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2026-04-14 20:47:20
[Egypt's Current Account Deficit Narrows to $9.5 Billion in First Half of Year, Foreign Investment Inflows Surge 55%] ⑴ Data released by the Central Bank of Egypt on Tuesday showed that the current account deficit for the period from July to December 2025 was $9.5 billion, narrowing from $10.9 billion in the same period last year. ⑵ Net foreign direct investment inflows reached $9.3 billion, up from $6 billion in the same period last year, representing a 55% increase. ⑶ Suez Canal revenue was $2.2 billion, up from $1.8 billion in the same period last year. ⑷ Remittances from overseas Egyptians reached $22.1 billion, up from $17.1 billion in the same period last year. ⑸ Tourism revenue was $10.2 billion, up from $8.7 billion in the same period last year. ⑹ The comprehensive improvement in various external account indicators reflects Egypt's progress in attracting foreign investment, remittances, and tourism revenue. However, the current closure of the Strait of Hormuz and its impact on global shipping and energy prices may pose new challenges to Suez Canal revenue and the overall economic outlook.
