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 National Bank of Egypt
Established on 25 June 1898

Economic Bulletin
Issued by the Research Department
Translated by the Translation Department

Vol. 62 No. 1
2012

Cairo

1
 ‫وعا ةو م مح ذ و شجا بوب اس وط‬. ‫[اكتب محتوى اشروط ب‬
‫اشوووو‬This
Bulletin is published
quarterly for circulation free of
charge to our friends in the A.R.E.
and abroad who are interested in
following up the economic
developments in this country.

The Staff of the Research

Department have taken all due care
to ensure the accuracy of the facts
and figures, but the Bank assumes
no responsibility for interpretations
or opinions expressed.

Reprints are permitted

provided that the source is
acknowledged.

A soft copy hereof is available at

http://www.nbe.com.eg

2
 Contents
Page
Comments

- CBE Lowers RRR on Local-currency Deposits 5

- Overview of Egypt's Foreign Currency Revenues 8

Study

- Eurozone Crisis from Glamorous Rise to Risky Fall 14

Domestic Current Developments

- IMF & Egypt's Economic and Financial Reform

Program 48

- Banking Performance a Year after the Revolution 59

International Current Developments

- Banking Brand Ranking for 2012 72

- Repercussions of Oil Price Hike on the World Economy 82

Main Economic Legislation

- Economic Legislation 100

Statistical Section 103

3
Comments

CBE Lowers RRR on Local-currency

Deposits

The monetary policy is one of the most significant tools used

by economic policy makers to target high economic growth rates
while maintaining monetary stability. It further works to attain a set
of objectives; mainly: control over economic fluctuations, price
stability, FX stability and fulfillment of economic activity financial
needs.
In its effort to ensure reaching these objectives, the Central
Bank of Egypt (CBE), in its capacity as the tailor and executor of
the monetary policy, employs a host of mechanisms including but
not limited to discount rate, open market operations and reserve
requirement ratio (RRR).

RRR is defined as "minimum requirement of deposits

(expressed as a percentage) which is required to be deposited by
banks with the CBE" against no interest. By law, the monetary
authorities may change legal reserve requirements to cope with the
changing economic and financial circumstances.

Historical background of the CBE's use of the RRR

Local-currency obligatory reserve requirement varied over

the different periods to accommodate economic variables. In 1958,
the established requirement was 7.5% then rose to 12.5% in 1960
and 1961. It ranged between 17.5% and 25% over the period from
1962 – 1989 then fell to 15% at the outset of the economic reform
program and finally stopped at 14% since 2001.

Driven by the national liquidity position – the outcome of

local and international developments – the CBE's BoD cut the
RRR for local-currency deposits by 200 Bps from 14% to 12%
as of March 20th, 2012 with the intention of securing extra
liquidity for banks and stimulating market credit1.

The CBE's latest decision lowering the RRR for the local-
currency deposits is attributed to the political uncertainty that
reflected on the economic scene. This caused deterioration of
foreign investments particularly in Egyptian Treasury bills.

1
In continuation of this policy, the CBE decided to cut the legal reserve for local-
currency deposits by 200 Bps from 12% to 10% as of June 26 th, 2012.
Consequently, foreign-currency reserves plummeted to US$ 15.1
bn. as at March 2012 (End of 2010: US$ 36 bn.).

Repercussions of the CBE's decision to lower the RRR

It is envisaged that the CBE's decision would secure extra

direct liquidity of EGP 15 bn., i.e. 2% of total local-currency
deposits with banks (EGP 757 bn.) including government deposits
as at February 2012.

The resultant liquidity is expected to reduce the cost of

money and consequently cut lending interest rates. Moreover,
investments and consumption rates are most likely to boom and that
in a way or another would reflect on the stock market.

Such decision represents a preliminary step on the way to

adopt expansionary economic policies via boosting the banking
system ability to extend credit in stimulation of the local
(investment and consumer) demand that in turn would grease the
wheels of economy which currently feature:

- Domestic slowdown discouraging investors to inject more

investments, with a negative demand outlook. That affects
investors' appetite to acquire more credit.

- Negative repercussions generated by the current political

situation and their effect on the domestic/foreign
investments, not to mention direct impacts on sectors like
tourism and exports.

- Stress on the public budget and social and economic

demands voicing social equity.

Conclusion:

The latest amendments introduced by the CBE on the RRR

stand as a serious step within the framework of using the monetary
policy tools for finding a way out, at least in the time being, of the
Egyptian economy slowdown and creating boom in markets,
especially that they come as part of an integrated stimulus package
of monetary and financial policies.
Sources:

- CBE, Monthly Statistical Bulletin, No. 181, April 2012.

- NBE, Quarterly Bulletin, Vol. 54, No. 3, 2001.
- www.cbe.org.eg
 Comments

Overview of Egypt's Foreign Currency

Revenues

Egypt's resources of foreign currency have fluctuated up and

down during the Revolution of January 25th, 2011. Whereas
tourism revenues (a key resource of foreign currency) have sharply
retreated during the period July-December 2011/2012, resources
collected through other channels – represented in Suez Canal tolls,
expatriates' transfers and export proceeds have taken an upward
trend.

Overview of the key foreign-currency resources

during the first half of the year "July-December"

(US$ bn.)
Item 2009-2010 2010-2011 2011-2012
Exports: 11.5 12.7 13.6
Oil 5.0 5.4 --
Suez Canal tolls 2.3 2.5 2.7
Tourism 6.1 6.9 5.1
revenues
Net private 3.5 6.2 7.9
transfers
-- N/A
Source: Central Bank of Egypt, Monthly Bulletin, various
issues.

As for tourism sector, revenues suffered a sharp retreat

during the first half of 2011/2012 by 27.1% to score merely
US$5.1 bn. against US$ 6.9 bn. year-on-year (when tourism sector
boomed achieving a growth rate of approximately 13%). This
retreat stems from the fall in the tourist nights by 12.7% and the
decrease in the tourist's average expenditure per night to stand at
US$ 70.9 against US$ 85 during the comparative periods
respectively.

Commodity exports have risen 7.1% during the first half of

2011/2012 to score US$ 13.6 bn. against US$ 12.7 bn. in the
comparative period.
 Suez Canal tolls rose 7% to amount to US$2.7 bn. against
US$ 2.5 bn. during the comparative period. Furthermore, net
private transfers (mainly expatriates' transfers) went up 28% to
reach US$ 7.9 bn. against US$ 6.2 bn.
 The decline in Egypt's foreign currency resources, especially
in tourism revenues and direct and indirect foreign investments had
a bearing on its transactions with the outside world. This
resulted, during the first half of the fiscal year 2011/2012, in a total
deficit in the balance of payments with a sum of US$ 8 bn. against
a surplus of US$ 571.7 MM during the same period of the previous
year.

The balance of trade deficit went up to score US$ 15.6 bn.

against US$ 14.5 bn. during the comparative period as a
consequence of the rise in the import payments by 7.5% to record
US$ 29.2 bn. against a rise in the export revenues by 7.3% to score
US$ 13.6 bn.

The surplus in the balance of services went down 44.1%

to reach merely US$ 3.1 bn. against US$ 5.6 bn. as a result of the
retreat in the tourism revenues. The capital and financial account
turned into net outflow with a sum of US$ 2.4 bn. against net
inflow of US$ 2.8 bn. as a consequence of the conversion of
portfolio investments in Egypt into net outflow amounting to US$
3.3 bn.1 during the first half of the year 2011/2012 against net
inflow of US$ 4.6 bn. for the same period of the previous year.
Moreover, the net FDIs suffered net outflow of US$ 418.1 MM
against net inflow of US$ 2.3 bn.

In spite of the retreat in Egypt's foreign currency in the wake

of January 25th Revolution coupled with its negative impact on the
Egyptian economy in general, and on Egypt' net international
reserves in particular – which sharply dropped to stand at US$ 15.2
bn. in April 2012 against US$ 36 bn. in December 2010 before the
1
This is attributable to foreigners' sale of securities, especially Egyptian T-bills.
Consequently, net sales amounted to US$ 2.8 bn. during the first half of 2011/2012
against net purchases of US$ 3.1 bn. for the same period of the previous year.
Revolution – Egypt's resources of the foreign currency are
expected to increase gradually during the second half of 2012.
International reserves are also likely to go up synchronically with
supporting the same through soft loans provided by the
international institutions and the bunch of financial aid expected
from the Arab countries. However, the said loans and financial aid
are conditional upon realizing the political stability desired and the
success of democratic transition. This will help motivate the
production process, attract foreign investments and reinforce
confidence in the Egyptian economy which is considered the most
important aspect. Consequently, Egypt's resources of foreign
currency can be balanced.
Source: Central Bank of Egypt, monthly bulletin, various issues.
Study

Eurozone Crisis
from Glamorous Rise to Risky Fall

Great happiness overwhelmed many European countries at

the outset of 1999 in celebration of launching the Euro, the single
European currency1. This step was globaly deemed as a crowning
achievement for the European countries' cooperation amid great
hopes and expectations for boosting the international status of the
European economies and making the newly-born Euro the most
significant reserve currency that immediately follows the US dollar
in rank worldwide.

However, the image seemed completely different just 10

years later. The Eurozone found itself in the eye of a vigorous
financial and economic hurricane, triggered by the growing
sovereign debt crisis, bringing the number of its countries, in
theory, on the verge of a potentially catastrophic default, where no
regional or world rescue plans can work.

I. The path to European Economic and Monetary Union at

a glance ..

The salient phases of the European cooperation:

 The mid 1950s witnessed the first move by establishing the

European Coal and Steel Community (ECSC), the first formal
step toward economic integration in Europe .

1
The Eurozone started with 12 countries: Austria, Belgium, Finland, France, Germany,
Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovakia and Spain followed by
Cyprus, Greece, Malta, Slovenia and Estonia, increasing the state members to 17.
 In March 1957, Germany, France, Italy and the Benelux
countries (Belgium, the Netherlands, and Luxembourg) signed
the Treaty of Rome that gave birth to the European Economic
Community (EEC)2.

 In 1979, the European Monetary System (EMS)3 was

established with the partcipation of the Treaty of Rome
member states; Denmark and Ireland4.

 In 1989, the European Council ratified the process of

achieving the Economic and Monetary Union project (EMU) in
three stages:

 Stage One (1990-1993) .. in which the necessary

foundations were set to achieve that unity5. It was
characterised mainly by the approval of the Maastricht
Treaty in February 1992 by EU member states.

 Stage Two (1994-1998) .. a transitional stage to the

monatery union, the highlights of which were:

2
The treaty's primary purpose was the abolition of tariff barriers among member states
over a 12-year period from the signing date, setting common tariff rules that govern
exports outside the European Union and adopting a Common Agricultural Policy
(CAP).
3
EMS was established for the formation of a European currency basket with different
quantities in order to create the European Currency Unit (ECU), keeping the margin of
exchange rate fluctuation within + 2.5% for each currency against the ECU.
4
Greece joined the above system in 1981, followed by Spain and Portugal in 1986 then
Austria and Sweden.
5
The Maastricht Treaty laid down the criteria that a member state must fulfill to have
accession to the EMU, mainly:
- The ratio of the annual government budget deficit to gross domestic product (GDP)
must not exceed 3%
- The ratio of gross government debt to GDP must not exceed 60%
- Inflation rate: No more than 1.5 percentage points above the average rate of the
three best performing (lowest inflation) EU member states.
- The long-term interest rate must not be more than 2 % points higher than the
average rate of the three lowest inflation member states.
  In June 1997, the Stability and Growth Pact (SGP) was
signed.
 In April 1998, the list of eligible participating countries
to adopt the Euro was announced.
 In May 1998, the establishment of the European Central
Bank (ECB) was announced.

 Stage Three (1999-2002) .. witnessed the completion of

monetary union and the convergence to Euro which was
first introduced only as an accounting currency6 then
entered circulation on a daily basis at the onset of 2002.

II.Sovereign Debts

The term debt in general refers to the total liabilities owed by a

country at any given time, which takes the form of either:

 Internal Debt representing the money a government

borrows from its citizens, or
 External Debt known as the Sovereign Debt denominated
usually in foreign currencies other than the country's
national currency7.

The causes of a country's indebtedness and its buildup are

mainly:

 Chronic deficit in the State's public budget where revenues

fall short of its spending.

6
Initiated for bond issuing or account opening besides being used in financial markets
and in all settlements and transfers at the applicable exchange rates.
7
Sovereign debts are the debts owed by a sovereign government, issued in the form of
bonds. Such bonds are denominated either in local currency (primarily targeting local
investors) or in foreign currency such as USD or EUR (targeting foreign investors).
  Government's future projects are beyond the country's
financial capabilities.
 Government's consumer policy exceeds its production.
 Government's default on external debts or interests, causing
a debt buildup.

A sound economic management requires decision makers to

have a realistic vision with respect to the revenue inflow
structure, envisaging the State's ability to meet its liabilities
towards its creditors on due dates. Typically, the sovereign debt
crisis is highlighted when such inflow structure is wrongly
estimated by the government8. As a result, it fails to procure the
necessary currencies to meet the due sovereign debt liabilities.

Given this context, honoring debt liabilities is the most

urgent priority of governments to maintain their high credit rating
in capital markets. Government's default or potential default can
drive international investors to lose confidence in the country and
refrain from participating in any tenders to purchase its bonds in
the future.

III. Eurozone Crisis Outbreak

In some cases, sovereign debts may, instead of spurring
growth, spiral out of control and turn into a financial crisis. The
sovereign debt crisis poses the possibility of entering a vicious
cycle amid growing fears of default and adversely affecting the
country's economic indicators and growth. Besides, fears of a
spillover of the crisis and extending the contagion and negative
reprecussions to neighbor-countries may emerge. That has been
clearly evidenced in the sovereign debts of a number of euro
countries that have actualy been caught in that vicious cycle.

A) Crisis spill-over in 2009

8
It is critical for governments to be prudent upon drawing their foreign debt payment
schedule to avoid being trapped in a sovereign debt crisis..
 In October 2009, the Greek government disclosed that
deficit in public budget is expected to reach 12.7% of GDP versus
previous official estimates that deficit will stand at 6.7%9 of GDP.
This was the spark that brought the Greek crisis out of the so-
called "shadows", into the spotlight of global events. This was
shortly followed by rating downgrades of Greek bonds by major
credit rating institutions. Consequently, lending entities imposed
higher costs on the Greek government loans.

Before the crisis outbreak, Greek 10-year government bonds'

yield was 10 to 40 basis points (bps) above German 10-year bonds.
However, these yields increased to 400 basis points in January
2010.

Typically, this adversely affected Greece's budget deficit

status, placing the country on the brink of default, provoking the
spill-over of the crisis to a number of European countries and
threatening the failure of the entire Euro practice10.

B) Crisis Causes: A number of interlaced domestic and

international factors led to the outbreak of the indebtedness
crisis in a number of euro countries. Generally, key factors can
be summerized as follows:

 Global Economic Crisis Repurcussions11on the Eurozone

9
According to IMF data, the actual deficit in Greece's budget of 2009 amounted to
15.5%.
10
Although Greece is one of the smallest euro countries (as its contribution in 2009,
crisis year, accounted for 2.6% of the Eurozone GDP), its default provoked big
problems for the entire area. Such problems included losing confidence in the euro
currency, putting pressure on countries with similar status (indebtedness and budget)
and finally adversely affecting the European Union creditor banks to Greece.
11
The outbreak of the global economic crisis took place in September 2008. This crisis
led to the collapse of economic heavyweights (especially USA and European Union)
and the arrangement of huge rescue plans by the major states' governments and
central banks in cooperation with international economic institutions to revive the
troubled economy globally.
 The global financial downturn clearly undermined the
Eurozone economic performance as follows:

 Shrinkage in the Eurozone economy to record (- 4.3%) and

1.9% in 2009 and 2010 respectively. As a result,
unemployment surged to reach 9.6 % and 10.1% in 2009 and
2010 respectively.

Source: International Monetary Fund, World Economic Outlook, April 2012

 In 2009, Eurozone economy went into recession due to the slow

performance of all euro-country economies.
 Source: Ibid

 Chronic disorder in the Euro state budgets:

Over the past decade, euro state public budget data indicated
high government spending versus weak revenue collection. As a
result, a chronic deficit in a number of Eurozone countries was
recorded exceeding the ceiling allowed in the eurozone under the
Maastricht Treaty (as aforementioned).

With the outbreak of the global economic crisis, it has been

getting much worse by widening the gap between revenues and
expenses. As a result, the ratio of overall deficit to GDP in 13 euro
countries exceeded the limit allowed by Maastricht Treaty in
2009.
 *Estonia budget deficit data is unavailable.
Source: Ibid

 Negative Aspects of the Eurozone Bloc

In the last decades, there was a growing demand for joining

regional economic blocs for the relevant advantages offered to
their members. It is clearly applicable to the eurozone as it
represents a huge bloc with high intra-trade among its member
states. As a result, it has become a strategic target pursued by the
majority of Europoan Union States to enjoy such privileges.

However, this movement had some negative impacts that

contributed directly or indirectly to snowball the Eurozone debt
crisis, mainly:

 Lacking an exchange rate regime as a monetary instrument

that could be used by euro countries individually in reviving
economy according to the needs and circumstances of each
… compared to other global and regional economies, such as
the USA, Japan and Britain, although they bear heavy debt
 burdens12, they still maintain their own currencies.
Accordingly, they can use them, explicitly or implicitly, in
boosting exports and limiting imports in order to support their
economies and to stand against mounting external pressures.
On the contrary, each respective euro country is deprived from
that option due to adopting the Euro.

 Increasing the opportunities of borrowing from international

financial markets at low interest rates …with the eurozone
bloc anchored by economic heavyweights, i.e. Germany and
France, and a common monetary policy conservatively
managed by the European Central Bank (ECB), investors have
tended to view the reliability of euro member countries with a
heightened degree of confidence. The perceptions of stability
conferred by the euro membership allowed Eurozone members
to borrow at a more favorable interest rate, making it easier to
finance the state budget and service-existing debt. Such high
confidence puts strong temptation in the way of growing
indebtedness. This privilege, however, may also have
contributed to the euro state buildup of debt.

C) Build-up of Euro country debt

The indebtedness of Eurozone countries has significantly

escalated in the last few years in violation of the Maastricht Treaty,
as previously mentioned. In that vein, it is necessary to refer to the
following points:

(1) Indebtedness of Euro group as a whole: Accelerated growth

rates of public spending versus weak revenues contributed to
the euro state debt build-up. This was further highlighted after
the break-out of the world economic crisis.

12
USA, Britain and Japan are included in the world's biggest debtor country list
either in terms of debt value or debt to the debtor's GDP ratio.
source: Ibid

(2) Indebtedness of individual Euro countries: International

Monetary Fund's statements revealed that the top three biggest
Euro debtor countries are Germany, Italy and France with
indebtedness of EUR 2.1 trillion, EUR 1.9 trillion and EUR 1.7
trillion respectively during the same year (2011).
 Source: Ibid .

(3) Debt-to-GDP ratio of Euro countries: Debt-to-GDP ratio in

12 Euro countries exceeded the limit allowed by the Maastricht
Treaty criteria as previously mentioned.

In late 2011, Greece appeared the most indebted of the group

as its debt-to-GDP stood at 160.8% followed by Italy, Purtogal and
Ireland at 120.1%, 106.8% and 105% respectively.
 Source: Ibid .

Over the last few years (from 2007 through 2011), Ireland's
debt-to-GDP ratio accelerated rapidly (by 80.2 pp) to reach 105%
in 2011 versus 24.8% in 2007, ranking on top of the list. It was
followed by Greece, Portugal and Spain by 55.4 pp, 38.5 pp and
32.2 pp respectively.

IV. International and regional bailout efforts and packages

The European sovereign debt crisis has been addressed based

on three major pillars:

 First Pillar: Introducing a collective mechanism for providing

emergency assistance to Eurozone states. In that vein, the
following actions had taken place:

 In May 2010, a comprehensive rescue package of loans and

facilities worth € 750 billion was approved for supporting
Eurozone states, in times of difficulty, split among three
sources:
 European Financial Stability Facility13 EUR 440 bn.
 International Monetary Fund (IMF)14 EUR 250 bn.
 EFSM15 EUR 60 bn.
Countries in difficulty must meet the following criteria to be
qualified for the bailout plan:

 A support request is made by the eurozone member state,

 The country's economic reform programme is ratified by the

European Commission and the IMF, and

 The country is unable to borrow from international markets

at acceptable interest rates.
In July 2011, Eurozone heads agreed to enhance EFSF
guarantee commitments to EUR 779.8 bn. to ensure its effective
lending capacity via raising the commitment amount per each
Eurozone state, as follows:

13
Every Eurozone state contributed in the European Financial Stability Facility (EFSF)
in proportion to its share in the European Central Bank (ECB) capital to provide the
necessary finance.
14
International Monetary Fund (IMF)
15
European Financial Stabilization Mechanism (EFSM)
 (EUR bn.)
Item Original guarantee Amended guarantee
commitment commitment (July
(May 2010) 2011)
Germany 119.4 211.0
France 89.7 158.5
Italy 78.8 139.3
Spain 52.3 92.6
Netherlands 25.1 44.5
Belgium 15.3 27.0
Greece 12.4 21.9
Austria 12.2 21.6
Portugal 11.0 19.5
Finland 7.9 14.0
Ireland 7.0 12.4
Slovakia 4.4 7.7
Slovenia 2.1 3.7
Estonia* - 2.0
Luxembourg 1.1 1.9
Cyprus 0.9 1.5
Malta 0.4 0.7
Total 440 779.8
*Estonia joined the Eurozone on the 1st of January, 2011.
Source: wikipedia, the international information encyclopedia

 Second Pillar: Arranging bailout packages for the most-

affected Euro states (especially Greece, Ireland and
Portugal). In that vien, we will focus on Greece for two
reasons: it was the first crisis-hit country and it remains the
most-affected one:
1) Greece

 First Bailout Package

The European Union (EU) moved expeditiously to find out

methods and controls for rescueing Greece in cooperation with
competent international financial institutions. Ultimately, after
several debates, the Eurozone states and the International Monetary
Fund (IMF) agreed, in May 2010, to enforce a €110 billion bail-
out package (€ 80 bn from Eurozone countries and € 30 bn from
IMF16) in the form of loans over three years, with 4.5% average
interest to rescue Greece's embattled economy.

Greece received the first payment, USD 19 bn., of the

mentioned aid program during the same month (USD 14.5 bn. from
the Eurozone countries and USD 4.5 bn. from IMF). The second
payment (EUR 9 bn.) had been disbursed in September 2010, the
third in December 2010 and the fourth payment (EUR 15 bn.) in
March 2011.

This aid package was associated with a number of liabilities

on the Greek Government17. The new austerity package aimed to
reduce Greece's public deficit to less than 3%18 of GDP by 2014 at
the most, via adopting a controversial and harsh austerity plan
including the reduction of public sector employees, deeper cuts in
pensions and public service pay as well as further tax increases.

 Second Bailout Package

Despite the aforementioned massive bailout program, it

failed to rescue Greece from its insolvency. Therefore, the risk of
Greece's default was raised again, posing once more the frightening
threat of not honouring its obligations. As a result, credit rating
agencies rushed to cut Greece's credit rating19.

16
The EUR 750 billion loans are backed by guarantees to enable the Greek and other
European governments to borrow without the burden of paying high interests required
by international bond markets.
17
Greece will be inspected quarterly by experts from IMF, European Commission and
European Central Bank to ensure that it meets its obligations as a prerequisite before
disbursing the assistance package installments.
18
In accordance with the Eurozone rules
19
In that vein:
 Given the complicated situation of Greece, EU resumed
working on a second bailout package to potentially avert the debt-
ridden eurozone member-country from a disastrous default. In that
vein, Eurozone leaders approved a new aid package20 in an
emergency board meeting (Brussels, July 2011). The key bullets
were as follows:

 Granting loans and financial aid of EUR 159 bn. divided

into EUR 109 bn. from the Eurozone and the International
Monetary Fund (IMF), and EUR 50 bn. from banks and
private insurance companies;

 Extending the maturity of loans from 7.5 to 15 years,

perhaps even 30 years in some cases;

 Reducing average loan interest rates from 4.5% to 3.5%;

 Setting a buyback scheme to replace part of Greece's

existing bonds by long-term bonds, thereby reducing the
Greek government's debt burden.

