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Egypt’s current account deficit widens to $802 mln

The balance of payments registered a surplus of 14.7 million versus a surplus of $2.05 billion in July-Sept 2009.

November 30, 2010 3:48 by



Egypt’s current account deficit widened to $802.2 million in the July-Sept quarter from a deficit of $493.4 million in the same quarter a year earlier, the central bank said on Tuesday.

The balance of payments registered a surplus of 14.7 million versus a surplus of $2.05 billion in July-Sept 2009. Direct foreign investment during the quarter fell to $1.60 billion from $1.73 billion.

(Reporting by Patrick Werr; Editing by Ruth Pitchford)



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