oil export revenues

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

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

    Thursday, 31st March 2016
    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 Central Bank of Egypt (CBE) informed.