Dec 2017 - 02:09 GMT

The flotation has succeeded in attracting Egyptian expatriates into transferring their cash back through the banking system.

BOP records $13.7B in surplus in FY 2016/17: CBE

Mon, 30 Oct 2017 - 11:10 GMT

Non-petroleum exports hiked 15.9 percent year-on-year in that period to stand at $21.7 billion.

Merchandise trade deficit keeps narrowing to $8.4B in Q4: Pharos

Wed, 13 Sep 2017 - 10:18 GMT

The non-oil trade deficit fell to $7.3 billion in Q4 from $7.8 billion in the previous quarter, as the non-oil imports decreased to $11.1 billion from $11.6 billion in Q3.

Egypt’s FDI records $13.3B in FY 2016/17: CBE

Tue, 12 Sep 2017 - 09:41 GMT

Egypt’s net foreign direct investments (FDI) have increased to $13.3 billion in the last fiscal year (FY) 2016/2017, with a 6.5 percent increase.

BOP marks $11B in surplus in 9 months: Central bank

Wed, 14 Jun 2017 - 05:15 GMT

Egypt’s balance of payments (BOP) registered a surplus $11 billion in first three quarters of the current fiscal year, the central bank said Wednesday.

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