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30.3% decrease in January trade balance

Exports increased by 1.4 % to reach $2.48bn in January 2020, compared to $2.45bn for the same month of the previous year. This is due to the decreased value of some commodities such as crude oil by 102.6%, fertiliser by 7.3%, and various food preparations by 18.1%, among other items.

Daily News Egypt

CBE reports EGP 11.3billion balance of payment deficit

The Central Bank of Egypt (CBE) announced Monday that Egypt’s balance of payment totalled USD eight billion during the 2011/2012 fiscal year, compared to a surplus of $571.2 million in the previous fiscal year. The decline was attributed to reduced tourism profits and the current political atmosphere in Egypt and the region. CBE reported that …

Islam Serour

Morsy’s “balanced” foreign policy

By Alya Essam As Mohamed Morsy commences his three-day trip to China, which will be followed by a five-hour visit to Tehran, the president comes to introduce himself to world wide leaders, striving to hint at new approaches with countries that Mubarak had cut back relations with. “International relations between all states are open and …

Daily News Egypt

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