Last updated: November 22, 2017

Egypt’s current account deficit rises to $18.7 billion in FY 2015-16

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Egypt’s current account deficit rose to $ 18.7 billion for the 2015-16 fiscal year that ended in June, from $ 12.1 billion last year, central bank data showed.   Egypt’s economy is struggling to recover after a mass uprising in 2011 that drove away tourists and foreign investors and created a shortage of foreign currency that has […]

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