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Monday, August 17, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "current account" (2 articles)

An Egyptian rides his cart past the pyramid of Khafre (aslo spelled Chephren) on the Giza Plateau, on the southern outskirts of the capital Cairo (file picture).
Business

Egypt current account deficit widens to $5.1bn

Egypt’s current account deficit more than doubled to $5.1bn in ‌the January-March quarter from $2.3bn a year earlier, central bank data showed on Sunday, reports Reuters. Net foreign direct investment inflows edged down to $3.7bn from $3.8bn in the same period of 2025. The central bank attributed the wider July-March current account ‌deficit mainly to a larger merchandise trade deficit, partly offset by higher remittances, tourism revenue and Suez Canal receipts. Remittances from Egyptians working abroad rose to $12.8bn from $9.3bn in the same quarter last year. Tourism revenue increased to $4.2bn from $3.8bn in the same period last year. Suez Canal revenues rose to $1bn from $800mn a year earlier. Oil imports increased to $5.7bn in the same quarter, from $4.8bn a year earlier, while exports rose slightly to $1.6bn from $1.2bn. 

Gulf Times
Business

Japan posts current account surplus for 7th straight month

Japan recorded a current account surplus for the seventh consecutive month in August, driven mainly by lower prices of energy imports such as crude oil and natural gas. Preliminary data from the Ministry of Finance showed a surplus of 3.77 trillion yen (about $25 billion). The current account, a key indicator of a nation's trade and investment flows with the rest of the world, remained in positive territory but fell 4.8% from a year earlier, according to Japan's public broadcaster NHK World. The decline was largely attributed to a drop in the primary income surplus, reflecting lower dividends from overseas subsidiaries of Japanese financial and automotive companies compared with last year.