Greece preceded the second bailout package by taking few

measures to ensure its commitment to make the financial reforms

 In March 2011, Moody's announced downgrading Greece's debt three notches to

B1 from BA1, suggesting that further downgrades are more likely to take place
within the continuance of the economic hurdles encountered by the state and fears
of default.
 Standard & Poor's (S&P) announced in March 2011 that Greece's rating was cut to
BB- from BB+. Greece is likely to undergo further cuts given its worse-than-
expected performance indicators.

20
In addition to supporting the European Financial Stability Facility (EFSF) to raise
finance available at the same to EUR 440 bn. to be capable of providing help to
Greece and other European states with similar conditions.
demanded by creditors and to adopt a strict austerity policy. The
most important of which were the approval of the Hellenic
Parliament of the austerity program in late June 2011 that aimed at
procuring EUR 28.4 bn. over a five-year period (2011-2015) and
selling soveriegn assets of EUR 50 bn.
 Austerity Program
of EUR 28.4 bn.
(2011-2015)

Spending Cuts Tax Hikes

Provide EUR 14.3 bn. Provide EUR 14.1 bn.

including particularly:
 Cutting the public sector wage
 Low social benefit provisions
 Low health care provisions

Source: Asharq Alawsat Journal, issue no. 11902 on 30 June,

2011.
 Privatization Program
to collect EUR 50 bn.
2011-2015

2011 2012 2013-2015

EUR 5 bn. EUR 10 bn. EUR 35 bn.

Selling stakes in a number Selling stakes in a number of Selling stakes in a number of

of companies, including: companies, including: companies, including:
 Port Operators:  Water company: Athena  Few ports, airports
Piraeus Port and Port Water
and highways
of Thessaloniki  Hellenic Petroleum
 A number of
 Thessaloniki Water  Electricity Company: government
Supply & Sewerage Co. PPC
television channels
 Greek Gambling  Number of ports and
 Some museums
Company: OPAP airports
 Hiring the highways

Source: Ibid.
 Third bailout package (projected):

A recent Troika21 report issued in March 2012 indicated that

Greece is unlikely to settle its debts by 2015. Therefore, Greece
may increasingly be in need for a third bailout package of USD 50
bn. during the period from 2015-2020 to get out of its suffocating
debt crisis.

2- Ireland:
During the fourth quarter of 2010, the EU and IMF finance
ministers ratified a massive bailout plan of EUR 85 bn. for Ireland,
distributed as follows:

 EUR 50 bn. to assist in covering the needs of the

government budget,

 EUR 35 bn. to help in restructuring Irish banks, including:

 EUR 10 bn. for urgent restructuring of banks

substantially affected by the crisis,

 EUR 25 bn. to establish an emergency fund to

support the banking system.

3- Portugal:
In May 2011, the EU and IMF finance ministers certified a
bailout plan of EUR 78 bn.22 for Portugal – over three years –
which will be settled on installments. Stakes are distributed as
follows:
 EUR 52 bn. from EU institutions,
21
A commission of international experts from the EU, the European Central Bank and
the IMF.
22
Interest on the mentioned loan package varied between 3.25% and 4.25%.
  EUR 26 bn. from the IMF.
Meanwhile, the said financing package is distributed as follows:
 EUR 66 bn. to help in covering the needs of the government
budget,
 EUR 12 bn. to restructure banks seriously impacted by the
crisis.

By the end of February 2012, Portugal received EUR 48.8

bn.23 from its international creditors, of which EUR 4.3 bn. were
allocated to recapitalize local banks. Furthermore, it has passed
three periodic assessments conducted by Troika experts concerning
its compliance with the implementation of economic reforms to get
the relevant bailout loan package24.
 Third pillar: setting new financial discipline standards to
ward off the crisis in the future.

In view of the EU's endeavours to work out sovereign debts

crisis and prevent its occurance in the future, 25 EU member
states25 signed in early March 2012 the Treaty on Stability,
Coordination and Governance (TSCG) which will be enforcable by
2013. The indicated treaty includes the following:
 The treaty-signing States are committed to set budgets
balancing between expenditure and revenue – better
achieving surplus. The budget's structural deficit of any
member state should not exceed 5% of GDP (known as the
Golden Rule). Deficit margin may reach 1% in countries
where debt is less than 60% of GDP.

23
Portugal received the first bailout package installment in May 2011.
24
Following the third successful periodic assessment of Portugal in late February 2012,
Troika experts advised creditors to disburse the fourth bailout installment of EUR 14.6
bn. since Lisbon has met the planned targets concerning budget control and carrying
out reforms to enhance economic conditions.
25
Britain and Czech Republic refrained from signing the treaty.
  Each signing state shall set a corrective mechanism to be
automatically enforced in case of failing to achieve target
indicators of the government's budget.

 The European Court of Justice (ECJ) may enforce sanctions

on the defaulting state by 0.1% of its GDP at the most.

 The European Commission (EC) may impose sanctions on

states with annual budget deficit exceeding 3%.

 Member States shall provide legal guarantees (better

included into national constitutions) stating commitment to
the Golden Rule mentioned above.

Fifth: Credit assessments of Eurozone countries in view of the

debt crisis..
Credit assessments of several Eurozone countries were
downgraded significantly and recurrently, not to mention the
negative outlook of future assessments. This reflects the ongoing
repercussions of the European sovereign debt crisis, and threatens
to torpedo the massive bailout programs set up to support
struggling countries to achieve success and relief fears concerning
their future outlook.
A brief of most recent assessments conducted by the world's
largest rating institutions is presented as follows:
1- Standard and Poor's (S&P's)26:

26
Standard and Poor's was founded in 1860. Its credit assessments range between:
- "AAA" the highest quality borrowers and senior obligations with low risk
rating,
- "D" indicating projected borrowers default concerning most or all of
obligations.
 In January 2012, the rating agency S&P's downgraded nine
Eurozone countries. The sovereign ratings of France, Austria,
Malta, Slovakia and Slovenia, were lowered by one notch, while
long-term ratings of Spain, Italy, Portugal and Cyprus were
lowered by two notches, with a negative outlook for 14 Eurozone
countries27, indicating more potential credit rating reductions in the
future.
Country Current Rating description Change from Outlook
rating previous
rating

Germany AAA The best quality borrowers No change STA

High quality and very low credit reduced 1 NEG

risks, but with a fairly higher notch
Austria AA+ exposure on the long run

Belgium AA Quality borrowers, a bit higher No change NEG

risks

Cyprus BB+ More prone to economic reduced 2 NEG

changes notches

Spain A Borrowers' financial stability reduced 2 NEG

likely to be affected by certain notches
economic conditions

27
Except Germany and Slovakia which have a stable outlook.
 Country Current Rating description Change from Outlook
rating previous rating

Estonia AA- Quality borrowers, slightly No change NEG

higher risks than "rating
AA"

Finland AAA The best quality borrowers No change NEG

France AA+ High quality and very low reduced 1 notch NEG
credit risks, but with a fairly
higher exposure on the long
run

Greece CC Very weak bonds, used in Not included in NEG

speculative grade last assessment

Ireland BBB+ Moderate borrowers, No change NEG

currently considered
satisfactory

Italy BBB+ Moderate borrowers, reduced 2 NEG

currently considered notches
satisfactory

Luxembourg AAA Best quality borrowers No change NEG

Malta A- Borrowers' financial stability reduced 1 notch NEG

may be affected by certain
economic conditions, risks
higher than " A rating "

Netherlands AAA The highest quality of No change NEG

borrowers

Portugal BB Investment grade prone to reduced 2 NEG

speculative grade notches

Slovakia A Borrowers' financial stability reduced 1 notch STA

somewhat susceptible to
adverse economic
conditions.

Slovenia A+ Borrowers' financial stability reduced 1 notch NEG

somewhat susceptible to
adverse economic
conditions, lower risks than
" A " rating

Source: Alarab Qatar Newspaper, issue no. 8617 on 15 January,

2012.
2- Moody's28:
In February 2012, Moody's announced reducing the credit
rating of six Eurozone countries. The ratings of five countries
(Italy, Portugal, Slovakia, Slovenia and Malta) were lowered by 1
notch, while the rating of Spain was lowered by 2 notches.
Meanwhile, the rating of France and Austria remained unchanged.
The outlook of the 8 rated countries was negative.
Country Current Description Change from Outlook
rating previous rating

Spain A3 Reduced 2 NEG

notches
Obligations of grade "A" are
Italy A3 of "average" to "high" level, Reduced 1 notch NEG
and are exposed to low
Malta A3 risks, but they are prone to Reduced 1 notch NEG
weakness on the long run.
Slovakia A2 Risks grow gradually in this Reduced 1 notch NEG
risk category from A1 to A2
Slovenia A2 then A3. Reduced 1 notch NEG

Portugal Ba3 Doubtful obligations Reduced 1 notch NEG

bearing above-average risk
grade.

France AAA Senior obligations with No change NEG

lowest risks.

Austria AAA Senior obligations with No change NEG

lowest risks.

Source: http://www.forexpros.ae/news.

28
Moody's was founded in 1909. Its credit assessments range between:
- "AAA" the highest quality borrowers and senior obligations with low risk
rating, and
- "C" indicating the worst rating, and redemption value of obligations is usually
low.
3- Fitch29:
In January 2012, Fitch announced cutting the credit ratings
of five Eurozone countries, of which three countries (Belgium,
Slovenia and Cyprus) were lowered by 1 notch, while the ratings of
two countries (Italy and Spain) were lowered by 2 notches.
Meanwhile, the rating of Ireland remained untouched, with a
negative outlook for the 6 rated countries.
Country Current Rating description Change from Outlook
rating previous rating

Reduced 2 notches

Spain A Borrowers' financial stability may be NEG

affected by certain economic
conditions. Risks grow gradually in Reduced 2 notches
this risk category from A+ to A then
Italy A- A-. NEG

Reduced 1 notch

Slovenia A NEG

High quality and very low credit Reduced 1 notch

risks, but with a fairly higher
Belgium AA exposure on the long run. NEG

Moderate borrowers, currently Reduced 1 notch

considered satisfactory.
Cyprus BBB- NEG

Source: http://arabic.rt.com.

Sixth: Political repercussions of the sovereign debt crisis..

29
Fitch was founded in 1913. Its credit assessments range between:
- "AAA" the highest quality borrowers and senior obligations with lowest risk
rating, and
- "D" indicating projected borrowers default concerning most or all of
obligations.
 The impact of the Eurozone sovereign debt crisis spilled
over to Eurozone countries requiring harsh austerity plans to
overpass the economic environment and indicators – and laid its
hand on the political conditions of these countries. Consecutive
public outrages broke out against the austerity plans. The year 2011
and early 2012 witnessed overthrowing governments in many
Eurozone countries. The following are some examples.
Ireland: Brain Cowen, the Irish Prime Minister and party leader
of Fianna Fàil, submitted his resignation in February 2011 amid
intense pressure of the sovereign debt crisis, and is to be succeeded
by Enda Kenny, leader of Fine Gael.
Portugal: The Portuguese socialist government, led by Jose
Socrates, lost the parliament elections conducted in June 2011,
affected by the severe economic crisis in the country. Further, the
current government, headed by the conservative Prime Minister
Pedro Passos, encounters pressures of the continuing crisis.
Greece: The Greek Prime Minister George Papandreou (from
Pasok socialist party) relinquished his position in September 2011,
to be succeeded by the former Vice President of the European
Central Bank (ECB) Lukas Papademos.
Spain: Spanish public elections, conducted in Novermber 2011,
recorded the defeat of the Spanish Socialist Workers' Party
(PSOE), in government since 2004. The PSOE obtained less than
30% of Parliament seats for the first time since 1977 – due to the
European sovereign debt crisis – whereas the conservative People's
Party (PP) received 44.6% of the vote, winning 186 of the 350
seats in the lower house.
Italy: The Italian Prime Minister Silvio Berlusconi submitted his
resignation in November 2011 under the pressure of the chronic
European sovereign debt crisis reaching Italy and after MPs voted
for a package of savage cuts and stimulus measures demanded by
the European Union to trim Italy's massive €1.9 trillion debt and
reduce balance deficit by USD 75 bn. Mario Monti (the former EU
commissioner) was nominated to head the Italian government.
Romania: The Romanian Prime Minister Emil Boc announced his
resignation in February 2012. His aim was to retain stability and
'release tension' in the country in the wake of weeks of protests
against the government's austerity measures, which have included
an increase in sales tax from 19 to 24 per cent and a 25 per cent cut
in public sector wages to decrease public budget.
Netherlands: The Dutch Prime Minister of the minority
government Mark Rota (belonging to the right Center Party)
resigned in April 2012 following debates on austerity measures
adopted by his government.
France: The economic crisis constituted a critical factor in the
French presidential elections, which caused Nicolas Sarkozy –
affected by his austerity-oriented policies – to lose presidency of
France in May 2012 in favor of François Hollande.

Seventh: Potential Crisis Repercussions on the Egyptian

Economy...

The sovereign debt crisis in the Eurozone countries, obliging

many member states to adopt strict austerity policies, had potential
ramifications on Egypt's economy. This can be pursued, via the
intertwined context of Egypt-EU economic and business relations
as follows:

(A) Foreign Trade

EU ranked first in the list of Egypt's trade partners. Such

rank was well deepened during recent years, as indicated by the
intra-trade transactions ranging from 33.9% to 38% of Egypt's total
foreign trade in 2006/2007 and 2010/2011 respectively.
Consequently, the sovereign debt crisis might have negative
reflections on Egypt's exports to EU as a whole, due to the
austerity policies adopted by many of the EU member states.

Source: Central Bank of Egypt, Monthly Statistical Bulletin, March 2012

(B) Foreign investment flows

 Foreign Direct Investment (FDI) inflows from EU into
Egypt increased significantly during the recent years to a
record level and hit 61.4% and 63.7% of the gross
investment flows into Egypt in 2009/2010 and 2010/2011
respectively.

 Egypt's FDI inflows are expected to be negatively

influenced by the Eurozone crisis because of the
aforementioned austerity policies30 amid increasing calls for
the less-affected parties to assist the most afflicted states in
order to overcome the status-quo.

30
This is in addition to the implications of Egypt's current political conditions.
(C) Tourism Industry:

Europe is the primary tourist-exporting market for Egypt.

Consequently, Egyptian tourist destinations, which are already
burdened by the aftermaths of its unstable political conditions,
were influenced by the above-mentioned austerity measures and
high unemployment rates in Eurozone. Besides, the Euro
devaluation had its impacts on the revenues of Egyptian hotels and
tourist villages primarily dealing in Euros.

(D) Banking System:

 Potential direct repercussions of the sovereign debt crisis on

the Egyptian banking system include the following:

 International dealing rooms are likely to suffer losses due

to the decline in Euro exchange rates.
 Banks are likely to suffer losses due to the Euro-deposits
held with European banks for financing their transactions
in the European market.

 The Egyptian banking system comprises a number of

banking units acting as branches for their parent banks in the
Eurozone states31, especially Greece, Italy and France.
These units are likely to be impacted by the disturbances
encountered by their parent banks.

31
For example:
- Bank of Alexandria affiliated to the Italian group "Intesa San Paolo"
- Piraeus Bank and National Bank of Greece which are owned by two Greek banking
groups
- NSGB owned by the controlling stake of the French Société Générale Group.
- The French Crédit Agricole and BNP Paribas banks
Conclusion:

The sovereign debt crisis sets off alarm bells among all
countries, to reconsider their fiscal discipline measures and
economic structural reforms, and to learn that aid packages are not
granted for free to crisis-hit countries. The paid price may surge to
reach the total submission of the country to the international
custody of global financial institutions and major economic blocs32.
Besides, a nation may sacrifice its national sovereignty over its
financial and economic policies, rendering it difficult or rather
impossible to set its priorities in convenience with its status and
conditions.

In a more relevant approach to Greece's crisis, it is worth

noting that despite the massive bailouts approved for Greece, yet,
its creditors were focusing on filtering the country's public budget
without any consideration for the necessity of boosting economic
growth to achieve sustainable development. This discloses one of
the key weaknesses in the European bailout scheme33, besides, it
failed to provide an adequate degree of confidence in capital
markets and with international credit rating agencies34.This
situation calls for the necessity of giving deep thought prior to

32
Germany proposed that Greece should sell some of its islands to pay off its debt.
33
The Greek finance minister admitted in September 2011 that Greece’s economy is
estimated to shrink by more than (-5)% this year, topping earlier projections estimated
by the European Union, the International Monetary Fund and the European Central
Bank, which estimated only a (-3.8) percent shrink. The World Economic Outlook's
report (issued by IMF in April 2012) reflected worse estimations since Greek economic
shrink was estimated by (- 6.9)% in 2011.
34
Moody’s announced in late July 2011 downgrading Greece’s long-term foreign
currency debt rating to CA from CAA1, just one notch above default. The
announcement of the second rescue plan for the debt-laden nation and the debt
exchange proposals will cause substantial losses for private creditors and amount to a
default.
falling in the grip of the indebtedness abyss. Thus, the voluntarily
achievement of financial discipline is far better than otherwise.

Contrary to the boisterous celebrations following the launch of

the Euro a decade ago, the sovereign debt storms and the
increasing calls for a Greek euro exit, trapped the Eurozone in
crossroads of disintegration.
Sources:

1- Congressional Research Service , Greece's Debt Crisis:

Overview, Policy Responses, and Implications, April 2010

2- European Council , Treaty on Stability, Coordination and

Governance (TSCG)

3- International Monetary Fund , Global Financial Stability

Report , Sep. 2011 .

4- International Monetary Fund , World Economic Outlook ,

April 2012 .

5- Financial Times , Different Issues .

6- http://www.investopedia.com/terms/s/sovereign-debt.

7- Central Bank of Egypt, Monthly Statistical Bulletin, March

2012.

8- Middle East Journal, various issues.

Domestic Current Developments

IMF & Egypt's Economic and

Financial Reform Program

The International Monetary Fund (IMF) came into formal

existence in 1945 under "Bretton Woods" Agreement to enhance
the soundness of global economy and secure the stability of the
international monetary and financial system. The IMF is an
organization of 188 member states working to provide technical
and regulatory advice,1 consultancy and analytical studies. The
Fund also works with the governments of member states to
implement economic reform policies geared towards dealing with
short-term (temporary) problems and imbalances facing the
balance of payments (BOP) or paying war debts. Additionally, it
may also provide finance services in certain cases to help member
states execute the agreed policies and programs, in the form of
credit tranches or financial arrangements and facilities.

Moreover, IMF extends loans through a group of various

facilities tailored with different maturities and lending and payment
terms, according to the kind of problems hitting BOP and the
prevailing conditions in the borrowing country.

Egypt–IMF relationship:

Egypt became a member of IMF on 27 December 1945 with

a quota of USD 45 MM. that increased to USD 633.9 MM. in
September 1991. Egypt's quota currently accounts for USD 1.5 bn.
" at end-May 2011 exchange rate".

1
To ensure exchange rates stability in member states.
55
 IMF-Egypt relationship dates back as far as 1962 when
Egypt requested USD 42.5 MM. to mitigate certain difficulties
related to its BOP. This was followed by a credit facility from the
IMF with the sum of USD 40 MM. under an economic stabilization
program within the context of a Stand-By Arrangement in 1964.
Under both programs, EGP exchange rate was fixed.

As a result of the accumulated economic problems that

Egypt experienced in terms of lack of investments, low savings,
and higher BOT deficit, Egypt resorted to the Fund once more.
Egypt signed a letter of intent2 (LOI) in 1977 paving the way for
signing an economic stabilization agreement in 1978 and providing
Egypt with facilities that amounted to USD 720 MM. to fund BOP
deficit through annual tranches. These tranches were made
provided that progress is achieved in the reform program
introduced by the Egyptian government.

Egypt implemented four economic programs since the

eighties of the last century, under the financial support of IMF with
a total amount of SDR 1.15 bn. "special drawing rights" (i.e. USD
1.85 bn.)3, from which Egypt used only SDR 263.2 MM. (i.e. USD
421.3 MM.). The last program of these was completed in 1998,
with due amounts fully repaid. The aforementioned agreements
were as follows:

(1) Period from 1987 to 1988: A Stand-By Arrangement (SBA)

was signed between Egypt and IMF, allowing Egypt to use
SDR 250 MM. (i.e. USD 400.2 MM.) to help resolve the
problem of external payments arrears and address structural

2
Letter of Intent (LOI) is the set of conditions imposed by IMF and adhered to by the
debtor country in order to have access to its resources. LOI may be presented to get
loans from countries and regional funds and for rescheduling purposes, especially in
Paris Club. The LOI stipulates that the borrowing country shall execute certain
policies and corrective measures to rectify the deficit in the balance of payments.
3
All equivalent values in USD are calculated as per SDR exchange rates against USD
as at the end of May 2011.
 weaknesses that manifested themselves in growing domestic
inflation. Disbursements of SDR 116 million ($185.7 million)
were made under this program.

(2) Period from 1991 to 1993: An additional SBA at SDR 234.4

MM. ($375.2 MM.) was granted in light of rising current
account deficits, falling net capital inflows and grants, as well
as external finance constraints, leading to concerns about
Egypt's ability to finance both its food imports and debt service
obligation.

(3) Period from 1993 to 1996: The Fund agreed to an additional

SDR 400 MM. ($640.3 MM.) under the Extended Fund
Facility (EFF). The total available financing for the period
from 1991 - 1996 amounted to SDR 634.4 MM. ($1.02 bn.).
However, Egypt only withdrew SDR 147.2 MM.($235.6 MM.)

(4) Period from 1996 to 1998: The IMF provided an additional

SDR 271.4 MM. ($434.4 MM.) in financing to Egypt under a
new SBA, as the program framework under the EFF had
become outdated. Such finance was made available for the
purpose of promoting the financial and economic reform
program. It is worth mentioning that Egypt did not draw any
funds under this program, whether from the last additional
finance or from the extended fund facility as Egypt enjoyed
solid international reserves at that time. However, this program
and its predecessor—the EFF—provided a framework for
obtaining the cancellation of 50% of Egypt's official debt from
countries that are members of the Paris Club and rescheduling
the rest of its debts.
Egypt's current position with IMF:

- There are no outstanding facilities or loans between Egypt and

IMF. The previously mentioned Stand-By Arrangement
concluded by both parties on 11 October 1996 and expired on 30
September 1998, with the amount of SDR 271.4 MM., was the
last loan provided by IMF to Egypt.

- Egypt's quota in IMF reached about SDR 943.7 MM. (USD 1.5
bn. at end-May 2011 exchange rate – as noted above).

- The IMF conducts regular assessments of its members' economic

policies called Article IV consultations. Egypt's most recent
Article IV was concluded on April 13, 2010.

Egypt's economic & financial reform program:

During March 2012, the Egyptian government prepared a

draft economic and financial reform program to be presented to the
international institutions and donors to secure financial aids and
standby loans during the years 2012 and 2013.

The IMF officials - as a donor – requested the Egyptian

government early 2011 to draw up an integrated economic and
financial reform program to be executed over 18 to 24 months, as a
condition precedent before securing a USD 3.2 bn. loan to Egypt.

The draft program, co-prepared by the Ministry of Finance

and the Ministry of Planning and International Cooperation in
collaboration with the CBE, includes the following aspects:

 First: Adopting a number of specific and comprehensive

actions to control the overall budget deficit and slash public
 debt to 60-65% of GDP by the year 2016/2017 through
implementing sustainable structural reform policies that
include the following:

First: Budget revenues:

The reform program includes changing the structure of

budget revenues to become closely connected and consistent with
the economic activity, dealing with the following aspects:

Taxes:

The program proposes imposing more taxes on taxpayers

to increase the government revenues and deal with the budget
deficit through:

 Introducing amendments to Income Tax Law by broadening the

pool of tax payers, achieving tax justice and bridging the gaps
that appeared upon the actual implementation of the Law.

 Reforming the sales tax laws through a streamlined legislative

framework. This encompasses:

 unifying tax rate;

 reducing currently applicable penalties and interests;
 rationalizing exemptions stipulated by the law to be limited
to goods and services of social relevance; and
 simplifying tax cut-off procedures for capital goods.

 Modifying tax collection mechanisms on real estate–related

transactions to be applicable all over the country, in addition to
fixing tax rate at 2.5%.
 Amending the systems of deducting the taxes payable on bonds
and T-bills, to be collected timely.

 Gradually increasing the rental value of cultivated land that has

not changed since 1989.

 Having firmer control over market transactions through

implementing "banderole ordinance",4 modifying the
taxation method for beverage companies, and gradually
increasing the taxes levied on cigarettes to reach global rates.

Customs:

The program includes introducing some amendments to

customs tariff to regulate its structure, amend the regulating
provisions related to exemptions of customs duties and temporary
admission, intensify smuggling penalties and support Customs
Authority to detect smuggling crimes and forged invoices.

Catalyzing growth & development and attracting foreign

currency resources:

The economic reform program includes increasing the

state's resources of foreign currency via:

 Phased offering of 50,000 plots of land for Egyptians working

abroad with a value of USD 14 bn. to USD 15 bn. (i.e. EGP 90
bn.), provided that land value is fully paid over 4 years.

4
A new tax control system applicable to companies to curtail tax evasion by attaching a
stamp on products that contains a special code indicating tax payment.
 Introducing certificates of deposit and bonds for Egyptian
expatriates in order to create financing resources.

 Licensing G4 cellular service providers and broadband internet

services.

Second: Budget expenditures:

The program deals with rationalizing public spending in

addition to rationalizing subsidies that do not serve the poor and
most needy, through many ways the most important of which are:

 Rationalizing energy subsidy provided to energy-intense

industries which sell their products in the local market at world
rates.

 Preparing a system for distributing oil products, such as butane

gas, to ensure that they reach the targeted consumers at a
subsidized price.

It is noted that spending rationalization requires taking

additional actions during the fiscal year 2012/2013. This costs the
budget about 1% of the gross domestic product without prejudice
to low-income citizens.

 Second: Implementing a monetary and banking policy that

leads to reducing inflation rates and enhances governance
frameworks and banking stability.
 Third: Encouraging and launching development projects
in East Port Said, Northwest Gulf of Suez, Sinai, Toshka,
Sharq Al-Owainat and other regions.

 Fourth: Carrying out a public investment plan with an

amount of EGP 102 bn.

 Fifth: Supporting public-private partnerships in the fields

of solid waste recycling, drinking water, hospitals and roads,
with a value of USD 2.3 bn.

 Sixth: Implementing an integrated strategy to support and

motivate small and medium enterprises.

 Seventh: Proceeding with the negotiations for increasing

Egyptian exports to international markets and courting
investments from USA and other major markets.

 Eighth: Taking the social dimension into account while

implementing the program. The program includes a set of
policies and procedures related to social protection such as:

 Increasing the scope of beneficiaries from social

insurance pension to reach 2 million people over program
period.

 Applying a minimum wage program, to reach a threshold

of EGP 1,200 monthly by the year 2015/2016.

 Reformulating government recruitment policy through

transparent mechanisms that strike a balance between the
number of new recruits and the number of retirees, in
 addition to providing permanent jobs for about 400,000
contract laborers in the government.

 Increasing budget allocations for low-cost housing in

addition to expediting the delivery of 76,000 housing
units over the fiscal year 2011/2012.

 Proceeding with farmers subsidy programs and expanding

agriculture guidance programs to increase feddan
productivity and farmers' income.

 Re-launching Upper Egypt development plan and

increasing its budget allocations gradually.

 Directing 25% of real estate tax proceeds to serve slums

and 25% to local administration.

 Increasing the required allocations to promote markets

and logistics, with a view to reducing agricultural crop
losses and consequently minimizing inflation pressures.

 Increasing allocations for transformation training in the

light of reformulating export subsidy programs and
linking them with the value added being achieved.

Comment:

IMF loan brings up a wide debate in the Egyptian financial

and economic spheres. Some experts and specialists view it as a
tool of the foreign financial aid provided to Egypt to overcome its
economic crisis aggravated after the 25th of January Revolution and
its negative impacts on all the aspects of Egyptian economy.
Particularly speaking, the loan will be extended with a relatively
low interest rate compared to local borrowing. Others may see that
domestic finance is to be adopted. It is a trend supported by the
CBE's decision in March 2012 to reduce the percentage of legal
reserve for local currency deposits with banks from 14% to 12%. It
is expected that this can provide liquidity of about EGP 20 bn.,
which roughly equals the IMF loan. The percentage of legal
reserve was further lowered to 10% in June 2012, which would
provide liquidity exceeding EGP 10 bn. for banks.

The Egyptian government declared deferring the conclusion

of the relevant agreement with IMF until the completion of the
presidential elections and having a clear vision of IMF
requirements in relation to the political stance towards the
agreement and how to bridge the financial gap.

This deferral is simultaneous with a recovering Egyptian

economy that recorded positive indicators in the third quarter of
2011/2012. This underpins promising prospects and opportunities
for the Egyptian economy to achieve an upswing after the
presidential elections.
Sources:

- "Egypt's Relationship with IMF and World Bank within

their New Strategy with Middle East Countries" NBE,
Economic Bulletin, issue 1, 2004.
- IMF website: www.imf.org
- Al-Alam Alyoum newspaper, the weekly issue No. 5, March
2012.
- Al Shorouq newspaper, issue No. 22, March 2012.
Domestic Current Developments

Banking performance a year after the

Revolution

No doubt that the Egyptian economy has been negatively

affected by the political occurrences in the country as of the end of
January 2011. However, the Egyptian banking sector was able to
overcome the repercussions over a short period of time. The Central
Bank of Egypt (CBE) played a very important role in securing the
funds of all depositors, easing the pressure off banks' liquidity.
This, to a great extent, was also achievable thanks to the structural
nature of banks' balance sheets that had a high deposit-to-total
assets ratio.1

In addition, Egyptian banks maintained sufficient liquidity

levels2 and adequate capital ratios. Egyptian banks also made a
great leap in enhancing asset quality and adopted a comprehensive
program for restructuring and settling non-performing loans
(NPLs).

Other factors that contributed to the sound performance

of Egyptian banks in the wake of the Revolution included the
following:

 Egyptian banks maintained a widespread presence in the last

few years.3
 Banks abode by governance and applied prudent practices.
They also improved the quality of their operations, starting
from the Banking Reform Program 2004.
 Positive banking indicators have been accomplished, reaching
their peak in the recent years.
 Loans-to-deposits slightly moved up from 48.5% in Dec. 2010
to 50% in Dec. 2011, as banks have been cautious in lending
and wished to further support their liquidity ratios.

1
Deposits accounted for 75% of total liabilities as at the end of Dec. 2011, compared to
73.6% as at the end of Dec. 2010.
2
Actual liquidity with banks in local and foreign currencies averaged 55.4% and 51.1%
respectively as at the end of Dec. 2011 versus 44.0% and 51.3% as at the end of Dec.
2010.
3
Banks currently operating in Egypt amount to 39 banks with 2,594 branches.
71
 Fig. (1)
Loans-to-deposits by the end of Dec.

Source: CBE, Monthly Statistical Bulletin, various volumes.

The following passages deal with the main balance sheet

items of the banks registered and operating in Egypt as well as
banks' key performance indicators as at the end of Dec. 2011
vis-à-vis Dec. 2010.

First: Financial position of the Egyptian banking system –

Table (1):

The total financial position of banks rose by 2% as at Dec.

2011, recording EGP 1,308 bn., against EGP 1,283 bn. as at Dec.
2010. This was due to a 14% increase in investments by banks in
securities and T-bills to record EGP 503.3 bn. Moreover, balances
with banks abroad grew by 23.3% to reach EGP 82.9 bn. whereas
customers' lending and discount balances went up by 6.9% to reach
EGP 489.7 bn.
 Fig. (2)
Total assets of the Egyptian banking system as at Dec. 2011
EGP billion

Source: CBE, Monthly Statistical Bulletin, Vol. No. 179, Feb. 2012.

In the meantime, higher liabilities resulted basically from

larger deposits by 3.9% (totaling EGP 981.3 bn.), while banks'
capital increased by 17.2% to account for EGP 60 bn. and bonds &
long-term loans totaled EGP 26.5 bn. (up by 4.5%).

As for reserves, they plummeted by 25.1% to stand at EGP

21.6 bn. Obligations with banks abroad were nearly halved, losing
44.3% and reaching EGP 13.5 bn.
 Fig. (3)
Total liabilities of the Egyptian banking system as at Dec. 2011
EGP billion

Source: CBE, Monthly Statistical Bulletin, Vol. No. 179, Feb. 2012.

Second: Deposits by business sector – Table (2):

Total deposits with the banking system (including

government deposits) rose by 3.9% as at Dec. 2011 to amount to
EGP 981.3 bn. (i.e. 75% of the banking system's total liabilities), in
comparison to EGP 944 bn. (i.e. 73.6% of the banking system's
total liabilities) as at Dec. 2011. Such increase was due to
additional (non-government) deposits in local currency by 1.3%,
reaching EGP 684.3 bn., as well as other (non-government)
deposits in foreign currency by 14.4% reaching EGP 184.6 bn.

The increase in local-currency deposits stemmed mainly

from more household deposits that went up by 8.7% to reach EGP
558.4 bn. versus EGP 513.7 bn. YOY. Such increase was curtailed
by a slump in business sector's deposits by 21.8% to record EGP
99.4 bn. against EGP 127.1 bn. YOY.

The increase in foreign-currency deposits resulted

principally from additional household deposits that went up by 13%
to reach EGP 108.7 bn. versus EGP 96.2 bn. YOY. A lower
increase occurred in private business sector's deposits by 16.2% to
record EGP 63.8 bn. against EGP 54.9 bn. YOY.
Third: Lending & discount balances by business sector – Table
(3):

Banks' lending and discount balances grew by 6.9% as at

Dec. 2011, to amount to EGP 489.7 bn. (representing 37.4% of
total assets of the banking systems), in comparison to EGP 458.1
bn. (representing 35.7% of total assets of the banking system) as at
Dec. 2010.

The main reason why lending and discount balances

increased was the rise of local-currency facilities that recorded EGP
345.4 bn. vis-à-vis EGP 307.6 bn. YOY, growing by 12.3%.
Meanwhile, lending and discount balances in foreign currency fell
down by 4.1% YOY from EGP 150.5 bn. to EGP 144.3 bn.

The largest portion of the increase came from the industry

sector that took the lion's share in local-currency lending and
discount balances, rising by 23.7%. It received EGP 97 bn. against
EGP 78.4 bn. YOY. Services came in the second place with a
growth rate of 15%, seizing EGP 83.6 bn. versus EGP 72.7 bn.
YOY. The household sector went up by 11.5%, accounting for EGP
103.5 bn. compared to EGP 92.8 bn.

The falling foreign-currency lending and discount balances

were due to a slowdown in trade. The trade sector fell down by
24.7%, to account for EGP 9.3 bn. vis-à-vis EGP 12.4 bn. YOY.
Industry's share was also down by 5.9% from EGP 54.6 bn. to EGP
51.4 bn. Transactions with the external world lost 18%, to stand at
EGP 15.8 bn. instead of EGP 19.3 bn.
 Fig. (4)
Lending & discount balances (excl. government) by economic
activity as at December 2011

Source: CBE, Monthly Statistical Bulletin, Vol. No. 179, Feb. 2012.

Fourth: Performance indicators of the banking system – Table

(4):

Generally, the performance indicators of the banking system

reflected continuing improvement despite the unfavorable
conditions of business sectors:

 The indicator of "total equity/total assets" stabilized at 6.2% as

at Dec. 2010 and 2011.

 Profitability indicator took an upward direction as at Dec. 2011

in comparison to Dec. 2010. Return on equity rose from 13% to
14.3%; return on assets increased from 0.8% to 1%.

 Placement indicator reached 50% as at Dec. 2011, up from

48.5% as at Dec. 2010.

The prudent actions taken by the CBE during the hard

times following the Revolution helped the banking system
maintain its sound performance:

- CBE shut down banks during the upheavals, to protect banks

and prevent capital flights.
- After banks re-opened, a ceiling was placed on daily
withdrawals for individuals, with the sum of US$ 10,000 and
EGP 50,000 for foreign- and local-currency deposits
respectively. No limits were decided for domestic bank
transfers. All these restrictions were removed after security
was regained and normal operation of banks was resumed.

- CBE played a crucial role in securing the funds of all

depositors, easing the pressure off banks' liquidity.
Excessive withdrawals were contained. This cemented
customers' confidence and curbed unnecessary withdrawals,
which helped deposits restore their normal pre-Revolution
volumes.

- Banks were allowed by CBE to change the classification of

some financial investments over Jan.-Jun. 2011 with a view
to minimizing the negative impact of the falling share prices
in the aftermath of the Revolution. As approved by CBE,
"Trading financial investments" were re-classified as
"Available-for-sale financial investments", while the
declined fair value was not considered an impaired value for
the relevant period.

With that decision, securities losses in banks' portfolios were

not reflected in the income statement, giving banks the
opportunity to take advantage of any upward trend in the
stock market.

- In November 2011, CBE raised the overnight

deposit/lending rates by 100 bps (i.e. 1%) to become 9.25%
and 10.25% respectively. It also moved the re-discount rate
by the same percentage, to reach 9.5%. That was the first
time for CBE to change the deposit/lending rates, after
having been set unchanged at 8.25% and 9.75% for 3
consecutive years.

By that decision, CBE aimed at providing the required

liquidity for banking institutions to meet their relevant
requirements including funding the budget deficit through
the purchase of T-bills whose prices remarkably increased
and/or extending credit facilities.
 Such decision was expected in view of a devalued Egyptian
pound against the US dollar, the slashed international
reserves,4 Egypt's downgraded credit rating by world rating
agencies because of the political disturbance, and the higher
inflation rates.5

- On 20 March 2012, CBE reduced the legal reserve required

to be held by banks with CBE from 14% to 12%. Such
decision was tilted towards providing further liquidity for
banks and giving a push to credit activities.

- CBE supported banks in containing the effects of political

events and turbulence, to avoid any losses that might
produce a negative impact on banks' performance or the
quality of credit (both retail and corporate loans).

- CBE continued its successful management of the foreign

exchange market via the US$ interbank system, by virtue of
which the consequences of exiting foreign investments were
mitigated.

From what has been mentioned above, it is clear that

CBE has successfully passed through such critical period. The
following must, however, be done over the coming period:

1- CBE should go on with its successful banking reform efforts

launched in 2004. Such efforts reflected positively on a
stronger financial position of Egyptian banks and acted as a
safety net in the face of the unexpected developments.

2- CBE should proceed with its prudent monetary policy

through which it enhanced customers' confidence, and
encourage banks to strengthen their capital base. Further,
banks should be cautious in lending and prepare quality
professional credit and marketing case studies before
granting loans, especially for new projects.

4
Net international reserves retreated from US$ 35 bn. as at Jan. 2011 to US$ 15.1bn. as
at Mar. 2012.
5
Inflation rate recorded 9.6% by the end of 2011.
3- Banks should further support their capital levels, improve
asset quality and increase provisions. They should also
comply with disclosure and transparency rules as well as the
applicable requirements by CBE in this regard. Moreover,
banks should properly apply governance principles and
abide by Basel requirements, to manage risks safely.

4- Particular attention should be paid to small and medium

enterprises (SMEs) that can prop up the Egyptian economy
in the coming period. It is worth mentioning that CBE
exempts the banks that grant loans and facilities to SMEs
from legal reserve ratios, on a pro rata basis.

5- The government of Egypt should design plans to create the

required stability to court direct and indirect foreign
investments and boost tourism. This would increase foreign
currency resources and support international reserve levels at
CBE.

6- To pass safely through such unstable times, banks should

continue to support all economic sectors.
 Table (1)
Financial position of the Egyptian banking system as at Dec.
2011 vs. Dec. 2010*
(EGP bn.)
1-Assets Dec. 2011 Dec. 2010 Change
(%)
Cash 14.4 13.3 7.9
Securities & T-bills 503.3 441.2 14.1
Balances with local banks 119.3 218.1 (45.3)
Balances with banks
(abroad) 82.9 67.2 23.3
Customers' lending &
discount balances 489.7 458.1 6.9
Other assets 98.4 85.0 15.9
Total assets 1,308.0 1,282.9 2
2- Liabilities Dec. 2011 Dec. 2010 Change
(%)
Capital 60.0 51.3 17.2
Reserves 21.6 28.8 (25.1)
Provisions 52.9 54.0 (2.1)
Bonds &long-term loans
26.5 25.3 4.5
Due to local banks
27.5 61.2 (55.1)
Due to banks abroad 13.5 24.3 (44.3)
Total deposits 981.3 944 3.9
Other liabilities 124.7 94 32.7
Total liabilities 1,308.0 1,282.9 2
* Excluding CBE.
- Numbers between brackets are negative.
Source: CBE, Monthly Statistical Bulletin, Vol. (179).
 Table (2)
Deposits at banks by sector by the end of December*
(EGP bn.)
Local currency Foreign Currency
2011 2010 2011 2010
Government 71.1 68.3 49.4 47.2
Public business 24.4 32.1 8.7 7.1
Private
business 99.4 127.1 63.8 54.9
Household 558.4 513.7 108.7 96.2
External world 3.1 3 3.6 3.3
Total 756.4 744.2 234.2 208.7
* Excluding CBE.
Source: CBE, Monthly Statistical Bulletin, Vol. (179), Feb. 2012 & Vol.
(167), Feb. 2011.

Table (3)
Lending & discount balances by economic activity as at the end
of December*
(EGP bn.)
Sector Local currency Foreign currency
2011 2010 2011 2010
Agriculture 5.8 4.5 2.2 2.1
Industry 97 78.4 51.4 54.6
Trade 37.9 38.4 9.3 12.3
Services 83.6 72.7 42.9 40.6
Others 104.2 94.1 18.2 22.2
including:
Household 103.5 92.8 2.4 2.9
Total 328.5 288.1 124 131.8
* Excluding CBE.
Source: CBE, Monthly Statistical Bulletin, Vol. (179).
 Table (4)
Banks' performance indicators

Average of banking system

By the end of Dec. 2011 2010

First: Capital adequacy

Equity / Assets 6.2% 6.2%

Second: Profitability

Profit / Average equity 14.3% 13%

Profit / Average assets 1% 0.8%

Third: Placement criteria

Loans / Deposits 50% 48.5%

Source: CBE, Monthly Statistical Bulletin, various volumes.

Sources:

- CBE, Annual Report 2010/2011.

- CBE, Economic Journal, Vol. (4), 2010/2011.
- CBE, Monthly Statistical Bulletin, various volumes.
- Central Agency for Public Mobilization & Statistics,
Monthly Consumer Statistics, December 2011.
- www.cbe.org.eg
- http://digital.ahram.org.eg/
International Current Developments

Banking Brand Ranking for 2012

Introduction:

The Banker magazine announced in its issue of January,

2012 the Banking Brand Ranking for 2012. Many banks have seen
their brand values decrease against last year's values, with the poor
performance of many banks relating to the woes in the wider
economy.

This year's rankings show how events in a bank's home

country can affect how well a brand performs, and the financial
crisis had affected the reputation of the banks in general. The ones
that have maintained their reputation are the ones with stable
economic condition within home countries.

Brand values of banks from some countries like the United

States, Switzerland and Scotland have suffered retreat compared to
their values in the previous year. Singapore, Canada, Australia and
China have emerged as countries with strong financial services
brands, thanks to the political and economic circumstances in each
one.

Valuing intangible assets is often a topic for heated debate,

and valuing brands is no different. Moreover, the valuations of the
brands take into account data on the whole financial group.
 There are numerous ways of calculating brand value, but
Brand Finance – the company that has compiled these rankings –
uses a method that is recognized by courts and tax authorities.
Additionally, Brand Finance has given each of the brands a rating,
ranging from AAA to D, which benchmarks the strength, risk and
potentials of a brand, relative to its competitors.

Brand ratings definitions:

Banking brands

AAA Extremely strong

AA Very strong
A Strong
BBB-B Average
CCC-C Weak
DDD-D Failing

First: Top 20 by brand value

Table (1)
(US$ MM)
Top 20 by brand value
Rank Rank Brand Country Brand Brand Brand Brand
2012 2011 of origin value rating value rating
2012 2012 2011 2011
1 3 HSBC UK 27,597 AAA 27,632 AAA
2 2 Wells Fargo US 23,229 AA+ 28,944 AA+
3 1 Bank of
America US 22,910 AA+ 34,076 AAA-
4 4 Santander Spain 19,969 AAA- 26,150 AAA
5 5 Chase US 18,964 AA+ 19,150 AA-
6 9 Citi US 18,639 AA+ 17,133 AA
7 13 American
Express US 18,231 AAA- 15,529 AA
8 12 BNP Paribas France 16,809 AA+ 16,643 AAA-
9 6 Bradesco Brazil 15,692 AAA- 18,678 AAA
10 10 China China
Construction 15,464 AA 17,092 AA
 Bank
11 8 ICBC China 15,164 AA+ 17,194 AA
12 7 Barclays UK 13,552 AA+ 17,358 AA
13 11 Itau Brazil 13,171 AA 16,655 AA
14 14 Deutsche
Bank Germany 12,906 AA+ 15,169 AA+
15 17 Bank of China 12,857 AA- 13,257 AA+
China
16 18 JPMorgan US 11,602 AA+ 13,241 AA-
17 19 Sberbank Russia 10,772 AA+ 12,012 AA+
18 23 Agricultural China
Bank Of
China 9,929 A+ 9,283 A+
19 16 Goldman
Sachs US 9,332 AA+ 13,406 AAA-
20 28 RBC Canada 8,647 AA+ 7,069 AA+

Table (1) shows the top 20 banking brands for 2012. The
British HSBC came at the top of the rankings with a value of US$
27.6 bn. The second and third positions were occupied by
American banks, Wells Fargo and Bank of America with values of
US$ 23.2 bn. and US$ 22.9 bn. respectively. When compared with
2011 rankings, Bank of America and HSBC exchanged the first
and third positions, whereas Wells Fargo continued to occupy the
second position.

American banking brands has gripped 7 positions of the top

20 ranks, whereas Chinese brands amounted to 4, followed by the
British and Brazilian brands with 2 positions for each of them, then
came the French, Spanish, German, Canadian and Russian banks
with only 1 standing for each.
 (US$ MM)
Top 10 by brand value in North America
Rank Brand Country of Brand Brand Brand
origin 2012 value 2012 rating value
2011
1 Wells Fargo USA 23,229 AA+ 28,944
2 Bank of America USA 19,266 AA+ 26,699
3 Chase USA 14,456 AA+ 14,241
4 American express USA 13,518 AAA- 10,695
5 Jp Morgan USA 8,845 AA+ 9,847
6 TD Canada 7,741 AA- 6,030
7 RBC Canada 7,379 AA+ 6,143
8 Citi USA 6,217 AA+ 6,260
9 HSBC UK 5,901 AAA 6,437
10 BMO Canada 5,146 AA- 3,626

Second: Top banking brands in North America

Table (2) highlights the banking brand rankings in North

America. Wells Fargo – holding the second rank among the world's
top 500 banking Brands - took the lead with a value of US$ 23.2
bn., whereas Bank of America and Chase have come second and
third with values of US$ 19.3 bn. and US$ 14.5 bn. respectively.

