Egypt records highest primary surplus in 5m
Egypt achieved a primary surplus of approximately 170 billion Egyptian pounds during the first five months of the…
Browsing Tag
surplus
Japan’s current account surplus hits record ¥29.3t in ’24
Japan's current account surplus hit a record high last year, driven by a weaker yen that increased returns on…
Euro area current account surplus declines in July ’24
The euro area recorded a current account surplus of €40 billion in July 2024, marking a €11 billion decrease from…
EU trade surplus narrows in Q2 ’24
The European Union’s (EU) trade balance for goods recorded a surplus of €40.4 billion in the second quarter of…
Euro area current account surplus rises in June ’24
The euro area recorded a current account surplus of €51 billion in June 2024, up €13 billion from the previous…
Egypt’s balance of payments records $4.1b surplus
Transactions of the Egyptian economy with the external world recorded an increase in the overall BoP surplus to…
Egypt targets 4% GDP growth in FY24/25 budget
Egypt's Finance Minister, Mohamed Maait, unveiled the final key indicators of Egypt’s draft budget for the fiscal…
Egypt posts $281.9 mln balance of payments surplus in 9 months
Egypt’s balance of payments (BoP) achieved an overall surplus of $281.9 million in July-March of the financial year…
Egypt’s balance of payments moves into surplus in H1-FY2022/2023: CBE
Egypt’s balance of payments swung sharply into surplus driven by improvement in current account deficit and surge…
Egypt increases allocations for healthcare, education sectors in new draft budget
Egypt's Finance Minister said the financial year 2020/2021 draft budget includes a package of procedures to secure…
Egypt H1 of FY20 budget deficit 3.8% of GDP – minister
Egypt’s budget deficit in the first half of the financial year was 3.8 percent of gross domestic product (GDP), up…
Egyptian national electricity grid production exceeds 50,000 megawatt
Egypt has achieved a 25 percent surplus of the capacity of electricity while the production exceeded 50,000…
China’s first-half pension surplus exceeds $700 bln – official
China’s state pension fund surplus stood at more than 5 trillion yuan ($726.62 billion) in the first half of 2019,…
Germany tops Japan with world’s largest current account surplus in 2018
Germany’s current account surplus shrank but remained by far the world’s largest last year due to strong exports,…
US crude jumps 3.3% to 2-month high on hopes for US-China trade deal
Oil prices hit a roughly two-month high on Friday, rising with the stock market, on news that China has put forward…
Egypt on track to achieve its financial targets: FinMin
Egypt’s state revenues grew 35.5 percent in the first quarter of this financial year, putting the government on…
Shares in Asia kick off Nov. with mostly positive trade; Softbank dives over 8%
Shares in Asia were mainly higher in the first afternoon of November trading after a roller coaster October rocked…
Egypt, Italy to establish integrated city for marble industry in Galala
Egypt's President Abdel Fattah al-Sisi on Saturday agreed with the CEO of the Italian Pedrini company to establish…
Egypt marks first preliminary budget surplus in 15yrs
Egypt's Finance Minister Mohamed Mait on Thursday said that preliminary indicators of the state's budget for…
Merkel says if services are included, US runs surplus with Europe
The United States runs a large account surplus with Europe if services are included in the total, German Chancellor…
Sisi discusses FY2018/19 budgeting with Egyptian ministers
Egypt's President Abdel Fattah al-Sisi discussed on Saturday the upcoming financial year 018/2019 budgeting with PM…
Egypt to reduce budget deficit by 6.2% in FY2019/20: CBE
Egypt's government is targeting to cut the budget deficit by 6.2 percent of the country’s total gross domestic…
European markets set for a positive open as oil prices climb
European stocks are expected to tick higher on Monday, boosted by a solid session seen out of Asia and crude…
Egypt to provide additional investments for NOPWSD’s plants in FY2017/18
Egypt’s Cabinet has approved Wednesday to provide additional investments of 460 million Egyptian pounds ($26…
Oil prices firm as global stock markets rebound
Oil prices rose on Tuesday, lifted by a rebound in global stock markets that followed sharp falls last week. U.S.…
Central bank of Egypt says balance of payments rise to $5.1 bln
The Central Bank of Egypt (CBE) stated that the total surplus of Egypt’s balance of payments rose to $5.1 billion…
Oil prices fall after IEA casts doubt over demand outlook
Oil prices fell more than 1 percent on Wednesday, continuing Tuesday's slide after the International Energy Agency…
China’s trade surplus with the US narrows in October
China's trade surplus with the U.S. fell to $26.62 billion in October from $28.08 billion in September, the…
Delta Insurance posts 168 million pounds in foreign currency surplus in June
Egypt’s Delta Insurance Company says it has had 168 million Egyptian pounds ($9.5 million) in foreign currency…
Most Asian markets climb despite softer Wall Street close; yuan strengthens
Most Asian shares climbed in early Tuesday trade as markets shrugged off the softer close on Wall Street. Japan's…
Dollar falls to 4-month low vs yen after N.Korea fires missile
The dollar hit a four-month low against the yen on Tuesday after North Korea fired a missile that passed over…
Egypt stock market’s H1 surplus sets record
Egypt’s stock market posted a first half budget surplus worth more than 600 million Egyptian pounds ($33.5…
Suez Canal revenues fall by 4% in nine months: CBE
Receivables from fees paid by ships passing through the Suez Canal have fallen by 4.2 percent in the first nine…
Egypt’s CBE: Tourism revenues retreat by 12.8% in nine months
Tourism revenues decreased by 12.8 percent in the first nine months of the financial year 2016/2017, according to…
CBE: $11bn surplus in Egyptian balance of payments
The Egyptian balance of payments achieved a surplus of $11 billion during the first nine months of fiscal year…
Germany says its current account surplus to shrink coming years
Germany's large current account surplus is the result of the competitiveness of the German economy and the…
Euro licks its wounds after skidding on political woes
euro nursed losses in Asian trading on Wednesday, pressured by political woes in Europe ahead of elections that…
Asia stocks slip, Dow futures fall 55 points
Asian markets came under pressure on Thursday, after Australia posted stronger-than-expected trade surplus and…
European stocks ends higher as investors eye ECB ‘tapering’
European stocks closed higher on Friday afternoon as investors digested the European Central Bank's (ECB)…
Oil prices climb in anticipation of planned OPEC-led production cut
Oil prices rose to their highest level since October on Tuesday as the market priced in a potential output cut led…