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