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$4.5 billion surplus in balance of payment
Egypt, Economics, 9/5/2005
Egyptian economy achieved for the first time a surplus of $4.5 billion in the balance of payment in the fiscal year 2004/2005.
Minister of Foreign Trade and Industry Rasheed Mohamed Rasheed attributed such surplus to the increase in commodity exports in last year by 32%.
Industrial growth rate rose to 5.1% for the first time, he said.
The state plans to increase the industrial growth rate to 10% over the coming five years.
Previous Stories:
Nazif: $ 2.6 billion flow investments in Egypt
(7/6/2005)
$ 27.3 billion worth Egypt's exports in year
(7/5/2005)
$14.975 billion in international reserves
(3/4/2005)
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