Arab Today, arab today oil price decline to reduce egypts fiscal deficit
Last Updated : GMT 05:12:11
Arab Today, arab today
Arab Today, arab today

Oil price decline to reduce Egypt's fiscal deficit

Arab Today, arab today

Arab Today, arab today Oil price decline to reduce Egypt's fiscal deficit

A oil prices
Cairo - MENA

The worldwide drop in oil prices would reduce Egypt's fiscal deficit, the current account balance and rates of inflation and poverty in the state, the World Bank said on Thursday.
In its quarterly report on the Middle East and North Africa, the WB said the low oil prices would have a positive impact on Egypt's growth rates and could solve the electricity problem.
Meanwhile, the WB warned that the drop in oil prices could badly affect the Egyptian expats' remittances and the Gulf financial aid to Egypt.
The decline in oil price, which have dropped to about half of what they were six months ago, would help Egypt's government to complete its reform program, the WB said, shedding light on some improvements to Egypt's economic indicators, such as the Gross Domestic Product, the unemployment rates and the tourism sector.
With the decline in the unemployment rate to 12 percent and the budget deficit to 10 percent, the WB expected the growth rates in Egypt to hit 4.3 percent.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil price decline to reduce egypts fiscal deficit Arab Today, arab today oil price decline to reduce egypts fiscal deficit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil price decline to reduce egypts fiscal deficit Arab Today, arab today oil price decline to reduce egypts fiscal deficit

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday