CAIRO : Egypt's current account deficit widened to US$18.4 billion in the financial year 2020-21 from US$11.2 billion in the previous year as tourism revenues plunged more than 50 percent, according to central bank figures released on Thursday.Tourism revenues dropped by 50.7per cent to US$4.9 billion ove
CAIRO : Egypt's current account deficit widened to US$18.4 billion in the financial year 2020-21 from US$11.2 billion in the previous year as tourism revenues plunged more than 50 percent, according to central bank figures released on Thursday.
Tourism revenues dropped by 50.7per cent to US$4.9 billion over the financial year as the coronavirus pandemic sharply reduced international travel, down from US$9.9 billion in 2019-20, the central bank said as it released it latest balance of payments data.
Please follow us on Google to support us Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Development Bank boosts 2019-2030 climate financing goal to US$100 billionWASHINGTON :The Asian Development Bank's chief said on Tuesday said the lender will boost its climate financing goals by US$20 billion to a new target of US$100 billion for the 2019-2030 period and aims to launch its concept for retiring coal-fired power plants at the COP26 climate conference in Scotland next month.
Read more »
Australian state offers US$2 billion to lure hydrogen projectsMELBOURNE: Australia\u0027s New South Wales state on Wednesday (Oct 13) said it would offer A$3 billion (US$2.2 billion) in incentives to attract hydrogen projects to the country\u0027s biggest coal-exporting state as it races to slash its carbon emissions. State treasurer and energy minister Matt Kean said the plan
Read more »
China Sept trade surplus with the United States at US$42 billionBEIJING : China's trade surplus with the United States stood at US$42 billion in September, Reuters calculations based on Chinese customs data showed on Wednesday, up from US$37.68 billion in August.For the first nine months of the year, the surplus was US$280 billion, up from US$237.99 billion during the
Read more »
Indonesia needs US$200 billion annual investment in 2021-2030 to decarbonise: GovernmentJAKARTA, Oct 13 (Reuters) - Indonesia will need to invest US$150 billion to US$200 billion per year in low carbon programmes over the next nine years to meet its goal to reach net zero carbon emissions by 2060 or sooner, a new government study showed on Wednesday (Oct 13). Indonesia, the world\u0027s eighth-big
Read more »
Australia board reports slight deficit in 2020/21 after COVID-hit yearMELBOURNE : Cricket Australia (CA) had a 6per cent increase in revenues to AUS$414.7 million (US$306.38 million) in its 2020/21 accounts but posted a slight deficit due to the effects of COVID-19, the board said on Thursday.CA reported a AUS$151,000 deficit which it said was an improvement on budgetary ex
Read more »
Australia cricket board reports slight deficit in 2020/21 after pandemic-hit yearMELBOURNE: Cricket Australia (CA) had a 6 per cent increase in revenues to A$414.7 million (US$306.38 million) in its 2020/21 accounts but posted a slight deficit due to the effects of COVID-19, the board said on Thursday (Oct 14). CA reported a A$151,000 deficit which it said was an improvement on budgeta
Read more »