Third: Top banking brands in Europe:

Table (3) shows the ranking of banks by brand value in Europe.
Eighth in the Top 500 Banking Brands, the French bank, BNP
Paribas, topped the list with a value of USD 12.9 bn. Santander
Bank and Sberbank came in the second and third places each with
the value of USD 10.9 bn. and USD 10.8 bn. respectively.
 Table (3)

Top 10 by brand value in Europe

Rank Brand Country Brand Brand Brand
of origin value 2012 Rank in value
(USD Country 2011
MM.) of origin (USD
2012 MM.)
1 BNP Paribas France 12,989 AA+ 12,783
2 Santander Spain 10,931 AAA- 16,953
3 Sberbank Russia 10,772 AA+ 12,012
4 Barclays UK 10,362 AA+ 11,652
5 HSBC UK 9,697 AAA 9,945
6 Deutche bank Germany 8,771 AA+ 7,820
7 Rabobank Netherlands 7,328 AA+ 7,423
8 DZ Bank Germany 6,661 A 4,303
9 Nordea Sweden 5,205 AA 5,705
10 Unicredit Italy 4,053 A+ 6,497

Fourth: Top banking brands in Asia-Pacific

Table (4) features the ranking of banks by brand value in Asia.
Tenth in the Top 500 Banking Brands, China Construction Bank
came ahead of Asian banks with a value of USD 15.5 bn., followed
by the Industrial and Commercial Bank of China (ICBC) and Bank
of China in the second and third places with value of USD 15.2 bn.
and USD 12.5 bn. respectively.
 Table (4)

Top 10 by brand value in Asia-Pacific

Rank Brand Country Brand Brand rank in Brand
of value country of value
origin 2012 origin 2011
(USD 2012 (USD
MM.) MM.)
1 China China 15,464 AA 16,765
Construction
Bank
2 ICBC China 15,164 AA+ 16,773
3 Bank of China China 12,537 AA- 12,940
4 Agricultural China
Bank of China 9,929 A+ 9,283
5 HSBC UK 7,797 AAA 7,720
6 MUFJ Japan 6,315 AA- 5,397
7 Standard UK
Charted 5,336 AAA- 5,193
8 Citi USA 4,548 AA+ 4,293
9 State Bank of India
India 4,472 AA+ 5,376
10 Bank of China
Communication 4,406 AA- 4,287

Fifth: Top banking brands in the Middle East

Table (5) shows the ranking of banks by brand value in the Middle
East. Ranking 114 in the Top 500 Banking Brands, Qatar National
Bank (QNB) topped the table with a value of USD 1.3 bn. followed
by the Saudi Al-Rajhi Bank and National Bank of Abu Dhabi in the
second and third places with the value of USD 1.24 bn. and USD
1.21 bn. respectively.
 Table (5)

Top 10 by brand value in the Middle East

Rank Brand Country of Brand Brand Brand value
origin value Rank in 2011 (USD
2012 country of MM.)
(USD origin 2012
MM.)
1 QNB Qatar 1,264 AA+ 703
2 AL-Rajhi Bank KSA 1,244 AA+ 1,504
3 National Bank of UAE
Abu Dhabi 1,206 AA+ 1,142
4 Emirates NBD UAE 1,038 AA 1,238
5 Standard UK
Chartered 991 AAA- 965
6 Bank Hapolim Israel 774 AA- 1,113
7 Samba KSA 740 AA- 792
8 First Gulf Bank UAE 713 AA+ 750
9 Riyad Bank KSA 633 AA 751
10 Bank Leumi Israel 545 A+ 946

Sixth: Top banking brands in Africa

Table (6) features the ranking of banks by brand value in Africa.

Citi Bank topped the table with a value of USD 1.9 bn. followed by
the South African Standard Bank and ABSA in the second and
third places each with values of USD 1.91 bn. and USD 1.8 bn.
respectively.
 Table (6)

Top 10 by brand value in Africa

Rank Brand Country of Brand value 2012 Brand Rank in Brand
origin (USD MM.) country of origin value
2012 2011
(USD
MM.)
1 Citi Bank USA 1,948 AA+ 1,567
2 Standard South
Bank Africa 1,911 AA+ 2,045
3 ABSA South
Africa 1,784 AA 1,864
4 Goldman USA
Sachs 1,224 AA+ 1,835
5 American USA
Express 1,136 AAA- n/a
6 Nedbank South
Africa 1,049 AA- 1,223
7 First South
National Africa
Bank 988 AAA- 1,410
8 Credit Switzerland
Suisse 783 AA+ 1,512
9 Morgan USA
Stanley 681 AA 970
10 Standard UK
Chartered 610 AAA- 594

Seventh: Total brand value by region and country

Table (7) shows the aggregated brand value by region. The Asia-
Pacific region ranked first with a value of USD 219 bn. followed
by Europe and North America, with values of USD 206 bn. and
USD 204 bn. respectively.
 Table (7)

Total brand value by region (USD MM.)

Region 2012
Europe 205,961
North America 203,823
South America 71,053
Asia-pacific 218,767
Middle East 16,939
Africa 16,283
Other regions 13,927
Total 746,752

Table (8)

Top 20 total brand value by country

Rank Country Total brand value (USD MM.) No. of banking brands
1 USA 205,694 88
2 China 79,559 24
3 UK 67,972 25
4 Canada 37,066 13
5 Brazil 36,694 5
6 France 33,771 14
7 Spain 31,783 12
8 Japan 28,907 40
9 Germany 25,894 16
10 Australia 22,786 19
11 Switzerland 19,507 18
12 Italy 15,654 21
13 Russia 14,169 9
14 India 11,998 22
15 Netherlands 10,699 4
16 Sweden 10,279 4
17 South Korea 9,981 14
18 South Africa 8,207 10
19 Turkey 7,965 8
20 Malaysia 5,898 6

As for countries, table (8) shows the values and numbers of

banking brands in each country. The United States topped the table
with 88 banking brands and total brand value of USD 206 bn.
followed by China with 24 banking brands and total brand value of
USD 79.5 bn. and the UK with 25 banking brands and total brand
value of USD 68 bn.

Comment:

To conclude, the corporate image created by a bank at the

level of the banking industry locally, regionally and globally is
very important as it affects valuing brands on the one hand, and is
associated with a bank's performance on the other hand.
Accordingly, maintaining a strong corporate image and brand for
financial and banking institutions is one of the rating criteria for
such institutions. Corporate image is no longer a luxury at all levels
whether locally, regionally or globally.

Nonetheless, it should be taken into account that several

internal and external factors in the local environment where a bank
conducts business considerably influence the brand value of such
bank. This requires taking all such factors into account by
controlling their negative impact and maximizing their positive
impact to keep up a bank's reputation and performance.

Source: The Banker, February 2012.

International Current Developments

Repercussions of oil price hike on the

world economy

Oil plays a significant role in the world economy. It ranks as

the first1 resource of energy, representing 34.5% of total energy
resources followed by coal then natural gas, representing 29.4%
and 22.8% respectively in 2010 (Figure 1). OPEC estimates point
out that oil would continue to be the leading energy resource till
2035. From this date on, dependence on coal will grow to stand on
equal position with oil, each representing 28.5% of total energy
resources.

Oil is also used as a raw material in a number of production

sectors that significantly contribute to the GDP including transport,
petrochemicals…etc. (Figure 2).

1
As per OPEC World Oil Outlook, 2011.
 Figure 1: Total energy resources (%) in 20102

Source: OPEC World Oil Outlook, 2011.

2
Latest available data.
 Figure 2: Oil consumption by industry in 20083

Source: OPEC World Oil Outlook, 2011.

First: World crude oil production

World crude oil production dropped 2.7% during the period

2006 – 2010 to reach 69.7 MB/D in 2010 compared to 71.6 MB/D
in 2006 distributed as follows4:

 Middle East ranked first in terms of producing crude oil by

30.1% of total world production in 2010. Saudi Arabia came
on top of oil producers in the region and second at the
international level with 11.8% of total world production in
2010 followed by Iran then Iraq with 5% and 3.4%
respectively.

3
Latest available data.
4
Latest available data of 2010.
 Eastern Europe ranked second with 18.1% of total world
production in 2010. Russia stood as the largest oil producer
in the region and the world, with 14.1% of total world
production in 2010.

 Latin America ranked third with 13.9% of total world

production in 2010. Venezuela came on top of the region,
with 4.2% of total world production in 2010 followed by
Mexico with 3.7%.

 Africa commanded 12.3% of total world production in 2010.

Nigeria, Angola and Libya represented top producers with
2.9%, 2.4% and 2.2% respectively of total world production
in 2010.

 Asia held 11% of total world production in 2010. China

came first with 5.9% of total world production in 2010.

 North America contributed with 9.6% of total world

production in 2010. The USA is the most important crude
oil producer in the region and ranked third across the world
(7.9% of total world production) in 2010.

 Western Europe controlled 5% of total world production in

2010. Key producers included Norway and the UK with
2.6% and 1.7% respectively of total world production in
2010.
 It is worth mentioning that OPEC's share5 of world crude
oil production rose to 29.2 MB/D in 2010 compared to 29
MB/D in 2009.

Figure 3: World crude oil production (2006 – 2010)

Source: OPEC Annual Statistical Report, 2010/2011.

Second: World crude oil exports and imports

1) Exports

World exports fell 6.4% during the period 2006 – 2010 to

reach 38.2 MB/D in 2010 versus 40.8 MB/D in 2006 as
follows6:

 Middle East ranked first in terms of exporting crude oil

in 2010, with 42.7% of total world exports. Saudi Arabia
represented the largest oil exporter in the Middle East

5
Member states are 12 as follows: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait,
Libya, Nigeria, Qatar, Saudi Arabia, the UAE and Venezuela.
6
Latest available data of 2010.
 and the world, with 17.3% of total world exports in
2010, followed by Iran (ranking third across the world)
with 6.8% and the UAE with 5.5%.

 Africa came in the second position in terms of exporting

crude oil, seizing 17.3% of total world oil exports in
2010. Nigeria and Angola stood as the leading African
exporters, with shares of 6.5% and 4.5% respectively of
total world exports in 2010.

 Eastern Europe ranked third grabbing 14.7% of total

world exports in 2010. Russia came as the largest
exporter in this region (ranking second worldwide) with
a share of 14.7% of total world exports in 2010.

 Latin America controlled 11% of total world exports in

2010. Venezuela represented the leading oil exporter in
the region with 4.2% of total world exports followed by
Mexico with 3.9%.

 Western Europe grabbed 6.5% of total world exports in

2010. Norway topped the region, with 4.2% of total
world exports in 2010.

 Asia acquired 3.9% of total world exports in 2010.

 North America contributed by 3.9% of total world

exports in 2010. Canada came as the major exporter in
the region, with a share of 3.7% of total world exports in
2010.
 It is worth mentioning that OPEC's crude oil exports rose to
23.1 MB/D in 2010 compared to 22.3 MB/D in 2009.

Figure 4: World crude oil exports (2006 – 2010)

Source: OPEC Annual Statistical Report, 2010/2011.

2) Imports

World crude oil imports fell 2.3% during the period 2006 -
2010 to 42 MB/D in 2010 versus 43 MB/D in 2006 distributed
as follows:

 Asia ranked first in terms of crude oil imports, with a

share of 40.7% of total world imports in 2010. China
came on top in the region, with 8.8% of total world
imports followed by Japan 8.3% then India 6.2%.

 Western Europe came in the second position in 2010,

taking 25% of total world imports. In 2010, Germany
was the largest importer in the region, with a share of
 4.5% of total world imports followed by Italy then
France with 3.8% and 3.1% respectively.

 North America occupied the third position in 2010, with

23.6% of total world imports. The USA stood as the
largest importer in the region and the world grabbing
21.9% of total world imports.

 Latin America acquired 5% of total world imports in

2010.

 Eastern Europe recorded 2.5% of total world imports in

2010.

 Africa obtained 2% of total world imports in 2010.

 Middle East got 1.2% of total world imports in 2010.

Figure 5: World crude oil imports (2006 – 2010)

Source: OPEC Annual Statistical Report, 2010/2011.

Third: The world demand for oil7

 World demand for oil reached 87.8 MB/D in 2011 compared

to 86.9 MB/D in 2010. In Q1 2012, demand recorded 87.8
MB/D versus 87.5 MB/D in Q1 2011. (Figure 6).

 OPEC expects increase of demand by the emerging and

developing economies particularly China in fulfillment of
reconstruction and economic growth requirements. China is
expected to grab 11.06% of total world demand for oil by
the end of 2012. (Figure 7).

Figure 6: Total world demand for oil (2008 – 2011)

Source: OPEC Monthly Oil Market Report, March 2012.

7
As per data of OPEC Monthly Oil Market Report, March 2012.
 Figure 7: World oil demand forecasts in 2012 by geographic
distribution (%)

Source: OPEC Monthly Oil Market Report, March 2012.

Fourth: Development of oil prices

Oil markets have been witnessing price fluctuations since

2008 till the current year, 2012, as follows:

 World demand for oil dropped and price deterioration

followed in the aftermath of the global financial crisis that
led economies to recession. Brent crude oil plummeted from
US$ 91.25/barrel by the end of 2007 to US$ 40.35/barrel by
the end of 2008.

 Prices found back their way up to reach US$ 74.28/barrel by

the end of 2009 and went on to US$ 91.53/barrel and US$
107.86/barrel by the end of 2010 and 2011 respectively.
(Figure 8).
  Brent crude oil continued rising to US$ 118.60/barrel (to
reach its peak price) in Q1 2012 compared to US$
104.90/barrel in Q1 2011, leaving a significant impact on
producing/exporting countries and consequently the world
economy growth rate.

Figure 8: Price development of Brent crude oil (2008 – 2011)

Source: OPEC Annual Report, different issues & OPEC Bulletin, 2012.

Fifth: Key reasons for oil price hike in Q1 2012

There is a handful of reasons that led to the rise of oil prices

during Q1 2012; most importantly geopolitical factors, political
unrest, market speculations and decline of US$ FX rate.
1) Geopolitical factors

Economists attributed the key reason for oil price rise

at the end of 2011 and during Q1 2012 to the following
geopolitical reasons:

 Threats by the West and Israel to take a military action

against Iran, in addition to the sanctions imposed by the
EU and USA on Iranian oil imports.

 Fears that some countries would respond to the EU and

USA's call on suspending Iranian oil imports and the
shift to substantial dependence on the Arab Gulf oil, that
will certainly raise oil prices.

 Threats by Iran to close Strait of Hormuz and suspend its

oil exports. Iran has actually made its decision to stop its
crude oil exports to some countries including Britain and
France.

2) Political unrest

MENA region's political unrest led to the rise of

world oil prices driven by worries regarding shortage of oil
supplies by the Arab Spring countries. These worries grew
more with the birth of South Sudan, particularly with the
Sudan attempts to control South Sudan's oil reserves. The
uncertainty dominating the scene in Iraq caused lower
production capacity, and consequently a rise in prices.
 3) Speculations and depreciation of US$ FX rate

In fact, speculations and depreciation of US$ FX rate

against other currencies played a pivotal role in raising the
oil prices.

Sixth: Repercussions of oil price hike on the world economy

Oil is one of the key economic variables that affect world

economy growth rates. It is expected that oil price hike will cause
a downturn in the world economy growth rates to confine to 3.8%
and 3.3% in 2011 and 2012 respectively against 5.2% in 2010.

Following are the major impacts of oil price hike on the

largest oil producers and importers:

1) Largest importers

A- The USA

 Growth rate is expected to rise to 2.1% in 2012

versus 1.7% in 2011.

 US oil imports are envisaged to cost US$ 426 bn. in

2012 compared to US$ 380 bn. in 2011. This would
increase production costs that in turn pushes up prices
of US products, and consequently weakens their
competitiveness in domestic and foreign markets
alike.
 B- China

 Growth rate is expected to take a downturn trend to

reach 8.2% in 2012 against 10.4% and 9.2% in 2010
and 2011 respectively.

 China's oil imports are envisaged to cost US$ 251 bn.

in 2012 compared to US$ 215 bn. in 2011, driven by
China's substantial dependence on oil imports for
greasing the wheels of its industries.

C- Japan

 Growth rate is expected to reach 2% in 2012 versus

(-0.7)% in 2011 and 4.4% in 2010.

 Japan's oil imports are envisaged to cost US$ 198 bn.

in 2012 against US$ 178 bn. in 2011. This would
result in price inflation and demand retreat.

In light of the foregoing, oil importers seek energy

alternatives such as solar energy, wind energy and electricity with
the intention of gradually decreasing dependence on oil. For
example, the USA supports renewable energy projects, .e.g. wind
energy, in an effort to secure shield against price hikes.

2) Producers

 Positive impact: Producers would reap more revenues. GCC

countries (particularly the UAE, Saudi Arabia and Qatar)
plan to raise production and export levels in order to
maximize their profits. OPEC member countries are
 expected to generate profits amounting to US$ 1.2 trillion in
2012.

 Negative impact: Price hike may result in inflation in

consumer countries which in turn weakens the demand for
oil and catalyzes searching for alternative resources that
would lead the prices downward in the future.

Seventh: Impact on the Egyptian economy

Recently, there has been a noticeable growth in domestic

demand for oil products. This in turn rose the cost of oil imports
driven by the increase in world oil price. This has affected the
balance of payments as follows:

 Balance of oil products suffered a deficit of US$ -599.9

MM. during Q1 2011/2012 (due to the rise in imports)
against a surplus of US$ 110.2 MM. during Q1 2010/2011.

 Balance of crude oil recorded a surplus of US$ 961 MM.

during Q1 2011/2012 compared to a surplus of US$ 587
MM. during Q1 2010/2011.
 Figure 9: Balance of oil payments (oil products and crude oil)
(2007/2008 – Q1 2011/2012)

Source: Monthly Statistical Bulletin, CBE, March 2012.

In this context, oil products subsidy cost rose to EGP 67.7

bn. in 2010/2011, representing 61% of total subsidy cost during the
year under review. Subsidy cost recorded EGP 35.2 bn. during Q1
2011/2012, representing 71% of total subsidy cost for the year.

GoE has taken a pack of measures to counter oil products

subsidy growth, rationalize consumption and ensure the subsidy
fall in the hands of the limited-income brackets through:

 Deployment of gas coupons to rationalize subsidy

directed to gas cylinders and thus save EGP 3 – 4 bn.

 Gradual withdrawal of subsidy directed to industries

with intensive energy consumption (e.g. steel, cement
and ceramics) and thus save EGP 4 bn.
  Considering a mechanism for gasoline subsidy
rationalization.

Conclusion:

Geopolitical factors, political unrest in the Middle East, US

dollar depreciation and growing speculations are the major causes
of the oil price hike in Q1 2012. Further, this rise is expected to
continue in light of the following:

 Increasing demand for oil driven by the industrialization

growth of Asian developing countries.

 Declining stock of world oil reserves driven by the threats

of taking military action against Iran and the Iranian threats
to close Strait of Hormuz.

 Growing demand for oil by the transport sector

worldwide. It is expected to reach 51.4 and 58 MM.
BOE/day in 2020 and 2030 respectively compared to 43.8
MM. BOE/day in 2010.

 Rising population of urban communities. It is envisaged

to reach 5 bn. persons in 2030 compared to 3.5 bn. in 2009.
Consequently, direct and indirect demand for oil will grow
to reach 91 MB/D and 105.5 MB/D in 2015 and 2030
respectively versus 85.5 MB/D in 2010.
Sources:

1. OPEC World Oil Outlook 2011.

2. OPEC Monthly Oil Market Report, March 2012.
3. International Monetary Fund, World Economic Outlook, April
2012.
4. OPEC Annual Statistical Report, 2010/2011.
5. PEC Annual Report, different issues.
6. OPEC Bulletin, 2012.
7. Financial Times Journal, different issues.
8. World Bank, Commodity Price Data, 2012.
9. Orgainziation of Arab Petroleum Exporting Countries (OAPEC),
2011.
Main Economic Legislation

Economic Legislation

On December 28th, 2011, the Supreme Council of

Armed Forces' Decree Law No. 246/2011 was promulgated
approving the memorandum of understanding, signed in
Damascus on 6/4/2011, regarding the aid offered by the Arab
Fund for Economic and Social Development. The aid was
granted with the sum of USD 15 MM. with the purpose of
repairing and reconstructing some governmental buildings and
establishments.
Source: Official Gazette issue No. 14, April 5th, 2012.

In its meeting held on 20/3/2012, the Central Bank of

Egypt issued Resolution No. 607/2012 reducing the Required
Reserve Ratio (RRR) maintained by banks with CBE from
(14%) to (12%). The said Resolution shall be effective as of
the beginning of the reserve period starting on March 20 th,
2012.
Source: Al-Waqa'i`a Al-Masriya No. 84, April 10th, 2012.

On December 28th, 2011, the Supreme Council of

Armed Forces' Decree Law No. 247/2011 was promulgated
approving letters exchanged between the governments of the
Arab Republic of Egypt and the Republic of Korea concerning
the Korean grant with the sum of USD 1.130 MM. signed in
Cairo on 18/10/2011. The grant shall be used in financing the
implementation of the 2nd phase of the quality management
system project for products manufactured in Egypt.
Source: Official Gazette issue No. 15, April 12th, 2012.
90
 On February 9th, 2012, the Supreme Council of Armed
Forces' Decree No. 79/2012 was promulgated approving the
letters exchanged between the governments of the Arab
Republic of Egypt and Japan and signed in Cairo on
17/11/2011 concerning the Japanese grant with the sum of
JPY 500 MM. The grant is offered with the purpose of
enhancing the Egyptian government efforts to achieve
economic and social development.
Source: Official Gazette issue No. 16, April 19th, 2012.

On April 23rd, 2012, the Prime Minister's Decree No.

437/2012 was promulgated in respect of consolidating the
budget of the domestic trade sector and the supply sector as of
the fiscal year 2012/2013. Financial treatment policies of
employees for both sectors are to be unified without placing
any financial burden on the State's general budget.
Source: Official Gazette issue No. 17, 26 April 2012.

On May 31st, 2012, the Ministry of Industry and

Foreign Trade' Decree No. 430/2012 was promulgated
concerning the provisional safeguard measure on imports of
polypropylene items, accounting for (15%) of the imports CIF
value with a minimum of EGP 16.5/ton to be effective for 200
days in compliance with the stipulation of Article (83/1) of the
executive regulations of Law No. 161/1998.
Source: Al-Waqa'i`a Al-Masriya No. 127 (cont.), June 3rd,
2012.

In its meeting held on 22/5/2012, the Central Bank of

Egypt issued Resolution No. 1012/2012 reducing the Required
Reserve Ratio (RRR) maintained by banks with CBE from
(12%) to (10%) effective from the reserve ratio period starting
on June 26th, 2012 for the average of the balances forming the
denominator of the ratio as of May 29th, 2012.
Source: Al-Waqa'i`a Al-Masriya No. 128, 4 June 2012.

In its meeting held on 5/6/2012, the Central Bank of

Egypt issued Resolution No. 1105/2012 approving the
registration of the Arab International Bank with CBE as
"public legal person", Banks' Registry No. 129. The Arab
International Bank is, thus, licensed to deal in all currencies
specified by its BoD.
Source: El Wakae El Misrya No. 138, 16 June, 2012.

