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Egypt's H1 2016-17 current account deficit widens to $9.65 bln -cbank

Wednesday 08-03-2017 03:50 PM

Central Bank of Egypt (CBE) - Archive

By Reuters

Egypt's current account deficit widened to $9.65 billion in the first half of the 2016/17 fiscal year from about $9.38 billion a year earlier, the central bank said on Wednesday.

The overall balance of payments registered a surplus of $7 billion against a deficit of $3.4 billion.

Suez Canal revenues declined 5 percent to $2.5 billion, while net foreign direct investment rose to $4.3 billion from $3.1 billion.

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