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Egypt's current account deficit widens

Reuters, Tuesday 30 Nov 2010
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Egypt's current account deficit widened to $802.2 million in the July-September 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 LE 14.7 million versus a surplus of $2.05 billion in July-September 2009. Direct foreign investment during the quarter fell to $1.60 billion from $1.73 billion.

The commercial balance deficit increased by 6% reaching $6.6 million in July-September from $6.3 million.  

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