{"id":39390,"date":"2026-07-12T15:11:13","date_gmt":"2026-07-12T13:11:13","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=39390"},"modified":"2026-07-12T15:11:13","modified_gmt":"2026-07-12T13:11:13","slug":"egypts-january-march-current-account-deficit-widens-to-5-1-billion","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/egypts-january-march-current-account-deficit-widens-to-5-1-billion\/","title":{"rendered":"Egypt&#8217;s January-March current account deficit widens to $5.1 billion"},"content":{"rendered":"<div class=\"elementToProof\"><span style=\"font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Egypt&#8217;s current account deficit more than \u200bdoubled to $5.1 billion in the \u200cJanuary-March quarter from $2.3 billion a year earlier, central bank data showed <\/span><span dir=\"ltr\" style=\"font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">this Sunday<\/span><span style=\"font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">.<\/span><\/div>\n<div class=\"elementToProof\"><\/div>\n<div class=\"elementToProof\">Net foreign direct investment inflows \u200bedged down to $3.7 billion from $3.8 billion \u2060in the same period of \u200b2025.<\/div>\n<div class=\"elementToProof\"><\/div>\n<div class=\"elementToProof\">The central bank attributed the \u200bwider July-March current account deficit mainly to a larger merchandise trade deficit, partly offset \u200bby higher remittances, tourism revenue \u200band Suez Canal receipts.<\/div>\n<div class=\"elementToProof\"><\/div>\n<div class=\"elementToProof\">Remittances from Egyptians working \u200cabroad \u2060rose to $12.8 billion from $9.3 billion in the same quarter last year.<\/div>\n<div class=\"elementToProof\"><\/div>\n<div class=\"elementToProof\">Tourism revenue increased to $4.2 billion from $3.8 \u200bbillion in \u200bthe same \u2060period last year.<\/div>\n<div class=\"elementToProof\"><\/div>\n<div class=\"elementToProof\">Suez Canal revenues rose to $1 billion \u200bfrom $800 million a year earlier.<\/div>\n<div class=\"elementToProof\"><\/div>\n<div>Oil \u200bimports \u2060increased to $5.7 billion in the same quarter, from $4.8 billion a year \u2060earlier, \u200bwhile exports rose \u200bslightly to $1.6 billion from $1.2 billion.<\/div>\n<div><\/div>\n<div class=\"elementToProof\">&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":22327,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-39390","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Net foreign direct investment inflows \u200bedged down to $3.7 billion from $3.8 billion \u2060in the same period of \u200b2025.","published_date":"","news_description":"Net foreign direct investment inflows \u200bedged down to $3.7 billion from $3.8 billion \u2060in the same period of \u200b2025.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39390\/revisions"}],"predecessor-version":[{"id":39391,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39390\/revisions\/39391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/22327"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=39390"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=39390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}