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Egypt current account deficit falls to $5.58bn

Cairo, September 24, 2013

Egypt's current account deficit narrowed to $5.58 billion in the fiscal year to end-June from $10.15 billion in the year to end-June 2012, the central bank said on Tuesday.

Foreign direct investment into Egypt fell to $3.00 billion from $3.98 billion a year earlier, the bank said in a balance of payments statement posted on its website. – Reuters




Tags: Egypt | foreign investment | fiscal deficit | Current Account |

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