Egypt’s current account deficit narrowed by 45.2% to $3.2bn during the first quarter of the fiscal year (FY) 2025/26, supported by a significant surge in remittances and growth in the services sector. Gains in the current account were partially offset by a wider oil trade deficit, which grew by $946.6m to reach $5.2bn. The capital and financial account recorded a net outflow of $366.4m, a reversal from the $3.8bn net inflow seen in the prior year. Portfolio investment in Egypt saw a net inflow of $1.8bn, compared to a net outflow of $384.7m a year earlier. Despite the narrowing current account deficit, the overall balance of payments (BoP) recorded a deficit of $1.6bn for the quarter, compared to a deficit of $991.2m in the same period of the previous financial year.

Source: Daily News Egypt January 21, 2026 16:05 UTC