Egypt's non-oil imports fell sharply in the second quarter, but tourism receipts and worker remittances together fell by even more, causing the country's current account deficit to widen, according to central bank figures released on T
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 bi
Qatar's current account surplus has widened to QR226.9 billion ($62.3 billion) in 2012, or 32.4 per cent of gross domestic product, the central bank's preliminary data showed, beating analysts' expectations.
The Indian rupee slumped to a record low against the dollar on Wednesday as risk aversion in global markets added pressure on a currency already under fire from the country's current account and fiscal deficits.
Kuwait's current account surplus surged 78 percent in 2011 mainly thanks to a jump in exports, the country's central bank said on Wednesday.
The current account of one of the world's top oil exporters booked a surplus of 19.53 billi
The National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, has launched a premier current account that offers customers a unique blend of financial and non-financial benefits and privileges.
The NBAD One account, which comes with no
The United Arab Emirates' current account surplus jumped by 43 percent to Dh41.3 billion ($11.2 billion) in 2010 from the previous year.
The increase is mainly due to higher oil prices, preliminary central bank data showed on Sunday.
The United Arab Emirates current account surplus fell 65 percent to Dh28.82 billion ($7.85 billion) in 2009 from the previous year, mainly due to lower oil prices.
The surplus was Dh81.82 in 2008, central bank data showed.