On February 23rd, 2012, the Supreme Council of Armed

Forces' Decree No. 115/2012 was promulgated approving the
bilateral investment promotion and protection agreement
(BIPA) between the government of the Arab Republic of
Egypt and the Swiss Confederation. The agreement was
signed in Cairo on 7/6/2010.
Source: Official Gazette issue No. 26, 28 June 2012.
‫‪Main Economic Indicators - General Summary‬‬ ‫المؤشـــرات االقـتصاديــة الرئيسيــة ‪ -‬ملــخص عــام‬
‫‪Items‬‬ ‫‪Unit‬‬ ‫‪2008/2009‬‬ ‫‪2009/2010‬‬ ‫‪2010/2011‬‬ ‫‪2011/2012‬‬ ‫البيـــــــــــان‬
‫‪ -1‬الســـكان(‪: )1‬‬
‫)*(‬
‫‪1-Population (1) :‬‬ ‫)‪(mn.‬‬ ‫‪75.2‬‬ ‫‪76.8‬‬ ‫‪77.8‬‬ ‫‪80.4‬‬ ‫مليون نسمة‬
‫)*(‬
‫‪Employment‬‬ ‫‪Number mn.‬‬ ‫‪25.4‬‬ ‫‪26.2‬‬ ‫‪25.3‬‬ ‫عدد العاملين بالمليون ‪26.2‬‬ ‫حجم العمالة‬
‫)*(‬
‫)‪Unemployment Rate (%‬‬ ‫‪9.4‬‬ ‫‪9.0‬‬ ‫‪10.6‬‬ ‫‪11.5‬‬ ‫معدل البطالة (‪)%‬‬
‫‪2- National Accounts‬‬ ‫‪ - 2‬الحسابات القومية ‪:‬‬
‫‪Gross Domestic Product at Factor‬‬ ‫الناتج المحلى االجمالى بتكلفة عوامل االنتاج‬
‫)‪(+‬‬
‫) ‪Cost (at Current Prices‬‬‫×‬
‫)‪( L.E.bn.‬‬ ‫‪994.1‬‬ ‫‪1,150.6‬‬ ‫‪1,309.9‬‬ ‫‪747.8‬‬ ‫مليار جنيه مصرى‬ ‫(باألسعار الجارية ) ×‬
‫‪Agricultural, irrigation & fishing‬‬ ‫""‬ ‫‪135.5‬‬ ‫‪161.0‬‬ ‫‪190.2‬‬ ‫‪118.7‬‬ ‫" " "‬ ‫الزراعة والغابات والصيد‬
‫‪Extractions‬‬ ‫""‬ ‫‪148.0‬‬ ‫‪165.7‬‬ ‫‪195.1‬‬ ‫‪113.3‬‬ ‫" " "‬ ‫اإلستخراجات‬
‫‪Manufacturing Industries‬‬ ‫""‬ ‫‪164.5‬‬ ‫‪194.3‬‬ ‫‪216.2‬‬ ‫‪118.2‬‬ ‫"" "‬ ‫الصناعات التحويلية‬
‫‪Construction & building‬‬ ‫""‬ ‫‪44.0‬‬ ‫‪52.6‬‬ ‫‪60.1‬‬ ‫‪32.6‬‬ ‫" " "‬ ‫التشيد والبناء‬
‫‪Transportation and storage‬‬ ‫""‬ ‫‪41.0‬‬ ‫‪47.4‬‬ ‫‪53.4‬‬ ‫‪29.9‬‬ ‫" " "‬ ‫النقل والتخزين‬
‫‪Communications‬‬ ‫‪31.2‬‬ ‫‪34.8‬‬ ‫‪37.3‬‬ ‫‪19.1‬‬ ‫االتصاالت‬
‫‪Information‬‬ ‫‪2.1‬‬ ‫‪2.4‬‬ ‫‪2.7‬‬ ‫‪1.5‬‬ ‫المعلومات‬
‫‪Wholesale and retail trade‬‬ ‫‪113.7‬‬ ‫‪133.8‬‬ ‫‪150.7‬‬ ‫‪91.9‬‬ ‫تجارة الجملة والتجزئة‬
‫‪Finance‬‬ ‫‪36.1‬‬ ‫‪41.2‬‬ ‫‪44.8‬‬ ‫‪26.3‬‬ ‫المال‬
‫‪Social Solidarity‬‬ ‫‪32.4‬‬ ‫‪37.7‬‬ ‫‪43.3‬‬ ‫‪24.0‬‬ ‫التأمينات االجتماعية‬
‫‪Tourism‬‬ ‫‪-‬‬ ‫‪40.0‬‬ ‫‪41.8‬‬ ‫‪24.4‬‬ ‫السياحة‬
‫)‪Real Growth Rate of GDP (%‬‬ ‫‪4.7‬‬ ‫‪5.1‬‬ ‫‪1.9‬‬ ‫‪0.3‬‬ ‫معدل النمو الحقيقي للناتج المحلى (‪)%‬‬
‫‪3- Gross National Savings‬‬ ‫)‪( L.E.bn.‬‬ ‫‪172.9‬‬ ‫‪200.5‬‬ ‫‪183.3‬‬ ‫‪197.9‬‬ ‫مليار جنيه مصرى‬ ‫‪ -3‬إجمالى االدخار القومى‬
‫‪Gross Domestic Investments‬‬ ‫)‪( L.E.bn.‬‬ ‫‪200.0‬‬ ‫‪235.3‬‬ ‫‪215.5‬‬ ‫‪233.0‬‬ ‫مليار جنيه مصرى‬ ‫(أ) إجمالى االستثمار المحلى‬
‫)‪Domestic Investments/GDP (%‬‬ ‫‪19.3‬‬ ‫‪14.3‬‬ ‫‪11.0‬‬ ‫‪10.2‬‬ ‫(ب) نسبة االستثمارات المحلية ‪ /‬الناتج المحلى (‪)%‬‬
‫‪Gross Domestic Savings‬‬ ‫)‪( L.E.bn.‬‬ ‫‪129.1‬‬ ‫‪172.1‬‬ ‫‪150.5‬‬ ‫‪160.0‬‬ ‫مليار جنيه مصرى‬ ‫(ج) إجمالى االدخار المحلى‬
‫)‪Domestic Savings/GDP (%‬‬ ‫‪12.4‬‬ ‫‪19.5‬‬ ‫‪15.7‬‬ ‫‪14.8‬‬ ‫(د) نسبة االدخار المحلى‪/‬الناتج المحلى (‪)%‬‬

‫‪4- Consolidated Fiscal Operations‬‬ ‫‪- 4‬العمليات المالية الموحدة للحكومة العامة ‪:‬‬
‫‪of General Government :‬‬
‫)‪(+‬‬
‫‪Total Revenues‬‬ ‫)‪( L.E.bn.‬‬ ‫‪288.5‬‬ ‫‪303.4‬‬ ‫‪296.3‬‬ ‫‪136.0‬‬ ‫مليار جنيه مصرى‬ ‫إجمالى اإليرادات‬
‫‪Total Expenditures‬‬ ‫""‬ ‫‪356.9‬‬ ‫‪396.8‬‬ ‫‪430.6‬‬ ‫‪213.8‬‬ ‫" " "‬ ‫إجمالى المصروفات‬
‫‪Cash Deficit‬‬ ‫""‬ ‫‪68.4‬‬ ‫‪93.4‬‬ ‫‪134.3‬‬ ‫‪77.8‬‬ ‫" " "‬ ‫العجز النقدى‬
‫‪Net Acquisition of Financial Assets‬‬ ‫""‬ ‫‪4.0‬‬ ‫‪5.5‬‬ ‫)‪(4.3‬‬ ‫)‪(3.1‬‬ ‫" " "‬ ‫صافى حيازة األصول المالية‬
‫‪Overall fiscal balance finance‬‬ ‫""‬ ‫‪72.4‬‬ ‫‪98.9‬‬ ‫‪130.0‬‬ ‫‪74.7‬‬ ‫" " "‬ ‫العجز الكلى‬
‫‪5-Net Domestic Governmental Debt‬‬ ‫""‬ ‫‪562.3‬‬ ‫‪663.8‬‬ ‫‪808.1‬‬ ‫‪894.6‬‬ ‫" " "‬ ‫‪ -5‬صافى الدين المحلى للحكومة‬
‫)‪Net Governmental Debts/GDP (%‬‬ ‫‪54.0‬‬ ‫‪55.0‬‬ ‫‪58.9‬‬ ‫‪57.0‬‬ ‫صافى الدين الحكومى ‪ /‬الناتج المحلى (‪)%‬‬
‫‪(*) Projected .‬‬ ‫(*) مستهدف ‪.‬‬
‫‪(1) Excluding Egyptian Expatriates and it's resource‬‬ ‫(‪ )1‬تقديرات السكان التشمل العاملين بالخارج ومصدرها‬
‫‪Ministry of Planning - Economic & Social Development Plan .‬‬ ‫وزارة التخطيط ‪ -‬خطة التنمية االقتصادية واالجتماعية ‪.‬‬
‫‪Central Agency for Public Mobilization & Statistics.‬‬ ‫الجهاز المركزى للتعبئة العامة واالحصاء ‪.‬‬
‫‪(×)Excluding Indirect Taxes .‬‬ ‫(×) اليشمل قيمة الضرائب غير المباشرة ‪.‬‬
‫‪(+)July/Dec. .‬‬ ‫(‪ )+‬يوليو ‪ /‬ديسمبر‪.‬‬
‫) ‪Main Economic Indicators ( Cont.‬‬ ‫تابع ‪ -‬المؤشـــرات االقـتصاديــة الرئيسيــة‬
‫‪Items‬‬ ‫‪Unit‬‬ ‫‪2008/2009‬‬ ‫‪2009/2010‬‬ ‫‪2010/2011‬‬ ‫‪2011/2012‬‬
‫)*(‬
‫وحدة القياس‬ ‫البيـــــــــــان‬

‫‪6- Money Supply & Domestic Liquidity‬‬ ‫)‪( L.E.bn.‬‬ ‫مليار جنيه مصرى‬ ‫‪ -6‬كمية وسائل الدفع والسيولة المحلية ‪:‬‬
‫) ‪M1( Money Supply‬‬ ‫"""‬ ‫‪183.0‬‬ ‫‪214.0‬‬ ‫‪248.7‬‬ ‫‪255.6‬‬ ‫"""‬ ‫(أ) كمية وسائل الدفع ‪M1‬‬
‫) ‪M2 ( Domestic Liquidity‬‬ ‫"""‬ ‫‪831.2‬‬ ‫‪917.5‬‬ ‫‪1,009.4‬‬ ‫‪1,038.9‬‬ ‫"""‬ ‫(ب) السيولة المحلية ‪M2‬‬
‫)‪Domestic liquidity growth rate (M2) (%‬‬ ‫‪9.4‬‬ ‫‪14.4‬‬ ‫‪9.6‬‬ ‫‪5.1‬‬ ‫(ج) معدل نمو السيولة المحلية ( ‪)%( ) M2‬‬
‫)‪Dollarization rate (%‬‬ ‫‪20.1‬‬ ‫‪17.2‬‬ ‫‪17.5‬‬ ‫‪17.4‬‬ ‫(د) معدل الدولرة (‪)%‬‬
‫)‪Income velocity of money (%‬‬ ‫‪1.25‬‬ ‫‪1.32‬‬ ‫‪1.36‬‬ ‫‪1.51‬‬ ‫(هـ) السرعة الداخلية للنقود ( ‪) %‬‬
‫)‪7- Annual Inflation Rate (%‬‬ ‫‪9.9‬‬ ‫‪10.7‬‬ ‫‪11.8‬‬ ‫‪9.6‬‬ ‫‪ -7‬معدل التضخم السنوى (‪)%‬‬
‫‪8- Balance of payments‬‬ ‫)‪($bn.‬‬ ‫مليار دوالر‬ ‫‪ -8‬ميزان المدفوعات ‪:‬‬
‫‪a. Commodities export proceeds‬‬ ‫"""‬ ‫‪25.2‬‬ ‫‪23.9‬‬ ‫‪27.0‬‬ ‫)**(‬
‫‪13.6‬‬ ‫"""‬ ‫(أ) حصيلة الصادرات السلعية‬
‫‪b.Commodities import payments‬‬ ‫"""‬ ‫)‪(50.3‬‬ ‫)‪(49.0‬‬ ‫)‪(51.0‬‬ ‫)‪(29.2‬‬ ‫"""‬ ‫(ب) مدفوعات عن الواردات السلعية‬
‫‪c. Trade balance‬‬ ‫"""‬ ‫)‪(25.2‬‬ ‫)‪(25.1‬‬ ‫)‪(23.8‬‬ ‫)‪(15.6‬‬ ‫"""‬ ‫(ج) الميزان التجارى‬
‫‪d. Service receipts‬‬ ‫"""‬ ‫‪23.8‬‬ ‫‪23.6‬‬ ‫‪21.9‬‬ ‫‪10.6‬‬ ‫"""‬ ‫(د) المتحصالت الخدمية‬
‫‪e. Service payments‬‬ ‫"""‬ ‫)‪(11.3‬‬ ‫)‪(13.2‬‬ ‫)‪(14.0‬‬ ‫)‪(7.5‬‬ ‫"""‬ ‫(هـ) المدفوعات الخدمية‬
‫‪f. Balance of services‬‬ ‫"""‬ ‫‪12.5‬‬ ‫‪10.4‬‬ ‫‪7.9‬‬ ‫‪3.1‬‬ ‫"""‬ ‫(و) ميزان الخدمات‬
‫‪g. Net official & private transfers‬‬ ‫"""‬ ‫‪8.2‬‬ ‫‪10.5‬‬ ‫‪13.1‬‬ ‫‪8.4‬‬ ‫"""‬ ‫(ز) صافى التحويالت الرسمية والخاصة‬
‫‪h.Balance of goods & services transfers‬‬ ‫"""‬ ‫)‪(12.7‬‬ ‫)‪(14.8‬‬ ‫)‪(15.9‬‬ ‫)‪(12.5‬‬ ‫"""‬ ‫(ح) ميزان السلع و الخدمات‬
‫‪I. Balance of current accounts‬‬ ‫"""‬ ‫)‪(4.5‬‬ ‫)‪(4.3‬‬ ‫)‪(2.8‬‬ ‫)‪(4.1‬‬ ‫"""‬ ‫(ط) الميزان الجارى‬
‫‪9- Tourism‬‬ ‫‪ -9‬السياحة ‪:‬‬
‫‪Number of tourists‬‬ ‫)‪(mn.‬‬ ‫‪12.3‬‬ ‫‪13.8‬‬ ‫‪11.9‬‬ ‫‪5.7‬‬ ‫بالمليون‬ ‫عدد السائحين الوافدين‬
‫‪Tourist nights‬‬ ‫)‪Night (mn.‬‬ ‫‪123.4‬‬ ‫‪136.4‬‬ ‫‪124.6‬‬ ‫‪71.3‬‬ ‫بالمليون ليلة‬ ‫الليالى السياحية للمغادرين‬

‫‪(*) July/Dec. .‬‬ ‫(*) يوليو‪ /‬ديسمبر ‪.‬‬

‫‪(**) Provisional .‬‬ ‫(**) مبدئى ‪.‬‬
‫‪Source: Central Bank of Egypt - Monthly Statistical Bulletin.‬‬ ‫المصدر‪ :‬البنك المركزى المصرى ‪ -‬النشرة االحصائية الشهرية ‪.‬‬
‫‪Ministry of finance - The financial monthly .‬‬ ‫وزارة المالية ‪ -‬التقرير المالى الشهرى ‪.‬‬
‫) ‪Main Economic Indicators ( Cont.‬‬ ‫تابع ‪ -‬المؤشـــرات االقـتصاديــة الرئيسيــة‬
‫‪Items‬‬ ‫‪Unit‬‬ ‫‪2008/2009‬‬ ‫‪2009/2010‬‬ ‫‪2010/2011‬‬ ‫)*(‪2011/2012‬‬ ‫وحدة القياس‬ ‫البيـــــــــــان‬

‫‪10- Main Sources of Foreign Exchange :‬‬ ‫)‪($bn.‬‬ ‫مليار دوالر‬ ‫‪ -10‬أهم مصادر النقد األجنبى ‪:‬‬
‫‪Non petroleum exports‬‬ ‫""‬ ‫‪14.2‬‬ ‫‪13.6‬‬ ‫)**(‬
‫‪14.9‬‬
‫)**(‬
‫‪6.8‬‬ ‫""‬ ‫صادرات غير بترولية‬
‫‪Petrole exports‬‬ ‫""‬ ‫‪11.0‬‬ ‫‪10.3‬‬ ‫‪12.1‬‬ ‫‪6.7‬‬ ‫""‬ ‫صادرات بترولية‬
‫‪Tourism Revenues‬‬ ‫""‬ ‫‪10.5‬‬ ‫‪11.6‬‬ ‫‪10.6‬‬ ‫‪5.1‬‬ ‫""‬ ‫االيرادات السياحية‬
‫)‪Transfers (net‬‬ ‫""‬ ‫‪8.2‬‬ ‫‪10.5‬‬ ‫‪13.1‬‬ ‫‪8.4‬‬ ‫""‬ ‫التحويالت (صافى)‬
‫‪Suez canal dues‬‬ ‫""‬ ‫‪4.7‬‬ ‫‪4.5‬‬ ‫‪5.1‬‬ ‫‪2.7‬‬ ‫""‬ ‫رسوم المرور فى قناة السويس‬
‫‪11- Debt Indicators‬‬ ‫‪-11‬المؤشرات الخارجية‬
‫‪a. Net International Reserves‬‬ ‫)‪($bn.‬‬ ‫‪31.3‬‬ ‫‪35.2‬‬ ‫‪26.6‬‬ ‫مليار دوالر ‪18.1‬‬ ‫أ ‪ -‬صافى االحتياطيات الدولية‬
‫‪b. Int. Reserves / 1 mo. Imports‬‬ ‫‪Month‬‬ ‫‪7.5‬‬ ‫‪8.6‬‬ ‫‪6.3‬‬ ‫‪3.7‬‬ ‫شهرا‬ ‫ب‪ -‬عدد شهور الواردات التى تغطيها االحتياطيات‬
‫‪c. Total External Debt‬‬ ‫)‪($bn.‬‬ ‫‪31.5‬‬ ‫‪33.7‬‬ ‫‪34.9‬‬ ‫مليار دوالر ‪33.7‬‬ ‫ج ‪ -‬إجمالى الدين الخارجى‬
‫)‪d. Debt/ GDP (%‬‬ ‫‪16.9‬‬ ‫‪15.9‬‬ ‫‪15.2‬‬ ‫‪12.9‬‬ ‫د‪ -‬نسبة الدين الخارجى ‪ /‬الناتج المحلى االجمالى (‪)%‬‬
‫‪e. Debt Service / Exports G&S‬‬ ‫هـ‪ -‬نسبة خدمة الدين الخارجى ‪ /‬الصادرات السلعية‬
‫)‪(Annually) (%‬‬ ‫‪6.4‬‬ ‫‪5.5‬‬ ‫‪5.7‬‬ ‫‪6.2‬‬ ‫والخدمية (سنوى) (‪)%‬‬
‫‪f. Per Capita Debt‬‬ ‫)‪($‬‬ ‫‪418.6‬‬ ‫‪399.2‬‬ ‫‪413.6‬‬ ‫‪386.8‬‬ ‫دوالر‬ ‫و‪ -‬متوسط نصيب الفرد من الدين الخارجى‬
‫‪12- Exchange Rate‬‬ ‫)‪($ per L.E.‬‬ ‫‪0.179‬‬ ‫‪0.176‬‬ ‫‪0.168‬‬ ‫‪0.166‬‬ ‫بالدوالر‬ ‫‪ - 12‬سعر صرف الجنيه المصرى‬
‫‪13- L.E. Exchange Rate against‬‬ ‫‪ - 13‬تطور سعر الصرف مقابل‬
‫‪Foreign Currencies :‬‬ ‫‪Piaster‬‬ ‫بالقرش‬ ‫العمالت األجنبية ‪:‬‬
‫‪US Dollar‬‬ ‫"‬ ‫‪558.7‬‬ ‫‪568.1‬‬ ‫‪595.6‬‬ ‫‪601.7‬‬ ‫"‬ ‫الدوالر األمريكى‬
‫‪Pound Sterling‬‬ ‫"‬ ‫‪909.5‬‬ ‫‪853.0‬‬ ‫‪953.7‬‬ ‫‪926.1‬‬ ‫"‬ ‫الجنيه االسترلينى‬
‫‪EURO‬‬ ‫"‬ ‫‪779.4‬‬ ‫‪697.5‬‬ ‫‪861.2‬‬ ‫‪774.9‬‬ ‫"‬ ‫اليـورو‬
‫‪100 Japanese Yen‬‬ ‫"‬ ‫‪579.6‬‬ ‫‪640.4‬‬ ‫‪740.6‬‬ ‫‪773.7‬‬ ‫"‬ ‫‪ 100‬ين يابانى‬
‫‪SDR's‬‬ ‫"‬ ‫‪860.9‬‬ ‫‪840.1‬‬ ‫‪953.2‬‬ ‫‪920.8‬‬ ‫"‬ ‫وحدة حقوق السحب الخاصة‬
‫)‪14-Average credit interest rates for one year (%‬‬ ‫‪12.1‬‬ ‫‪11.1‬‬ ‫‪11.0‬‬ ‫‪11.8‬‬ ‫‪ -14‬متوسط سعر العائد على القروض لمدة سنة (‪)%‬‬

‫‪(*) July/Dec. .‬‬ ‫(*) يوليو‪ /‬ديسمبر ‪.‬‬

‫‪(**) Provisional .‬‬ ‫(**) مبدئى ‪.‬‬
‫‪Source: Central Bank of Egypt - Monthly Statistical Bulletin.‬‬ ‫المصدر‪ :‬البنك المركزى المصرى ‪ -‬النشرة االحصائية الشهرية ‪.‬‬
‫‪Central Bank of Egypt - Economic Review.‬‬ ‫البنك المركزى المصرى ‪ -‬المجلة االقتصادية ‪.‬‬
‫) ‪Main Economic Indicators ( Cont.‬‬ ‫تابع ‪ -‬المؤشـــرات االقـتصاديــة الرئيسيــة‬
‫*‪2009‬‬ ‫*‪2010‬‬ ‫*‪2011‬‬ ‫‪2011‬‬ ‫‪2011‬‬
‫)‪Financial Soundness Indicators for the Banking Sector (%‬‬ ‫‪June‬‬ ‫‪June‬‬ ‫‪June‬‬ ‫‪Sept.‬‬ ‫‪Dec.‬‬ ‫مؤشرات السالمة المالية للقطاع المصرفى (‪)%‬‬

‫‪Capital Adequacy‬‬ ‫كفاية رأس المال‬

‫‪Net worth to assets‬‬ ‫‪6.4‬‬ ‫‪6.7‬‬ ‫‪6.4‬‬ ‫‪6.5‬‬ ‫‪6.2‬‬ ‫حقوق الملكية إلى االصول‬
‫‪Assets Quality‬‬ ‫جودة األصول‬
‫‪Nonperforming loans to total loans‬‬ ‫‪13.4‬‬ ‫‪13.6‬‬ ‫‪11.0‬‬ ‫‪11.0‬‬ ‫‪10.9‬‬ ‫القروض غير المنتظمة إلى إجمالى القروض‬
‫‪Loan provision to nonperforming loans‬‬ ‫‪100.4‬‬ ‫‪92.5‬‬ ‫‪93.6‬‬ ‫‪93.7‬‬ ‫‪94.6‬‬ ‫مخصصات القروض إلى القروض غير المنتظمة‬
‫‪Loan to private sector to loans to customers‬‬ ‫‪81.0‬‬ ‫‪80.5‬‬ ‫‪81.0‬‬ ‫‪81.1‬‬ ‫‪81.1‬‬ ‫القروض المقدمة للقطاع الخاص إلى إجمالى القروض الممنوحة للعمالء‬
‫‪Earnings‬‬ ‫الربحية‬
‫** ‪Return on averge assets‬‬ ‫‪0.8‬‬ ‫‪1.0‬‬ ‫‪1.0‬‬ ‫‪1.0‬‬ ‫‪1.0‬‬ ‫العائد على متوسط األصول **‬
‫** ‪Return on averge equity‬‬ ‫‪13.0‬‬ ‫‪14.3‬‬ ‫‪14.3‬‬ ‫‪14.3‬‬ ‫‪14.3‬‬ ‫العائد على متوسط حقوق الملكية **‬
‫** ‪Net interest margin‬‬ ‫‪2.2‬‬ ‫‪2.3‬‬ ‫‪2.3‬‬ ‫‪2.3‬‬ ‫‪2.3‬‬ ‫صافى هامش العائد **‬
‫‪Liquidity‬‬ ‫السيولة‬
‫‪Liquidity ratio‬‬ ‫متوسط نسبة السيولة الفعلية لدى البنوك‬
‫‪Local currency‬‬ ‫‪43.4‬‬ ‫‪44.7‬‬ ‫‪55.3‬‬ ‫‪55.8‬‬ ‫‪55.4‬‬ ‫بالعملة المحلية‬
‫‪Foreign currency‬‬ ‫‪41.0‬‬ ‫‪40.6‬‬ ‫‪51.1‬‬ ‫‪50.4‬‬ ‫‪51.1‬‬ ‫بالعمالت األجنبية‬
‫)‪(1‬‬ ‫( ‪)1‬‬
‫‪Securities / Assets‬‬ ‫‪13.8‬‬ ‫‪18.0‬‬ ‫‪17.8‬‬ ‫‪18.1‬‬ ‫‪18.2‬‬ ‫‪ /‬األصول‬ ‫األوراق المالية‬
‫‪Deposits / Assets‬‬ ‫‪82.4‬‬ ‫‪81.0‬‬ ‫‪75.8‬‬ ‫‪75.6‬‬ ‫‪75.4‬‬ ‫الودائع ‪ /‬األصول‬
‫‪Loans / Deposits‬‬ ‫‪52.7‬‬ ‫‪51.8‬‬ ‫‪49.5‬‬ ‫‪49.2‬‬ ‫‪50.0‬‬ ‫القروض ‪ /‬الودائع‬
‫‪In local currency‬‬ ‫‪46.5‬‬ ‫‪44.0‬‬ ‫‪45.0‬‬ ‫‪44.7‬‬ ‫‪46.0‬‬ ‫بالعملة المحلية‬
‫‪In foreign currency‬‬ ‫‪69.3‬‬ ‫‪75.8‬‬ ‫‪63.5‬‬ ‫‪63.6‬‬ ‫‪63.0‬‬ ‫بالعمالت األجنبية‬

