Egypt Narrows 9-Month BoP Deficit to $1.8 Billion as FDI Jumps to $13 Billion
Updated
Updated · Daily News Egypt · Jul 12
Egypt Narrows 9-Month BoP Deficit to $1.8 Billion as FDI Jumps to $13 Billion
1 articles · Updated · Daily News Egypt · Jul 12
Summary
$1.8 billion was Egypt’s balance of payments deficit in the first nine months of FY2025/26, down 2.9% from a year earlier despite a much wider current account gap.
$13 billion in net FDI, up from $9.8 billion, helped drive capital and financial inflows to $9.9 billion, with a $3.5 billion Alam El-Roum investment a key boost.
$14.6 billion was the current account deficit after the merchandise trade gap widened 24.6% to $47.8 billion, as non-oil imports rose faster than exports and the oil deficit also deepened.
$34.9 billion in remittances, up 32%, plus tourism revenue of $14.4 billion and Suez Canal receipts of $3.2 billion offset part of that pressure.
$4.4 billion in portfolio outflows reversed year-earlier inflows, with the central bank linking $9.5 billion of January-March outflows to renewed Middle East conflict.