Mohamed Ayyad

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Egypt depends on the Suez Canal as a major source of foreign currency, dollars, besides remittances from Egyptians abroad, and Egyptian exports and tourism revenues.

(Photo courtesy of Suez Canal Authority)

Egypt’s trade deficit declined by 22% in February: CAPMAS

Egypt’s trade deficit declined by about 22% in February 2016 compared to February 2015, according to a report issued on Thursday by the Central Agency for Public Mobilisation and Statistics (CAPMAS). The balance of trade is an economic measure of the difference in value between a country’s imports and exports during a given period. According …

Mohamed Ayyad