CBE Announces Balance of Payments for H1 2019/20

• Tuesday, 31st March 2020
• by Editorial Team

Egypt’s balance of payments ran an overall surplus of $410.9 million in H1 2019/20 compared to an overall deficit of $1.8 billion in the same period in FY 2018/19, according to the Central Bank of Egypt (CBE). Despite...

Egypt’s Balance of Payments Deficit Increased to $3.4b

• Thursday, 31st March 2016
• by Egypt Oil & Gas

Egypt’s balance of payments (BOP) deficit jumped 240% in the first half of the 2015/2016 fiscal year to reach $3.4b, up from $1b last year, due to falling tourism receipts, Suez Canal revenues, and transfers, the Cent...

Oil Prices, New Investments Expected to Ameliorate Egypt Deficit

• Sunday, 29th March 2015
• by Egypt Oil & Gas

EGYPT’S balance of payments deficit in the first half of fiscal year 2014-2015 increased to $1.9 billion, 150% higher than its level in the corresponding period the previous year. Reflecting Egypt’s transactions with ...