80254
Egypt Non-Oil Exports Rise  by 12 Percent
Egypt Non-Oil Exports Rise  by 12 Percent

Egypt Non-Oil Exports Rise by 12 Percent

Egypt Non-Oil Exports Rise by 12 Percent

Egypt’s non-petroleum exports rose by 12% in 2017, according to a report by the trade ministry’s general organization for export and import control. Exports recorded $20.5 billion in 2017, MENA reported, adding that fertilizers and chemical exports grew by 32% to $4.4 billion. Ready-made clothes exports surged by 13% and engineering and electronic goods exports rose by 11%, the report indicated. Construction materials exports increased by 3% in 2017 to $5.088 billion, the report noted. Egypt’s Industry and Trade Minister Tarek Qabil said that the country’s trade deficit declined 26% year-on-year to $12 billion during the first 11 months of 2017. Egyptian exports rose by 10% to $20.4 billion in the 11-month period, compared to $18.4 billion in the prior year period, he added. Meanwhile, Fitch Ratings revised the outlook for Egypt’s long-term foreign and local currency issuer default ratings to positive from stable, and affirmed IDRs at a ‘B’ rating, according to a press release issued by the credit rating agency on Tuesday.

 

Short URL : https://goo.gl/8LxFU3
  1. https://goo.gl/WcP4mo
  • https://goo.gl/wQc8LE
  • https://goo.gl/oKhFF1
  • https://goo.gl/qmTe1f
  • https://goo.gl/6h5Bok

You can also read ...

The S&P Mumbai Stock Index Sensex shed 73.88 points or 0.21% and closed at 35,548.26 while the Nifty50 index dropped by  17.85 points or 0.17% and settled at 10,799.85.
It is expected that the latest installment of concerns over...
Markets in Argentina, Brazil and Turkey took  the biggest hits from the fed rate hike.
Higher US rates are rattling many emerging markets in much the...
JPMorgan argues the record levels of debt in the US are a clear late-cycle indicator—and sees tough times ahead, at least in credit markets.
It seems like every time Joseph Harvey opens the Wall Street...
Copper Slips to 2-Week Low
Copper eased for a third session on Monday on fears trade...
New Zealand Economy Facing Headwinds
New Zealand’s economic growth is expected to have slowed...
Without users, it would simply be a worthless token.
Cryptocurrencies are not scalable and are more likely to...
Egyptian Lawmakers Decry Sisi Gov’t Economic Reforms
A group of Egyptian lawmakers on Sunday criticized recent...
Turkey Jobless Rate Falls to 10.1%
Turkey’s unemployment rate stood at 10.1% in March, falling 1....

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus