Egypt’s current account deficit widens to $7.6 billion

Egypt’s current account deficit widened to $7.6 billion in the first nine months of the 2018/19 fiscal year from $5.47 billion a year earlier. (File photo: AFP)

Egypt’s current account deficit widened to $7.6 billion in the first nine months of the 2018/19 fiscal year from $5.47 billion a year earlier, the central bank said on Thursday.

Egypt’s net foreign direct investments narrowed in the same period, July 2018 to March 2019, to $4.6 billion from $6.02 billion in the same period a year before, central bank data showed.

The overall balance of payments was $351.2 million.

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Last Update: Wednesday, 20 May 2020 KSA 09:59 - GMT 06:59
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