MACRO - 1HFY17 BOP FIGURES… ENHANCEMENTS THAT ARE REFLECTED IN THE SURPLUS OF THE OVERALL BALANCE
​Trade deficit has narrowed down, however, the balance of Current Account has slightly widened, mainly due to the decline in Tourism and Suez Canal Revenues and the increase in interest payments. In 1HFY17 Egypt’s current account deficit has widened by 2.9% when compared to the same period a year before, recording a net outflow of USD 9.7bn compared to a net outflow of USD 9.4bn in 1HFY16.
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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