‫‪(*) Fiscal year ends at June 30th for public sector banks, and December 31stStatements‬‬ ‫(*) السنة المالية تنتهى فى ‪ 30‬يونية لبنوك القطاع العام و‪ 31‬ديسمبر للبنوك االخرى ‪-‬‬
‫‪for other banks-Audited Financial .‬‬ ‫قوائم مالية مدققة ( تتضمن فروع البنك الخارجية ) ‪.‬‬
‫‪(**) As per latest Fiscal Year End .‬‬ ‫(**) وفقا ً للموقف فى اخرسنة مالية معتمدة ‪.‬‬
‫‪(1) Excluding T-bills and including CBE notes .‬‬ ‫(‪ )1‬التشمل أذون الخزانة و تتضمن صكوك البنك المركزى ‪.‬‬
‫‪Source : Central Bank of Egypt - Monthly Statistical Bulletin .‬‬ ‫المصدر ‪ :‬البنك المركزى المصرى ‪ -‬النشرة االحصائية الشهرية ‪.‬‬
1/1 National Bank of Egypt ‫ البنك األهلى المصـــرى‬1/1
1/1a. Balance sheet as at 30 June ‫ يونيو‬30 ‫ (أ) الميزانية فى‬1/1
( L.E.mn.) ) ‫( مليون جنيه‬
Statement 2010 2011 ‫البيــــــان‬
Assets ‫األصول‬
Cash and due from CBE 15,631 18,007 ‫نقدية وأرصدة لدى البنك المركزى‬
Due from banks 58,502 29,285 ‫أرصدة لدى البنوك‬
Treasury bills and government notes 66,838 77,294 ‫أذون خزانة وأوراق حكومية‬
Trading financial assets 75 53 ‫أصول مالية بغرض المتاجرة‬
Loans & advances to banks 98 143 ‫قروض وتسهيالت للبنوك‬
Loans & advances to customers 81,591 84,938 ‫قروض و تسهيالت للعمالء‬
Financial derivatives 239 73 ‫مشتقات مالية‬
Financial investments available for sale 49,518 66,760 ‫استثمارات مالية متاحة للبيع‬
Financial investments held to maturity 3,298 274 ‫استثمارات مالية محتفظ بها حتى تاريخ االستحقاق‬
Financial investments in subsidiaries and associates 7,739 7,640 ‫استثمارات مالية فى شركات تابعة و شقيقة‬
Other assets 14,882 20,062 ‫أصول أخرى‬
Deferred tax assets 387 520 ‫أصول ضريبية مؤجلة‬
Fixed assets (net of accumulated depreciation) 1,201 1,360 ) ‫أصول ثابتة ( بعد خصم مجمع االهالك‬
Total Assets 299,999 306,409 ‫إجمالى األصول‬
Liabilities & Shareholders' Equity ‫االلتزامات وحقوق المساهمين‬
Liabilities ‫االلتزامات‬
Due to banks 24,415 9,602 ‫أرصدة مستحقة للبنوك‬
Customers’ deposits 244,728 261,090 ‫ودائع العمالء‬
Dividend creditors 213 - ‫دائنو توزيعات‬
Financial derivatives 3 87 ‫مشتقات مالية‬
Other loans 6,552 10,347 ‫قروض أخرى‬
Other liabilities 6,989 7,904 ‫إلتزامات أخرى‬
Current income tax liabilities 66 44 ‫إلتزامات ضرائب الدخل الجارية‬
Other provisions 2,683 2,116 ‫مخصصات أخرى‬
pension benefits' liabilities 999 1,149 ‫التزامات مزايا التقاعد‬
Total liabilities 286,648 292,339 ‫إجمالى االلتزامات‬
Shareholders' Equity ‫حقوق الملكية‬
Paid -up Capital 2,250 7,000 ‫رأس المال المدفوع‬
Reserves 10,717 4,741 ‫احتياطيات‬
Retained profit (loss) 384 2,329 ‫أرباح ( خسائر ) محتجزة‬
Total shareholders' equity 13,351 14,070 ‫إجمالى حقوق الملكية‬
Total Liabilities & Shareholders' Equity 299,999 306,409 ‫إجمالى االلتزامات و حقوق الملكية‬
Contingent Liabilities & Commitments ‫التزامات عرضية وارتباطات‬
Liabilities against letters of guarantee & documentary 140,263 147,947 ‫التزامات مقابل خطابات ضمان واعتمادات‬
Credits and other commitments ‫مستندية وارتباطات أخرى‬
Source : National Bank of Egypt. . ‫ البنك األهلى المصرى‬: ‫المصدر‬
1/1 (b) Income Statement ‫ (ب) قائمة الدخل‬1/1
as at 30 June ‫ يونيو‬30‫فى‬
( L.E.mn.) ) ‫( مليون جنيه‬
Statement 2010 2011 ‫البيــــــان‬

Interest form loans and similar revenues 20,951 21,581 ‫عائد القروض واإليرادات المشابهة‬
Cost of deposits and similar costs (15,409) (16,975) ‫تكلفة الودائع والتكاليف المشابهة‬
Net interest income 5,542 4,606 ‫صافى الدخل من العائد‬

Commissions and fees revenus 1,633 1,708 ‫إيرادات األتعاب و العموالت‬

Commissions and fees expenses (7) (23) ‫مصروفات األتعاب و العموالت‬
Net income from commissions and fees 1,626 1,685 ‫صافى الدخل من األتعاب والعموالت‬

Dividends 274 261 ‫توزيعات األرباح‬

Net trading income 500 678 ‫صافى دخل المتاجرة‬
Profit (loss) from financial investments (186) (243) ‫أرباح (خسائر) االستثمارات المالية‬
Reversal (provision) of impairment of credit loss (766) 1,104 ‫رد (عبء) االضمحالل عن خسائر االئتمان‬
Other operating revenus (expenses) (83) (135) ‫إيرادات (مصروفات) تشغيل أخرى‬
Administrative expenditure (3,237) (3,786) ‫مصروفات إدارية‬
Profit before income tax 3,670 4,170 ‫الربح قبل ضرائب الدخل‬
Income tax revenues (expenses) (1,585) (2,063) ‫(مصروفات) إيرادات ضرائب الدخل‬

Net profit for the year 2,085 2,107 ‫صافى أرباح السنة‬

Earnings per share (EGP) 0.80 0.75 ) ‫ربحية السهم فى صافى أرباح السنة (بالجنيه‬
Source : National Bank of Egypt. . ‫ البنك األهلى المصرى‬: ‫المصدر‬
‫)‪1/1 ( c ) Gross Sales & Redemptions (+‬‬ ‫‪( 1/1‬ج) إجمالى المبيعات واالستردادات (‪)+‬‬
‫‪of Savings Certificates‬‬ ‫لشهادات االستثمار للمجموعات الثالث‬
‫)‪( L.E.mn.‬‬ ‫) مليون جنيه (‬
‫‪End of‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫فى نهاية‬
‫‪Dec.‬‬ ‫‪Dec.‬‬ ‫‪Oct.‬‬ ‫‪Nov.‬‬ ‫‪Oct.‬‬ ‫‪Nov.‬‬
‫) ‪Appreciation Bonds ( A‬‬ ‫ذات القيمة المتزايدة ( أ )‬
‫‪Sales‬‬ ‫‪32,334.6 36,100.8 31,849.5 32,094.9‬‬ ‫‪34,480.4‬‬ ‫‪35,326.2‬‬ ‫المبيعات‬
‫‪Redemptions‬‬ ‫‪16,398.8 19,039.2 16,082.8 16,250.4‬‬ ‫‪17,894.7‬‬ ‫‪18,486.1‬‬ ‫االستردادات‬
‫) ‪Current Income Bonds ( B‬‬ ‫ذات العائد الجارى ( ب )‬
‫‪Sales‬‬ ‫‪139,629.6 150,948.3 137,985.1 138,962.9 146,178.8 148,410.1‬‬ ‫المبيعات‬
‫‪Redemptions‬‬ ‫‪62,317.0 72,286.7 61,027.6 61,815.2‬‬ ‫‪67,836.1‬‬ ‫‪69,837.6‬‬ ‫االستردادات‬
‫) ‪Lottery Bonds (C‬‬ ‫ذات الجوائز ( ج )‬
‫‪Sales‬‬ ‫‪1,099.3‬‬ ‫‪1,125.7‬‬ ‫‪1,094.8‬‬ ‫‪1,097.0‬‬ ‫‪1,121.2‬‬ ‫‪1,122.8‬‬ ‫المبيعات‬
‫‪Redemptions‬‬ ‫‪905.5‬‬ ‫‪930.3‬‬ ‫‪901.2‬‬ ‫‪903.3‬‬ ‫‪925.4‬‬ ‫‪927.9‬‬ ‫االستردادات‬
‫‪Total‬‬ ‫اإلجمالى‬
‫‪Sales‬‬ ‫‪173,063.5 188,174.8 170,929.4 172,154.8 181,780.4 184,859.1‬‬ ‫المبيعات‬
‫‪Redemptions‬‬ ‫‪79,621.3 92,256.2 78,011.6 78,968.9‬‬ ‫‪86,656.2‬‬ ‫‪89,251.6‬‬ ‫االستردادات‬

‫)‪1/1(d) Net Sales of Savings Certificates(+‬‬ ‫‪( 1/1‬د) توزيع صافى مبيعات شهادات االستثمار(‪)+‬‬
‫)‪according to ownership ( L.E.mn.‬‬ ‫( مليون جنيه )‬ ‫حسب الملكية‬
‫‪Net Sales‬‬ ‫صــافى المبيعــات‬
‫‪Personne naturelles‬‬ ‫‪52,105.8‬‬ ‫‪52,514.8‬‬ ‫‪52,132.4 52,093.9‬‬ ‫‪52,152.7‬‬ ‫‪52,430.6‬‬ ‫أشخاص طبيعيون‬
‫‪Personne morales‬‬ ‫‪41,336.4‬‬ ‫‪43,403.8‬‬ ‫‪40,785.4 41,092.0‬‬ ‫‪42,971.5‬‬ ‫‪43,176.9‬‬ ‫أشخاص اعتباريون‬
‫‪Total‬‬ ‫‪93,442.2‬‬ ‫‪95,918.6‬‬ ‫‪92,917.8 93,185.9‬‬ ‫‪95,124.2‬‬ ‫‪95,607.5‬‬ ‫اإلجمالى‬
‫‪(+) Accumulated Balances .‬‬ ‫(‪ )+‬أرصدة تراكمية ‪.‬‬
‫‪Source : National Bank of Egypt.‬‬ ‫المصدر ‪ :‬البنك األهلى المصرى ‪.‬‬
1/2 Banks' Aggregate Position (*) )*( ‫ الميزانية اإلجمالية للبنوك‬2/1
1/2 (a) Aggregate Position ‫ (أ) الميزانية اإلجمالية‬2/1
( L.E.mn.) ( ‫) مليون جنيه‬
End of 2010 2011 2010 2011 ‫فى نهاية‬
Dec. Dec. Oct. Nov. Oct. Nov.
Assets ‫األصول‬
Cash & reserve balances with CBE 79,135.8 85,305.9 71,106.1 80,787.3 66,015.8 83,601.3 ‫نقدية وأرصدة احتياطية لدى البنك المركزى‬
Balances with banks 217,591.6 128,609.7 230,735.8 213,200.4 150,662.9 129,032.9 ‫أرصدة لدى البنوك‬
Treasury bills & government securities 207,874.8 271,445.2 211,559.8 208,812.1 257,861.6 262,630.0 ‫أذون خزانة وأوراق مالية حكومية‬
Total investment 237,173.0 237,810.0 224,532.4 235,234.5 231,804.6 234,361.2 ‫إجمالى االستثمارات‬
Total loans for banks & customers 456,903.0 487,487.2 470,447.5 473,720.9 479,984.4 484,706.4 ‫إجمالى القروض للعمالء والبنوك‬
Other assets 84,232.1 97,368.0 105,056.3 112,331.1 122,861.7 133,216.1 ‫أصول أخرى‬
Total Assets 1,282,910.3 1,308,026.0 1,313,437.9 1,324,086.3 1,309,190.9 1,327,547.9 ‫إجمالى األصول‬
Liabilities ‫الخصوم‬
Balances due to banks 85,519.6 41,018.3 92,644.2 95,401.7 36,712.5 35,421.0 ‫أرصدة مستحقة للبنوك‬
Re-purchase for one night - - - - - - ‫عمليات إعادة الشراء لمدة ليلة واحدة‬
Due cheques & transfers periodic L/Cs 6,241.7 5,266.1 4,858.0 4,392.6 4,636.3 4,893.0 ‫شيكات وحواالت وخطابات اعتماد دورية مستحقة الدفع‬
Deposits 943,972.0 981,258.3 929,586.6 928,949.6 973,009.0 971,708.8 ‫ودائع‬
Isued bonds 925.0 720.0 965.0 965.0 760.0 760.0 ‫سندات مصدرة‬
Long term loans 24,396.3 25,741.9 25,590.1 24,729.1 25,343.7 25,340.0 ‫قروض طويلة األجل‬
Provisions 54,025.8 52,915.3 73,472.0 73,026.7 52,577.4 52,735.7 ‫مخصصات‬
Shared holders 80,059.9 81,652.1 77,064.4 77,880.1 83,858.7 81,886.9 ‫حقوق المساهمين‬
Other liabilities 87,770.0 119,454.0 109,257.6 118,741.5 132,293.2 154,802.5 ‫خصوم أخـرى‬
Total Liabilities 1,282,910.3 1,308,026.0 1,313,437.9 1,324,086.3 1,309,190.9 1,327,547.9 ‫إجمالى الخصوم‬
Contra accounts 223,200.0 209,764.3 202,167.4 203,909.6 204,962.5 204,398.8 ‫حسابات نظامية‬
(*) Excluding Central Bank of Egypt . . ‫(*) ال تشمل البنك المركزى المصرى‬
Source : Central Bank of Egypt . . ‫ البنك المركزى المصرى‬: ‫المصدر‬
1/2 (b) Deposits (*) )*( ‫ (ب) الودائــــــــع‬2/1
( L.E.mn.) ) ‫( مليون جنيه‬

End of 2010 2011 2010 2011 ‫فى نهاية‬

Dec. Dec. Oct. Nov. Oct. Nov.

Demend call deposits 122,406.8 127,813.8 124,682.7 121,182.5 134,281.1 132,569.3 ‫ودائع تحت الطلب‬
Savings deposits 217,477.3 228,513.4 212,322.1 212,944.0 230,393.4 226,985.0 ‫ودائع التوفير‬
Time and Notice Deposits 316,306.2 304,659.4 309,824.9 310,871.8 298,276.6 296,748.9 ‫ودائع ألجل وباخطار‬
For one year 302,143.3 283,700.2 296,704.1 296,256.8 280,060.6 277,546.6 ‫تستحق خالل سنة‬
Over one year 14,162.9 20,959.2 13,120.8 14,615.0 18,216.0 19,202.3 ‫تستحق بعد سنة‬
Time deposits bloked for the bank against gurantees 20,529.4 21,915.7 19,313.6 19,636.5 20,736.2 21,080.4 ‫ودائع ألجل مجمدة لصالح البنك مقابل ضمانات‬
Certificates of saving and Deposits 252,655.8 282,409.3 248,250.0 249,436.3 272,499.7 277,787.7 ‫شهادات ادخار وإيداع‬
Less than 3 years 854.0 734.9 913.1 870.2 779.0 761.8 . ‫ سنوات‬3 ‫أنظمة ادخارية ذات أجل أقل من‬
3 years to over than 3 years 248,683.6 278,529.8 244,175.8 245,446.3 268,650.5 273,948.3 . ‫ سنوات فأكثر‬3 ‫أنظمة ادخارية ذات أجل‬
Certificates of deposits 3,118.2 3,144.6 3,161.1 3,119.8 3,070.2 3,077.6 . ‫شهادات إيداع‬
Time Deposits - Free and Payable 14,596.5 15,946.7 15,193.3 14,878.5 16,822.0 16,537.5 ‫ودائع أخرى‬
D/Cs with current - account cover 4,256.3 4,377.7 3,887.5 3,579.1 3,808.0 3,640.8 ‫غطاءات اعتمادات مستندية‬
Other bloked deposits 10,340.2 11,569.0 11,305.8 11,299.4 13,014.0 12,896.7 ‫ودائع مجمدة أخرى‬
Grand Total 943,972.0 981,258.3 929,586.6 928,949.6 973,009.0 971,708.8 ‫جملة الودائع‬
(*) Excluding Central Bank of Egypt . . ‫(*) ال تشمل البنك المركزى‬
Source : Central Bank of Egypt. . ‫ البنك المركزى المصرى‬: ‫المصدر‬
1/2 ( c ) Investments (*) )*( ‫ (ج) االستثمارات‬2/1
( L.E.mn. ) (‫) مليون جنيه‬

End of 2010 2011 2010 2011 ‫فى نهاية‬

Dec. Dec. Oct. Nov. Oct. Nov.

Trading financial investments 11,325.1 7,579.1 11,481.1 11,182.5 7,952.7 7,741.7 ‫استثمارات مالية بغرض المتاجرة‬
Investment in egypt 7,735.6 4,073.2 7,860.4 7,555.3 4,498.3 4,269.8 ‫استثمارات فى مصر‬
Investment abroad 3,589.5 3,505.9 3,620.7 3,627.2 3,454.4 3,471.9 ‫استثمارات فى الخارج‬

Financial investments available for sale 185,809.7 204,387.9 172,800.6 183,133.0 198,243.9 201,014.9 ‫استثمارات مالية متاحة للبيع‬
Investment in egypt 174,687.1 192,519.5 161,538.0 171,933.5 185,146.4 188,479.1 ‫استثمارات فى مصر‬
Investment abroad 11,122.6 11,868.4 11,262.6 11,199.4 13,097.5 12,535.8 ‫استثمارات فى الخارج‬

Financial investments held to maturity date 23,602.0 9,865.3 23,010.5 23,560.7 9,444.6 9,436.9 ‫استثمارات مالية محتفظ بها حتى تاريخ االستحقاق‬

Financial investments in subsidiaries and ‫استثمارات مالية في شركات تابعة وذات مصلحة‬
associates 16,436.2 15,977.7 17,240.2 17,358.3 16,163.4 16,167.7 ‫مشتركة‬

Investment in fixed assets 0.0 0.0 0.0 0.0 0.0 0.0 ‫استثمارات فى أصول ثابتة‬
Total investment 237,173.0 237,810.0 224,532.4 235,234.5 231,804.6 234,361.2 ‫إجمالى االستثمارات‬
(*) Excluding Central Bank of Egypt . . ‫(*) ال تشمل البنك المركزى‬
Source : Central Bank of Egypt. . ‫ البنك المركزى المصرى‬: ‫المصدر‬
1/2 (d) Loans to Customers and banks (*) )*( ‫ (د) قروض للعمالء والبنوك‬2/1
( L.E.mn.) ( ‫) مليون جنيه‬
End of 2010 2011 2010 2011 ‫فى نهاية‬
Dec. Dec. Oct. Nov. Oct. Nov.

Loans to customers 455,513.0 486,464.9 469,174.0 472,332.6 478,967.1 483,650.3 ‫قروض للعمالء‬
1- Guaranteed loans falling due during one year : 209,150.7 225,228.7 226,797.7 227,754.1 219,262.2 223,050.6 : ‫ قروض تستحق الدفع خالل سنة بضمان‬-1

Cotton 1,384.1 905.4 825.1 1,249.3 375.9 4,124.0 ‫قطن‬

Goods 1,326.7 1,227.6 1,375.7 1,376.6 1,228.2 1,253.1 ‫بضائع‬
Agricultural crops 225.4 144.8 226.8 223.9 97.4 103.2 ‫حاصالت زراعية‬
Securities 7,865.8 6,585.6 7,855.0 7,922.7 6,062.6 5,921.4 ‫أوراق مالية‬
Deposits 18,984.6 22,820.7 19,720.4 19,820.7 21,975.7 22,259.0 ‫ودائع‬
Comercial papers 1,888.2 1,986.9 1,729.6 1,750.7 1,915.0 1,944.2 ‫أوراق تجارية‬
Against assignment of debts & contracts 3,181.4 3,198.6 3,639.3 3,476.0 3,119.7 3,061.5 ‫مقابل التنازل عن ديون أو عقود‬
Real -estate mortgage 9,984.8 10,722.2 10,771.6 10,715.2 10,235.0 10,064.3 ‫رهن عقارى‬
With other inkind guarantees 31,376.7 29,350.4 32,663.7 31,900.2 29,228.8 29,545.2 ‫بضمانات عينية أخرى‬
Without inkind guarantees 132,933.0 148,286.6 147,990.5 149,318.8 145,023.9 144,774.7 ‫بدون ضمانات عينية‬

2- Guaranteed loans falling due after one Year: 246,362.3 261,236.2 242,376.3 244,578.4 259,704.9 260,599.7 : ‫ قروض تستحق الدفع بعد سنة بضمان‬-2
Real -estate mortgage 12,726.7 12,358.2 12,958.5 12,722.6 13,010.0 13,230.3 ‫رهن عقارى‬
With other inkind guarantees 68,693.4 72,427.3 66,221.2 68,933.4 73,402.5 75,542.8 ‫بضمانات عينية أخرى‬
Without inkind guarantees 164,942.2 176,450.7 163,196.6 162,922.4 173,292.4 171,826.6 ‫بدون ضمانات عينية‬

Loans to Banks 1,390.0 1,022.3 1,273.5 1,388.4 1,017.3 1,056.1 ‫قروض للبنوك‬
Local banks 759.1 700.1 626.2 757.8 685.4 698.0 ‫بنوك محلية‬
Foreign banks 630.9 322.2 647.3 630.6 331.9 358.1 ‫بنوك أجنبية‬
Total Loans 456,903.0 487,487.2 470,447.5 473,720.9 479,984.4 484,706.4 ‫إجمالى القروض‬
(*) Excluding Central Bank of Egypt . . ‫(*) ال تشمل البنك المركزى‬
Source : Central Bank of Egypt. . ‫ البنك المركزى المصرى‬: ‫المصدر‬
 1/3 Interest Rates ‫ أسعار الفائدة‬3/1
1/3 (a) Treasury - Bills Interest Rates and ‫ (أ) أسعار الفائدة على أذون الخزانة‬3/1
CBE's Discount Rate ‫وسعر الخصم بالبنك المركزى المصرى‬

Average Rate )%( ‫متوسـط السعر‬ )%( ‫سعر الخصم‬

At the end of ‫فى نهاية‬ 91 days (1) 182 days (2) 364 days (3) Discount Rate( % )

2008 March 5.7 7.8 7.1 9.0

June 9.7 10.4 11.0 9.0
Sept. 14.0 13.9 14.8 11.5
Dec. 11.4 11.5 11.5 11.5
2009 March 1.5 10.7 10.6 10.5
June 10.1 10.3 10.2 9.0
Sept. 9.6 9.7 9.8 8.5
Dec. 9.8 10.8 11.5 8.5
2010 March 9.7 10.0 10.6 8.5
June 10.2 10.5 10.9 8.5
Sept. 9.4 9.9 10.6 8.5
Dec. 9.3 10.1 10.7 8.5
2011 March 11.2 12.0 12.4 8.5
June 12.1 12.8 12.9 8.5
Sept. 13.0 13.3 13.6 8.5
Dec. 14.0 14.7 12.9 9.5

