Egypt is reporting a deficit in their accounts following a 3-month surplus from July to September that was created by the millions in aid from Gulf nations after Egypt's former president, Mohammed Morsi, was overthrown. Egypt recorded a deficit of $755.8 million in the six months ending in December. The account recorded a surplus of $757 million in the months of July to September. Poor tourism rates and a trade deficit have contributed to the money hemorrhage in the country. While Gulf states sent billions in aid, the United States reviewed and cut what aid they were giving after Morsi was overthrown, which the U.S. considered an unlawful coup.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor