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Egypt's balance of trade took a fluctuating path from 2014 to 2023, recording a peak trade deficit in 2014–2015 at US$39.1 billion due to the decline in proceeds from commodity exports. This decline resulted from a decrease in petroleum export proceeds caused by the decline in global oil prices.
A video shared on X allegedly shows a recent protest in Cairo, Egypt. Verdict: False This video is miscaptioned and originates from 2019. Fact Check: A new Suez Canal channel has been tested with ...
Egypt's main imports consist of pharmaceuticals and non-petroleum products such as wheat, maize, cars and car spare parts. The current account grew from 0.7% of GDP in FY2002 to 3.3% at FY2005. Egypt's Current Account made a surplus of US$4,478 million in FY2005 compared to a deficit of US$158 million in FY2004.
The 1838 Treaty of Balta Liman, or the Anglo-Ottoman Treaty, is a formal trade agreement signed between the Sublime Porte of the Ottoman Empire and Great Britain. The trade policies imposed upon the Ottoman Empire, after the Treaty of Balta Liman, were some of the most liberal, open market settlements that had ever been enacted during the time.
A viral post shared on X claims Colorado Republican Rep. Lauren Boebert purportedly said Egypt owns the Panama Canal. Verdict: False The claim is false and originally stems from an account on X ...
Jirat Teparaksa/Shutterstock.com. 6. De Beers. De Beers is one of the most controversial companies among the biggest monopolies of all time, which is saying something.
The Nile River provides Egypt with some of the most fertile land in the Middle East. It produces food for consumption and export as well as cotton for domestic and foreign textile production. Egypt's other great resource is the Suez Canal. Roughly 7.5% of global sea trade transits the canal providing Egypt revenues in excess of $3 billion ...
As is too often the case, it seems like the only monopolies that earn government approval are the ones it helps create. The post With U.S. Steel Decision, Biden Turned His Back on Opposing ...