Source : Central Bank of Egypt. . ‫ البنك المركزى المصرى‬: ‫المصدر‬

1/3 (b) Interest Rates on L.E. ‫ (ب) أسعار الفائدة بالجنيه‬3/1
‫متوسط الجهاز المصرفى‬ ‫البنك األهلى المصرى‬
Period (%) Average of the Banking System National Bank of Egypt )%( ‫تاريخ سريان سعر الفائدة‬
2010 2011 2011 2010 2011 2011
June June Dec. June June Dec.
1- Deposits : ‫ الودائع‬-1
For 2 months & less than 3 months 5.23 5.18 5.37 5.50 5.25 5.75 ‫شهور‬3 ‫لمدة شهرين وأقل من‬
For 3 months & less than 6 months 5.63 5.6 5.78 6.00 5.50 6.00 ‫شهور‬6 ‫شهور وأقل من‬3 ‫لمدة‬
For 6 months & less than a year 6.15 6.08 6.31 6.75 6.25 6.75 ‫شهور وأقل من سنة‬6 ‫لمدة‬
For a year & less than 2 years 6.39 6.28 6.59 7.00 6.50 7.00 ‫لمدة سنة وأقل من سنتين‬
For 2 years & less than 3 years 6.46 6.29 6.63 7.00 6.50 7.00 ‫ سنوات‬3 ‫لمدة سنتين وأقل من‬
For 3 years & less than 4 years 6.97 6.59 6.78 7.00 6.75 7.25 ‫ سنوات‬4 ‫سنوات وأقل من‬3 ‫لمدة‬
For 5 years & less than6 years 7.09 6.66 6.84 7.00 7.00 7.50 ‫سنوات‬6 ‫سنوات وأقل من‬5 ‫لمدة‬
Savings 6.34 6.25 6.65 7.00 6.50 6.75 ‫ودائع التوفير باإلطالع سنوى‬
Variable monthly income certificates 8.25 8.25 - 8.25 8.25 8.00 ‫الشهادات ذات االيراد الشهري‬
Small saver saving book 6.25 6.25 6.25 7.00 6.50 6.75 ‫دفتر توفير المدخر الصغير‬
Early retirement saving book 7.00 7.00 7.00 7.00 6.50 6.75 ‫دفتر توفير المعاش‬
Platinuim certificate (**) 9.13 9.10 10.5 9.00 9.00 11.50 )**( ‫الشهادة البالتينية‬

2- Investment Certificates (%) June 2009 June 2010 June 2011 Dec. 2011 )%( ‫ شهادات االستثمار‬-2
(A) (B) (A) (B) (A) (B) (A) (B)
9.50 10.0 9.0 9.5 9.0 9.5 11.0 11.5

(**) A fixed rate three-year saving pool . It is introduced by several banks under different names.
.‫(**) وعاء إدخارى بعائد ثابت مدته ثالثة سنوات ويختلف مسماه من بنك آلخر‬
Source : National Bank of Egypt . . ‫ البنك األهلى المصرى‬: ‫المصدر‬
2/1 Population ‫السكــــــان‬1/2
( In ooo's) (‫) باأللف نسمة‬

Year 2007 2008 2009 2010 2011(*) ‫السنة‬

Total Population of A.R.E (1st July) 77.5 79.1 83.5 84.5 87.1 )‫إجمالى عدد سكان الجمهورية (أول يوليو‬
Total Population Abroad 3.9 3.9 6.7 6.7 6.7 ‫إجمالى عدد السكان بالخارج‬
Total Population in A.R.E 73.6 75.2 76.8 77.8 80.4 ‫إجمالى عدد السكان بالداخل‬
Population less than 6 year 9.4 10.7 10.9 9.9 10.2 ‫ سنوات‬6 ‫السكان أقل من‬
‫ ـ‬Males 4.8 5.5 5.6 5.1 5.2 ‫ ذكور‬-
‫ ـ‬Females 4.6 5.2 5.3 4.8 5.0 ‫ إناث‬-
Education age (6-24 years) 30.5 30.1 30.7 32.3 33.4 )‫ سنة‬24-6( ‫سن التعليم‬
‫ ـ‬Males 15.7 15.5 15.8 16.6 17.2 ‫ ذكور‬-
‫ ـ‬Females 14.8 14.6 14.9 15.7 16.2 ‫ إناث‬-
Production age (15-64 years) 47.5 48.5 49.6 50.2 51.9 )‫ سنة‬64-15( ‫سن االنتاج‬
‫ ـ‬Males 24.2 24.7 25.2 25.5 26.4 ‫ ذكور‬-
‫ ـ‬Females 23.3 23.8 24.4 24.7 25.5 ‫ إناث‬-
65 Years and more 2.7 2.8 2.9 2.9 3.0 ‫ سنة فأكثر‬65 ‫كبار السن‬
‫ ـ‬Males 1.4 1.5 1.5 1.5 1.6 ‫ ذكور‬-
‫ ـ‬Females 1.3 1.3 1.4 1.4 1.4 ‫ إناث‬-
Rate of Births (per thousand) 26.5 27.3 28.8 28.7 - )‫معدل المواليد (فى األلف‬
Rate of Deaths (per thousand) 6.1 6.1 6.2 6.1 - )‫معدل الوفيات (فى األلف‬
Rate of Natural Increase (per thousand) 20.4 21.2 22.6 22.6 - )‫معدل الزيادة الطبيعية (فى األلف‬
(*) provisional . . ‫(*) مبدئى‬
Central Bank of Egypt - Monthly Statistical Bulletin . . ‫ النشرة االحصائية الشهرية‬- ‫البنك المركزى المصرى‬
2/2 Employment ‫ العمالــــة‬2/2
Distribution of Employment According to Economic Sectors ‫توزيع العمالة على قطاعات النشاط االقتصادى‬
( ooo's ) ( ‫) العدد باأللف عامل‬
2009/2010 2010/2011
Estimated Projected
Sectors
‫متوقع‬ ‫مستهدف‬
‫العدد‬ (%) ‫العدد‬ (%) ‫القطاعــات‬
Agriculture and Irrigation 5,690.0 25.8 5,784.0 25.4 ‫الزراعة والرى‬
Extractions Industries 127.6 0.6 134.7 0.6 ‫الصناعة االستخراجية‬
Manufacturing Industries 2,997.8 13.6 3,130.0 13.8 ‫الصناعة التحويلية‬
Elecricity and Water 325.4 1.5 338.4 1.5 ‫الكهرباء والمياه‬
Construction & Building 1,785.0 8.1 1,870.0 8.2 ‫التشييد والبناء‬
Transportation, Storage and Communications 1,111.7 5.0 1,171.9 5.2 ‫النقل والتخزين واالتصاالت‬
Wholesale & Retail Trade 2,050.0 9.3 2,145.0 9.4 ‫تجارة الجملة والتجزئة‬
Financial Intermediation and Insurance 250.0 1.1 260.0 1.1 ‫الوساطة المالية والتأمين‬
Hotels & Restaurants 430.0 2.0 467.5 2.1 ‫المطاعم والفنادق‬
Real Estate 705.0 3.2 719.0 3.2 ‫األنشطة العقارية‬
General Government Services 4,998.0 22.7 5,053.0 22.2 ‫الخدمات الحكومية العامة‬
Educational, Health and Social Services 1,564.5 7.1 1,671.5 7.3 ‫الخدمات التعليمية والصحية واالجتماعية‬
Grand Total 22,035.0 100.0 22,745.0 100.0 ‫اإلجمالى العام‬

Source :Ministry of Planning - Economic and Social Development Plan . . ‫ خطة التنمية االقتصادية واالجتماعية‬- ‫ وزارة التخطيط‬: ‫المصدر‬
 2/3 National Accounts ‫ الحسابات القومية‬3/2
2/3 (a) Gross Domestic Product Estimates at Current Prices ‫ (أ) تقديرات الناتج المحلى اإلجمالى باالسعار الجارية‬3/2
( L.E.bn.) (‫) مليار جنيه‬
2009/2010 2010/2011 2011/2012
Sectors Estimated ‫القطاعــات‬
‫متوقع‬
Agriculture, forests and fishing 161.0 190.2 208.4 ‫الزراعة والغابات والصيد‬
Mining 165.7 195.2 246.8 ‫االستخراجات‬
Oil 68.5 81.6 110.6 ‫البترول‬
Natural gas 92.5 108.2 130.4 ‫الغاز‬
Other 4.7 5.4 5.8 ‫إستخراجات أخرى‬
Manufacturing 194.3 216.2 252.2 ‫الصناعات التحويلية‬
Refinery 12.5 14.8 19.2 ‫تكرير البترول‬
Other 181.8 201.4 233.0 ‫تحويلية أخرى‬
Electricity 14.9 16.8 19.6 ‫الكهرباء‬
Water 3.4 3.7 4.2 ‫المياه‬
Drainage 0.8 0.9 1.1 ‫الصرف الصحى‬
Construction & building 52.6 60.1 70.2 ‫التشيد والبناء‬
Transport & storage 47.4 53.4 59.5 ‫النقل والتخزين‬
Communications 34.8 37.3 42.0 ‫االتصاالت‬
Information 2.4 2.7 3.1 ‫المعلومات‬
Suez canal 25.8 29.3 32.7 ‫قناة السويس‬
Whole & retail trade 133.8 150.7 161.4 ‫تجارة الجملة والتجزئة‬
Financial intermediary & support activities 41.2 44.8 50.7 ‫المال‬
Insuarance 3.9 4.3 4.5 ‫التأمين‬
Social solidarity 37.7 43.3 46.7 ‫التأمينات االجتماعية‬
Hotels & restaurants 40.0 41.8 49.5 ‫المطاعم والفنادق‬
Real-estate activities 30.3 34.0 37.6 ‫األنشطة العقارية‬
Real-estate ownership 15.4 17.3 18.9 ‫الملكية العقارية‬
Business services 14.9 16.7 18.7 ‫خدمات األعمال‬
Public government 114.9 133.7 151.4 ‫الحكومة العامة‬
Social services 45.7 51.5 56.4 ‫الخدمات االجتماعية‬
Education 12.8 14.6 15.8 ‫التعليم‬
Health 14.8 16.6 18.3 ‫الصحة‬
Other services 18.1 20.3 22.3 ‫الخدمات االخرى‬
Grand Total 1,150.6 1,309.9 1,498.0 ‫اإلجمالى العام‬

Source :Ministry of Planning - Economic and Social Development Plan . 0 ‫ خطة التنمية االقتصادية واالجتماعية‬- ‫ وزارة التخطيط‬: ‫المصدر‬
Monthly bulliten of Central Bank of Egypt . . ‫النشرة الشهرية للبنك المركزى المصرى‬
2/3 (b) Expenditure on Gross Domestic Product ‫ (ب) االنفاق على الناتج المحلى اإلجمالى‬3/2
at market prices ‫بسعر السوق‬
( L.E.bn. ) ) ‫( مليار جنيه‬

Items 2009/2010 2010/2011 2011/2012(*) ‫البيــــــان‬

Final Consumption 1,034.5 1,190.9 1,410.0 ‫االستهالك النهائى‬

Final government consumption 134.7 155.0 178.0 ‫الحكومى‬
Final private consumption 899.8 1,035.9 1,232.0 ‫الخاص‬

Gross capital formation 235.3 234.5 233.0 ‫التكوين الرأسمالى اإلجمالى‬

Investments 231.8 229.1 233.0 ‫االستثمارات‬
Change in stock 3.5 5.4 - ‫التغير فى المخزون‬
Exports of goods and services 257.6 282.0 306.0 ‫الصادرات السلعية و الخدمية‬
Imports of goods and services(-) 320.8 335.6 379.0 )-( ‫الواردات السلعية و الخدمية‬

GDP at market prices 1,206.6 1,371.8 1,570.0 ‫الناتج المحلى االجمالى بسعر السوق‬

(*) Estimated. . ‫(*) متوقع‬

Source :Ministry of Planning - Economic and Social 0 ‫ خطة التنمية االقتصادية واالجتماعية‬- ‫ وزارة التخطيط‬: ‫المصدر‬
Development Plan .
Central Bank of Egypt -Monthly Statistical Bulletin. . ‫ النشرة االحصائية الشهرية‬- ‫البنك المركزى المصرى‬
2/3 (C) Implemented Investment ‫ (ج) االستثمارات المنفذة‬3/2
( L.E.mn.) ( ‫) مليون جنيه‬

Sectors 2009/2010 2010/2011 2011/2012 (+) ‫القطاعــات‬

Agriculture, Irrigation and Fishing 6,743.1 6,204.7 6,882.2 ‫الزراعة والرى والصيد‬
Extractions 61,305.7 36,464.2 36,484.0 ‫االستخراجات‬
Crude oil 28,732.0 10,896.2 3,254.5 ‫بترول خام‬
Natural Gas 32,565.1 25,566.6 33,219.5 ‫غاز الطبيعى‬
Other extractions 8.6 1.4 10.0 ‫استخراجات أخرى‬
Manufacturing 25,536.7 24,761.7 30,622.4 ‫الصناعات التحويلية‬
Oil refining 3,115.4 3,878.3 8,381.6 ‫تكرير البترول‬
Other manufacturing 22,421.3 20,883.4 22,240.8 ‫تحويلية أخرى‬
Electricity 15,862.6 16,876.8 25,184.7 ‫الكهرباء‬
Water 8,414.2 6,927.7 3,150.8 ‫المياه‬
Drainage 9,089.9 8,295.8 4,097.6 ‫الصرف الصحى‬
Construction & building 4,163.1 5,757.2 2,567.0 ‫التشييد والبناء‬
Transportation & storage 27,080.2 22,036.7 32,477.8 ‫النقل والتخزين‬
Communications 19,451.3 19,743.5 11,285.0 ‫اإلتصاالت‬
Information - 2,981.1 2,633.0 ‫المعلومات‬
Suez Canal 564.5 526.1 650.0 ‫قناة السويس‬
Wholesale & retail trade 5,837.0 10,492.8 8,941.2 ‫تجارة الجملة و التجزئة‬
Tourism 4,383.5 5,739.1 6,593.1 ‫السياحة‬
Real-estate activities 17,369.9 32,915.4 31,022.0 ‫االنشطة العقارية‬
Others 26,025.5 29,343.6 30,409.2 ‫أخرى‬
Grand Total 231,827.2 229,066.4 233,000.0 ‫اإلجمالى العام‬

(+) Estimated . . ‫) متوقع‬+(

Source :Ministry of Planning - Economic and Social .‫ خطة التنمية االقتصادية واالجتماعية‬- ‫ وزارة التخطيط‬: ‫المصدر‬
Development Plan .
Monthly bulliten of Central Bank of Egypt . . ‫النشرة الشهرية للبنك المركزى المصرى‬
‫‪2/4 Consolidated Fiscal Operations of General Government‬‬ ‫‪ 4/2‬العمليات المالية الموحدة للحكومة العامة‬
‫‪2/4(a) Total Revenues‬‬ ‫‪(4/2‬أ) إجمالى اإليرادات‬
‫)‪( L.E.mn.‬‬ ‫( بالمليون جنيه )‬
‫‪2009/2010‬‬ ‫)*(‪2010/2011‬‬ ‫)*(‪2010/2011‬‬ ‫)*(‪2011/2012‬‬
‫‪Item‬‬ ‫‪July/Dec.‬‬ ‫‪July/Dec.‬‬
‫البيان‬

‫‪1- The Budget Sector‬‬ ‫‪ -1‬قطاع الموازنة العامة‬

‫‪Total Revenues‬‬ ‫‪268,114‬‬ ‫‪259,617‬‬ ‫‪99,745‬‬ ‫‪116,623‬‬ ‫إجمالى اإليرادات‬
‫‪(A) Tax Revenues‬‬ ‫‪170,494‬‬ ‫‪191,626‬‬ ‫‪75,437‬‬ ‫‪79,739‬‬ ‫(أ) اإليرادات الضريبية‬
‫‪Taxes on income , profits‬‬ ‫‪76,618‬‬ ‫‪89,642‬‬ ‫‪29,908‬‬ ‫‪32,566‬‬ ‫الضرائب على الدخول واألرباح‬
‫‪Taxes on property‬‬ ‫‪8,770‬‬ ‫‪9,133‬‬ ‫‪4,588‬‬ ‫‪5,917‬‬ ‫الضرائب على الممتلكات‬
‫‪Taxes on goods and services‬‬ ‫‪67,095‬‬ ‫‪75,892‬‬ ‫‪33,826‬‬ ‫‪34,707‬‬ ‫الضرائب على السلع والخدمات‬
‫‪Taxes on international trade‬‬ ‫‪14,702‬‬ ‫‪13,857‬‬ ‫‪6,858‬‬ ‫‪6,308‬‬ ‫ضرائب على التجارة الدولية (الجمارك)‬
‫‪Other taxes‬‬ ‫‪3,309‬‬ ‫‪3,102‬‬ ‫‪257‬‬ ‫‪241‬‬ ‫ضرائب أخرى‬
‫‪(B) Grants‬‬ ‫‪4,332‬‬ ‫‪1,723‬‬ ‫‪2,131‬‬ ‫‪5,960‬‬ ‫(ب ) المنح‬
‫‪(C) Other Revenues‬‬ ‫‪93,288‬‬ ‫‪66,268‬‬ ‫‪22,177‬‬ ‫‪30,924‬‬ ‫(جـ) إيرادات أخرى‬

‫‪2- NIB & SIFs‬‬ ‫‪ -2‬موازنة بنك االستثمار القومى وصناديق التأمينات االجتماعية‬

‫‪Total Revenues‬‬ ‫‪35,247‬‬ ‫‪36,724‬‬ ‫‪15,041‬‬ ‫‪19,403‬‬ ‫إجمالى اإليرادات‬

‫)‪Total Revenues (1+2‬‬ ‫‪303,361‬‬ ‫‪296,341‬‬ ‫‪114,786‬‬ ‫‪136,026‬‬ ‫إجمالى اإليرادات (‪)2+1‬‬

‫‪(*) Pre. Actual.‬‬ ‫(*) فعلى مبدئى‪.‬‬

‫‪Source: Central Bank of Egypt - Monthly Statistical Bulletin .‬‬ ‫المصدر ‪ :‬البنك المركزى المصرى ‪ -‬النشرة االحصائية الشهرية ‪.‬‬
2/4(b) Total Expenditures ‫(ب) إجمالى المصروفات‬4/2
( L.E.mn.) ) ‫( بالمليون جنيه‬
2009/2010 2010/2011(*) 2010/2011(*) 2011/2012(*)
Item July/Dec. July/Dec.
‫البيان‬

1- The Budget Sector ‫ قطاع الموازنة العامة‬-1

Total Expenditures 365,987 392,097 161,145 189,673 ‫إجمالى المصروفات‬
Compensations of employees 85,369 95,082 42,460 54,051 ‫األجور وتعويضات العاملين‬
Purchases of goods and services 28,059 23,785 9,271 8,253 ‫شراء السلع والخدمات‬
Interests 72,333 81,081 35,702 44,027 ‫الفوائد‬
Subsidies, grants and social benefits 102,975 122,834 41,559 56,923 ‫الدعم والمنح والمزايا اإلجتماعية‬
Other expenditures 28,901 31,363 15,883 14,920 ‫المصروفات األخرى‬
Purchases of non - financial assets 48,350 37,952 16,270 11,499 )‫شراء أصول غير مالية (االستثمارات‬
(investments)

2- NIB & SIFs ‫ موازنة بنك االستثمار القومى وصناديق التأمينات االجتماعية‬-2

Total Expenditures 30,781 38,544 13,418 24,155 ‫إجمالى المصروفات‬

Tatal Expenditure (1+2) 396,768 430,641 174,563 213,828 )2+1( ‫إجمالى المصروفات‬

(*) Pre. Actual. .‫(*) فعلى مبدئى‬

Source: Central Bank of Egypt - Monthly Statistical Bulletin . . ‫ النشرة االحصائية الشهرية‬- ‫ البنك المركزى المصرى‬: ‫المصدر‬
2/4 ( c ) Budget Of General Government ‫ (ج) موازنة الحكومة العامة‬4/2
Overall ( Deficit ) or Surplus and its financing sources ‫(العجز ) أو الفائض الكلى ومصادر تمويله‬

(L.E.mn.) ) ‫( بالمليون جنيه‬

2009/2010 2010/2011(*) 2010/2011(*) 2011/2012(*)
Item
July/Dec. July/Dec.
‫البيان‬

Total revenues 303,361 296,341 114,786 136,026 ‫إجمالى اإليرادات‬

Total expenditures 396,768 430,641 174,563 213,828 ‫إجمالى المصروفات‬
Cash deficit 93,407 134,300 59,777 77,802 ‫العجز النقدى‬
Net acquisition of financial assets 5,479 (4,262) (3,074) (3,077) ‫صافى حيازة األصول المالية‬
Overall fiscal balance finance 98,886 130,038 56,703 74,725 ‫العجزالكلى‬

Financing Sources 98,886 130,038 56,703 74,725 ‫مصادر التمويل‬

Domestic financing 102,415 135,560 72,479 84,481 ‫التمويل المحلى‬
Banking 39,380 97,625 39,477 63,663 ‫مصرفى‬
Non banking 63,035 37,935 33,002 20,818 ‫غير مصرفى‬
Foreign borrowing 2,458 5,024 3,392 (2,089) ‫االقتراض الخارجى‬
Other 273 8,030 (907) 8,372 ‫أخرى‬
Financing effects for eliminations (1) (1) - - ‫التمويل المتأثر باالستبعادات‬
Exchange rate revaluation 1,328 3,945 (10) 100 ‫فروق إعادة التقييم‬
Net privatization proceeds 425 22 22 - ‫صافى متحصالت الخصخصة‬
Difference between treasury bills face value & present value (227) (7,419) (1,070) (2,931) ‫الفرق بين القيمة األسمية والحالية ألذون الخزانة‬
Discrepancy (7,785) (15,123) (17,203) (13,208) ‫غير محدد‬
Overall fiscal balance as a percentage / GDP (%) 8.2 9.4 4.1 4.8 )%( ‫ الناتج المحلى االجمالى‬/ ‫نسبة العجزالكلى‬

(*) Pre. Actual. .‫(*) فعلى مبدئى‬

Source: Central Bank of Egypt - Monthly Statistical Bulletin . . ‫ النشرة االحصائية الشهرية‬- ‫ البنك المركزى المصرى‬: ‫المصدر‬
2/5 Banking Survey (+) )+( ‫ المســح المصرفى‬5/2
2/5 (a) Domestic Liquidity ‫ (أ) السيولة المحـلية‬5/2
( L.E.mn.) ( ‫) مليون جنيه‬
Items 2010 2011 2010 2011 ‫البيان‬
Dec. Dec.

a- Money Supply M1 214,040 248,707 223,456 255,581 M1 ‫ المعروض النقدى‬-‫أ‬

Currency in circulation outside the banking system 135,209 167,887 143,633 176,578 ‫النقد المتداول خارج الجهاز المصرفى‬
Demand deposits in local currency (xx) 78,831 80,820 79,823 79,003 )xx( ‫الودائع الجارية بالعملة المحلية‬

b- Quasi Money 703,419 760,704 750,506 783,290 ‫ أشبــاه النقـــود‬-‫ب‬

Local currency time & saving deposits (xx) 545,303 583,732 592,451 602,253 )xx( ‫الودائع غير الجارية بالعملة المحلية‬
Foreign currency demand deposits , time & saving deposits
(xx) 158,116 176,972 158,055 181,037 )xx( ‫ودائع جارية وغير جارية بالعملة األجنبية‬

Total Domestic Liquidity M2 917,459 1,009,411 973,962 1,038,871 M2 ‫السيــــولة المحـــليــة‬

