Egypt's Balance of Payment - 1QFY2017
​Trade Deficit has enhanced; yet, Current Account Deficit has widened, mainly, on the back of Pledging Tourism Revenues and Deteriorating Private Transfers… A status that we expect to Flourish Starting from 2QFY17, Post Floatation of the EGP... In the first quarter of FY17, Egypt’s current account deficit has deepened by around 24% when compared with the same period a year before, registering a net outflow of USD 5bn compared to a net outflow of USD 4bn in 1QFY16.
Since its founding in 1992 as a privatization consulting office to the government of Egypt, Prime has successfully reinvented itself as a regional investment bank with a presence in major Arab markets. We provide innovative and outstanding financial services to corporations, institutions, governments, and individuals, using the breadth of our expertise to enable them to reach their objectives.
Over the years, we have refocused our business and our people while extending our geographical reach and strengthening our technological capabilities.
Today, Prime is:
- A competitive leader in the region
- Focused on both clients and products
- Led by pioneers who see change as an opportunity that constructively challenges the status quo
- Driven by a fearless and unconditional commitment to delivery and performance
- Supported by a culture that emphasizes teamwork and a sense of urgency
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