April 1, 2019 / 11:27 AM / 3 months ago

Egypt current account deficit widens to $3.85 bln in H1 18/19 - c.bank

CAIRO, April 1 (Reuters) - Egypt’s current account deficit widened to $3.85 billion in the first half of the 2018/19 fiscal year from $3.54 billion a year earlier, the central bank said on Monday.

Egypt’s net foreign direct investments narrowed in the same period, July to December 2018, to $2.8 billion from $3.8 billion in the same period a year before, central bank data showed.

Reporting by Yousef Saba, Editing by William Maclean

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