Egypt may receive an additional $6bn from Gulf countries: Dcode
Economic and financial consulting firm Dcode estimates that Egypt will receive additional $5.5bn-$6bn during the 2014 calendar year
Latest in Tag: surplus Highlight
Latest in Tag: surplus
Buoyed by Gulf aid, Egypt current account hits surplus
Reuters – Egypt’s current account recorded a surplus in the first quarter of the financial year, boosted by billions of dollars in aid from Gulf Arab states after the army ousted Islamist President Mohamed Morsi in July. The current account ran a surplus of $757 million between July and September, driven by a massive increase in official transfers, according to …
Egypt current account hits surplus in first quarter
Reuters – Egypt’s current account recorded a surplus of $757 million between July and September, compared with a deficit of $1.26 billion in the same period last year, the central bank said on Thursday. Foreign direct investment in Egypt rose to $1.246 billion in the same period compared with $1.164 billion a year earlier.