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Country-Plan Projects and Tenders |
| 7648 Subject |
تقاريرمالية ومؤشرات للاداء الاقتصادي Economic performance during the first quarter of FY 2004/ 2005 showing several promising indicators. |
| Date Published | Tuesday, December 28, 2004 |
| Source Name | Al-Ahram |
| Location Name | Country Wide |
| Description | A report released recently by CBE – Central Bank of Egypt, quoted in the media, showed several promising indicators on the country economic performance during the first quarter of FY 2004/ 2005. Interesting was the increase of exports by $ 900 million, to reach $ 3.1 billion, marking almost 40 % growth. That was achieved inspite of the fact that imports have also increased & caused the deficit of the Balance of Trade during the quarter to increase by $ 600 million & reach $ 2.2 billion. Further interesting was the increase of Egyptian expatriates transfers during the quarter to $ 802.8 million, marking 11 % + growth above their level during the same quarter of FY 2003/ 2004. N.B. On its side, the daily Al Wafd of the opposition of the same day, quoting the same report, has repeatedly warned from the increase of local indebtedness of the government, public agencies & the National Investment Bank, increasing by L.E. 9.1 billion during the quarter to reach L.E. 433.8 billion, representing almost 87.1 % of GDP. |
| Sectors Section |
Beneficiary Sectors - Economy Economy |