(+) Extracted from the consolidated balance sheet . ‫) من واقع الميزانية الموحدة للجهاز المصرفى‬+(
of the banking System .
(xx) Representing deposits of the business sector (public and private ) and
the household sector , minus purchased cheques & drafts as regards demand ‫) تمثل ودائع قطاع األعمال ( العام والخاص ) والقطاع العائلى يطرح منها‬xx(
deposits . .‫الشيكات والحواالت المشتراه بالنسبة للودائع الجارية‬
Source : Central Bank of Egypt. .‫ البنك المركزى المصرى‬: ‫المصدر‬
‫‪2/5 (b) Counterpart Assets of Domestic Liquidity‬‬ ‫‪( 5/2‬ب) األصول المقابلة للسيولة المحلية‬
‫)‪( L.E.mn.‬‬ ‫( مليون جنيه )‬

‫‪2010‬‬ ‫‪2011‬‬ ‫‪2010‬‬ ‫‪2011‬‬

‫‪Items‬‬ ‫‪Dec.‬‬ ‫‪Dec.‬‬ ‫البيان‬

‫‪Net claims on government sector‬‬ ‫‪326,141‬‬ ‫‪437,337‬‬ ‫‪364,674‬‬ ‫‪515,774‬‬ ‫صافى المطلوبات من القطاع الحكومى‬
‫‪Claims on public business sector‬‬ ‫‪29,985‬‬ ‫‪32,981‬‬ ‫‪32,478‬‬ ‫‪38,838‬‬ ‫المطلوبات من قطاع األعمال العام‬
‫‪Claims on private business sector‬‬ ‫‪326,350‬‬ ‫‪323,241‬‬ ‫‪312,216‬‬ ‫‪326,889‬‬ ‫المطلوبات من قطاع األعمال الخاص‬
‫‪Claims on household sector‬‬ ‫‪92,792‬‬ ‫‪99,207‬‬ ‫‪95,689‬‬ ‫‪105,899‬‬ ‫المطلوبات من القطاع العائلى‬

‫‪Domestic credit‬‬ ‫‪775,268‬‬ ‫‪892,766‬‬ ‫‪805,057‬‬ ‫‪987,400‬‬ ‫االئتمان المحلى‬

‫‪Net foreign assets‬‬ ‫‪282,408‬‬ ‫‪253,500‬‬ ‫‪305,252‬‬ ‫‪190,179‬‬ ‫صافى األصول األجنبية‬
‫)‪Net balancing items (-‬‬ ‫)‪(140,217‬‬ ‫)‪(136,855‬‬ ‫)‪(136,347‬‬ ‫)‪(138,708‬‬ ‫صافى البنود الموازنة (‪)-‬‬

‫‪Counterpart assets‬‬ ‫‪917,459‬‬ ‫‪1,009,411‬‬ ‫‪973,962 1,038,871‬‬ ‫األصول المقابلة للسيولة المحلية‬
‫‪Source : Central Bank of Egypt.‬‬ ‫المصدر ‪ :‬البنك المركزى المصرى‪.‬‬
‫‪2/6 Agriculture‬‬ ‫‪ 6/2‬الزراعـة‬
‫‪2/6 (a) Cotton‬‬ ‫‪(6/2‬أ) المركز االحصائى للقطن المصرى‬

‫) ‪( ooo's metric Cantars‬‬ ‫) باأللف قنطار مترى(‬

‫‪Season‬‬ ‫‪2008/2009‬‬ ‫‪2009/2010‬‬ ‫)*(‪2010/2011‬‬ ‫المواسم‬

‫) ‪Area in Feddans ( ooo's‬‬ ‫‪312.7‬‬ ‫‪287.9‬‬ ‫‪374.8‬‬ ‫المساحة المنزرعة (بااللف فدان )‬
‫)‪Crop (1‬‬ ‫‪2,105.9‬‬ ‫‪1,890.6‬‬ ‫‪2,614.6‬‬ ‫المحصول الناتج (‪)1‬‬
‫)‪Opening Stock (2‬‬ ‫‪735.7‬‬ ‫‪435.9‬‬ ‫‪225.6‬‬ ‫مخزون أول المدة (‪)2‬‬
‫)‪Total Supply (1)+(2‬‬ ‫‪2,841.6‬‬ ‫‪2,326.5‬‬ ‫‪2,840.2‬‬ ‫إجمالى المعروض (‪)2( + )1‬‬
‫‪Total uses‬‬ ‫‪1,276.1‬‬ ‫‪2,115.2‬‬ ‫‪2,859.0‬‬ ‫إجمالى المستخدم‬
‫‪Domestic consumption‬‬ ‫‪878.9‬‬ ‫‪555.6‬‬ ‫‪645.8‬‬ ‫االستهالك المحلى‬
‫‪Export commitments‬‬ ‫‪397.2‬‬ ‫‪1,559.6‬‬ ‫‪2,213.2‬‬ ‫ارتباطات التصدير‬
‫)‪average fedden productivity(metrik.kantar/fedden‬‬ ‫‪6.7‬‬ ‫‪6.6‬‬ ‫‪7.0‬‬ ‫متوسط إنتاجية الفدان (ق‪.‬م‪/‬للفدان)‬

‫‪(*) Estimated .‬‬ ‫(*) تقديرى ‪.‬‬

‫‪Source : Central Bank of Egypt - Economic‬‬ ‫المصدر ‪ :‬االبنك المركزى المصرى ‪ -‬المجلة االقتصادية ‪ ،‬أعداد مختلفة‪.‬‬
‫‪Review , various issues.‬‬
‫‪2/6 (b) Cereals‬‬ ‫‪( 6/2‬ب) الحبـــــــوب‬
‫‪Area in feddans ooo's‬‬ ‫المساحة باأللف فدان‬
‫‪Production in metric tons ooo's‬‬ ‫االنتاج باأللف طن مترى‬
‫‪Yield metric ton/feddans‬‬ ‫متوسط محصول الفدان بالطن المترى‬
‫‪Season‬‬ ‫‪2007/2008‬‬ ‫‪2008/2009‬‬ ‫‪2009/2010‬‬ ‫‪2010/2011‬‬ ‫‪2011/2012‬‬ ‫الموســــم‬
‫‪Estimated‬‬ ‫‪Projected‬‬
‫متوقع‬ ‫مستهدف‬
‫‪Wheat‬‬ ‫قمـــــح‬
‫‪Area‬‬ ‫‪2,920‬‬ ‫‪3,146‬‬ ‫‪3,001‬‬ ‫‪3,200‬‬ ‫‪n.a.‬‬ ‫المساحة‬
‫‪Production‬‬ ‫‪7,976‬‬ ‫‪8,523‬‬ ‫‪7,169‬‬ ‫‪7,574‬‬ ‫‪7,901‬‬ ‫االنتاج‬
‫‪Yield‬‬ ‫‪2.7‬‬ ‫‪2.7‬‬ ‫‪2.4‬‬ ‫‪2.4‬‬ ‫‪n.a.‬‬ ‫متوسط محصول الفدان‬
‫‪Maize‬‬ ‫ذرة شاميـــة‬
‫‪Area‬‬ ‫‪1,847‬‬ ‫‪1,953‬‬ ‫‪1,969‬‬ ‫‪1,940‬‬ ‫‪n.a.‬‬ ‫المساحة‬
‫‪Production‬‬ ‫‪6,243‬‬ ‫‪6,543‬‬ ‫‪6,169‬‬ ‫‪6,212‬‬ ‫‪6,714‬‬ ‫االنتاج‬
‫‪Yield‬‬ ‫‪3.4‬‬ ‫‪3.4‬‬ ‫‪3.1‬‬ ‫‪3.2‬‬ ‫‪n.a.‬‬ ‫متوسط محصول الفدان‬
‫‪Rice‬‬ ‫األرز‬
‫‪Area‬‬ ‫‪1,673‬‬ ‫‪1,770‬‬ ‫‪1,094‬‬ ‫‪1,093‬‬ ‫‪n.a.‬‬ ‫المساحة‬
‫‪Production‬‬ ‫‪6,868‬‬ ‫‪7,240‬‬ ‫‪4,330‬‬ ‫‪4,327‬‬ ‫‪4,600‬‬ ‫االنتاج‬
‫‪Yield‬‬ ‫‪4.1‬‬ ‫‪4.1‬‬ ‫‪4.0‬‬ ‫‪4.0‬‬ ‫‪n.a.‬‬ ‫متوسط محصول الفدان‬
‫‪Millet‬‬ ‫ذرة رفيعــــة‬
‫‪Area‬‬ ‫‪354‬‬ ‫‪367‬‬ ‫‪336‬‬ ‫‪369‬‬ ‫‪n.a.‬‬ ‫المساحة‬
‫‪Production‬‬ ‫‪844‬‬ ‫‪866‬‬ ‫‪781‬‬ ‫‪786‬‬ ‫‪926‬‬ ‫االنتاج‬
‫‪Yield‬‬ ‫‪2.4‬‬ ‫‪2.4‬‬ ‫‪2.3‬‬ ‫‪2.1‬‬ ‫‪n.a.‬‬ ‫متوسط محصول الفدان‬
‫‪Beans‬‬ ‫الفــــول‬
‫‪Area‬‬ ‫‪170‬‬ ‫‪206‬‬ ‫‪184‬‬ ‫‪225‬‬ ‫‪n.a.‬‬ ‫المساحة‬
‫‪Production‬‬ ‫‪244‬‬ ‫‪298‬‬ ‫‪232‬‬ ‫‪372‬‬ ‫‪373‬‬ ‫االنتاج‬
‫‪Yield‬‬ ‫‪1.4‬‬ ‫‪1.4‬‬ ‫‪1.3‬‬ ‫‪1.7‬‬ ‫‪n.a.‬‬ ‫متوسط محصول الفدان‬

‫‪Source : Central Bank of Egypt - Monthly statistical bulliten .‬‬ ‫المصدر ‪ :‬البنك المركزى المصرى ‪ -‬النشرة االحصائية الشهرية ‪.‬‬
‫‪Ministry of Planning - Economic and Social Development Plan .‬‬ ‫وزارة التخطيط ‪ -‬خطة التنمية االقتصادية واالجتماعية ‪.‬‬
‫‪2/6 (c) Other Crops‬‬ ‫‪( 6/2‬ج) المحاصيل األخرى‬
‫‪Area in feddans ooo's‬‬ ‫المساحة باأللف فدان‬
‫‪Production in metric tons ooo's‬‬ ‫االنتاج باأللف طن مترى‬
‫‪Yield metric ton/feddans‬‬ ‫متوسط محصول الفدان بالطن المترى‬
‫‪Season‬‬ ‫‪2007/2008‬‬ ‫‪2008/2009‬‬ ‫‪2009/2010‬‬ ‫‪2010/2011‬‬ ‫‪2011/2012‬‬ ‫الموســــم‬
‫‪Estimated‬‬ ‫‪Projected‬‬
‫متوقع‬ ‫مستهدف‬
‫‪Vegetables‬‬ ‫الخضر‬
‫‪Area‬‬ ‫‪1880‬‬ ‫‪2142‬‬ ‫‪1496‬‬ ‫‪2035‬‬ ‫‪n.a.‬‬ ‫المساحة‬
‫‪Production‬‬ ‫‪20300‬‬ ‫‪23639‬‬ ‫‪17510‬‬ ‫‪23215‬‬ ‫‪24611‬‬ ‫االنتاج‬
‫‪Yield‬‬ ‫‪10.8‬‬ ‫‪11.0‬‬ ‫‪11.7‬‬ ‫‪11.4‬‬ ‫‪n.a.‬‬ ‫متوسط محصول الفدان‬
‫‪Sugar-Cane‬‬ ‫قصب السكــــر‬
‫‪Area‬‬ ‫‪335‬‬ ‫‪324‬‬ ‫‪317‬‬ ‫‪360‬‬ ‫‪n.a.‬‬ ‫المساحة‬
‫‪Production‬‬ ‫‪17,015.0‬‬ ‫‪16,470‬‬ ‫‪15,482‬‬ ‫‪18,618‬‬ ‫‪17,949‬‬ ‫االنتاج‬
‫‪Yield‬‬ ‫‪50.8‬‬ ‫‪50.8‬‬ ‫‪48.8‬‬ ‫‪51.7‬‬ ‫‪n.a.‬‬ ‫متوسط محصول الفدان‬
‫‪Fruits‬‬ ‫الفاكهة‬
‫‪Area‬‬ ‫‪1,300‬‬ ‫‪1,350‬‬ ‫‪1,511‬‬ ‫‪1,450‬‬ ‫‪n.a.‬‬ ‫المساحة‬
‫‪Production‬‬ ‫‪9,100‬‬ ‫‪8,630‬‬ ‫‪10,073‬‬ ‫‪10,177‬‬ ‫‪12,310‬‬ ‫االنتاج‬
‫‪Yield‬‬ ‫‪7.0‬‬ ‫‪6.4‬‬ ‫‪6.7‬‬ ‫‪7.0‬‬ ‫‪n.a.‬‬ ‫متوسط محصول الفدان‬
‫‪Sugar beet‬‬ ‫بنجر السكر‬
‫‪Area‬‬ ‫‪258‬‬ ‫‪265‬‬ ‫‪386‬‬ ‫‪305‬‬ ‫‪n.a.‬‬ ‫المساحة‬
‫‪Production‬‬ ‫‪5,582‬‬ ‫‪5,333‬‬ ‫‪7,840‬‬ ‫‪6,960‬‬ ‫‪7,635‬‬ ‫االنتاج‬
‫‪Yield‬‬ ‫‪21.6‬‬ ‫‪20.1‬‬ ‫‪20.3‬‬ ‫‪22.8‬‬ ‫‪n.a.‬‬ ‫متوسط محصول الفدان‬
‫‪Onions‬‬ ‫البصـــــل‬
‫‪Area‬‬ ‫‪120‬‬ ‫‪143‬‬ ‫‪134‬‬ ‫‪218‬‬ ‫‪n.a.‬‬ ‫المساحة‬
‫‪Production‬‬ ‫‪2,265‬‬ ‫‪2,443‬‬ ‫‪2,246‬‬ ‫‪2,537‬‬ ‫‪2,886‬‬ ‫االنتاج‬
‫‪Yield‬‬ ‫‪18.9‬‬ ‫‪17.1‬‬ ‫‪16.8‬‬ ‫‪11.6‬‬ ‫‪n.a.‬‬ ‫متوسط محصول الفدان‬
‫‪Cotton‬‬ ‫القطن‬
‫‪Area‬‬ ‫‪575‬‬ ‫‪313‬‬ ‫‪284‬‬ ‫‪369‬‬ ‫‪n.a.‬‬ ‫المساحة‬
‫‪Production‬‬ ‫‪621‬‬ ‫‪318‬‬ ‫‪281‬‬ ‫‪431‬‬ ‫‪473‬‬ ‫االنتاج‬
‫‪Yield‬‬ ‫‪1.1‬‬ ‫‪1.0‬‬ ‫‪1.0‬‬ ‫‪1.2‬‬ ‫‪n.a.‬‬ ‫متوسط محصول الفدان‬
‫‪Source: Central Bank of Egypt - Monthly statistical bulliten.‬‬ ‫المصدر ‪ :‬البنك المركزى المصرى ‪ -‬النشرة االحصائية الشهرية ‪.‬‬
‫‪Ministry of Planning - Economic and Social Development Plan .‬‬ ‫وزارة التخطيط ‪ -‬خطة التنمية االقتصادية واالجتماعية‪.‬‬
 2/7 Industry and Petroleum ‫ الصناعة والبترول‬7/2
2/7 (a) Output of Major Industrial Products ‫ (أ) االنتاج الكمى ألهم المنتجات الصناعية‬7/2
Items Unit 2007/2008 2008/2009 2009/2010 2010/2011 ‫الوحدة‬ ‫البيان‬
Estimated
‫متوقع‬

Cement ooo's tons 39,800.0 41,785.0 43,874.3 43,884.4 ‫ألف طن‬ ‫أسمنت‬
Cars Units 38,776.0 40,909.0 42,627.0 43,627.0 ‫عدد‬ ‫سيارات ركوب‬
Lorries " 25,559.0 26,965.0 28,097.0 28,378.0 " " ‫لوارى‬
Animal & poultry fodder ooo's tons 11,930.8 12,360.3 13,040.1 13,379.1 ‫ألف طن‬ ‫علف حيوان ودواجن‬
Nitrogenous fertilizers " " 11,948.0 12,485.7 13,172.4 13,176.6 " " ‫أسمدة أزوتية‬
Buses Units 6,778.0 7,151.0 7,451.0 7,561.0 ‫عدد‬ ‫اتوبيسات‬
Tyres for cars & trucks ooo's 1,227.0 1,240.0 1,293.4 6,145.8 ‫باأللف‬ ‫اطارات ركوب ونقل‬
Sugar ooo's tons 1,817.4 1,882.8 1,988.2 2,057.8 ‫ألف طن‬ ‫سكر مكرر‬
Phosphatic fertilizers " " 1,457.0 1,522.6 1,606.3 1,610.4 " " ‫أسمدة فوسفاتية‬
Refrigerators ooo's 957.7 1,084.0 1,131.0 1,132.2 ‫باأللف‬ ‫ثالجات كهربائية‬
Washing machines " " 1,010.4 1,066.0 1,112.0 1,128.7 " " ‫غساالت كهربائية‬
Soap ooo's tons 588.0 637.6 667.4 674.0 ‫ألف طن‬ ‫صابون‬
Ready made garments piece(mn.) 288.6 298.9 314.5 324.4 ‫مليون قطعة‬ ‫مالبس جاهزة‬
Cotton yarn ooo's tons 288.6 298.7 314.2 320.5 ‫ألف طن‬ ‫غزل قطن‬
Reinforcing iron " " 5,006.9 5,390.7 5,633.3 5,684.3 " " ‫حديد تسليح‬
Source : Central Bank of Egypt - Monthly statistical bulliten. .‫ النشرة االحصائية الشهرية‬- ‫ البنك المركزى المصرى‬: ‫المصدر‬
2/7 (b) Petroleum - General Summary ‫ ملخص عام‬- ‫ (ب) البتـرول‬7/2
Quantity (mn.metric Tons ) )‫الكمية (مليون طن مترى‬

Production and Consumption ‫كمية انتاج واستهالك البترول‬

‫السنة‬ ‫زيت خـــــام‬ ‫غـــــاز طبيعــى‬ ‫إجمالى انتاج البترول‬ ‫إجمالى االستهالك‬
Year Crude Oil Natural Gas Total Production Total Consumption

2006/2007 32.0 41.3 73.3 54.7

2007/2008 32.9 42.8 75.7 59.6
2008/2009 34.7 45.8 80.5 62.7
2009/2010 34.2 46.7 80.9 66.6
2010/2011(+) 35.1 48.2 83.3 69.3
2011/2012(x) 34.1 53.4 88.3 73.3
(+)Estimated. .‫) متوقع‬+(
(X) Projected. .‫) مستهدف‬x(
Source : Ministery of planning - Economic & .‫ خطة التنمية االقتصادية واالجتماعية‬- ‫ وزارة التخطيط‬: ‫المصدر‬
Social Development Plan.
 2/8 Prices ‫ األسعــــار‬8/2
2/8 (a) Producer Price Indices for manufacturing ‫ (أ) األرقام القياسية ألسعار المنتجين للصناعات التحويلية‬8/2
( 2004/2005 = 100 ) ) 100=2005/2004 (

End of 2010 2011 2011 ‫فى نهايــة‬

May May Sept. Dec.

Food products 151.1 169.8 174.2 175.7 ‫المنتجات الغذائية‬

Beverages 109.6 109.8 113.9 114.1 ‫المشروبات‬
Tobacco products 160.7 247.5 257.9 257.9 ‫منتجات التبغ‬
Textiles 124.2 131.0 131.5 153.1 ‫الغزل والنسيج‬
Wearing apparel 114.9 131.4 131.4 131.4 ‫المالبس الجاهزة‬
Leather & related products 122.6 126.8 127.6 127.6 ‫الجلد ومنتجاته‬
Wood & wood products 136.0 154.4 162.5 164.7 ‫الخشب ومنتجاته‬
Paper & paper products 112.6 115.9 115.9 117.9 ‫الورق ومنتجاته‬
Printing 108.4 116.4 116.4 116.4 ‫الطباعة‬
Coke & refined Petroleum products 179.5 186.8 195.8 197.1 ‫فحم الكوك والمنتجات النفطية‬
Chemicals & chemical products 170.8 180.1 184.0 185.8 ‫المواد والمنتجات الكيمائية‬
Pharmaceuticals 131.0 131.0 131.0 131.0 ‫األدوية‬
Rubber & plastic products 109.8 116.6 119.2 124.3 ‫منتجات المطاط واللدائن‬
Non metallic mineral products 153.7 155.3 155.6 139.0 ‫منتجات تعدينية غير معدنية‬
Metals 172.3 195.3 198 186.6 ‫المعـــادن‬
Fabricated metal prods.,except machinery & 173.4 180.4 178.3 175.8 ‫منتجات معدنية عدا الماكينات والمعدات‬
equipment
Computer, electronic & optical products 79.7 75.0 75.0 76.4 ‫آالت الحاسبات االلكترونية واألجهزة الطبية‬
Electrical equipment 129.9 152.9 152.6 155.1 ‫األجهزة الكهربائية‬
Machinery & equipment n.e.c. 134.5 136.7 136.7 136.7 ‫اآلالت والمعدات األخرى‬
Motor vehicles ,trailers & semi-trailers 135.6 138.4 138.4 142.4 ‫وسائل النقل‬
Furniture 115.4 115.4 115.7 115.9 ‫األثاث والمنتجات الخشبية‬
Other manufacturing 238.8 294.6 323.7 311.7 ‫منتجات تحويلية أخرى‬
All Items 150.7 163.9 167.4 167.2 ‫الرقم العام للصناعات التحويلية‬

Source : Central Agency for Public Mobilization & ‫ األرقام‬- ‫ الجهاز المركزى للتعبئة العامة واالحصاء‬: ‫المصدر‬
Statistics-Producer Price Index. . ‫القياسية ألسعار المنتجين‬
 2/8 (b) Consumer Price Indices ‫ (ب) األرقام القياسية ألسعار المستهلكين فى الحضر‬8/2
Urban ( January 2010 = 100 ) ) 100=2010 ‫( يناير‬
End of 2010 2011 2010 2011 ‫فى نهايــة‬
June June Dec. Dec.
Food & Non-Alcoholic Beverages ‫الطعام والشراب‬
Food 174.6 126.8 116.7 132.4 ‫الطعام‬
Bread & cereals 139.1 139.0 121.4 138.3 ‫الخبز والحبوب‬
Meat 164.2 124.9 126.3 133.8 ‫اللحوم و الدواجن‬
Fish & seafood 139.7 107.6 100.4 111.7 ‫األسماك والمأكوالت البحرية‬
Milk, cheese & eggs 160.7 115.6 108.5 118.1 ‫األلبان والجبن والبيض‬
Oil & fats 172.0 121.0 109.9 123.0 ‫الزيوت والدهون‬
Fruit 249.5 124.0 108.5 107.1 ‫الفاكهة‬
Vegetables 237.3 153.6 121.8 177.0 ‫الخضروات‬
Suger,jam,honey,chocolate and confectionery 151.4 111.3 113.5 116.9 ‫السكر واألغذية السكرية‬
Other food products 140.3 110.1 104.4 115.7 ‫منتجات غذائية أخرى‬
Number of Food & Non-Alcoholic Beverages 173.3 126.0 116.1 131.4 ‫رقم الطعام والشراب‬
Alcoholic beverages,tobacco and narcotics 121.0 169.9 146.9 201.8 ‫المشروبات الكحولية والدخان‬
Clothing & footwear 119.0 102.2 103.1 106.8 ‫المالبس واألحذية‬
Housing, water, electricity,gas & other fuels 113.5 100.4 99.5 109.0 ‫المسكن والمياه والكهرباء والغاز والوقود‬
Furniture & HH equipments and routine
maintenance of the house 126.6 105.2 103.7 109.6 ‫األثــاث والتجهيزات والمـعـدات الـمنزليـــة والصيانة‬
Health 117.6 101.9 101.3 102.0 ‫الرعاية الصحية‬
Transportation 126.8 101.7 101.2 102.4 ‫النقل والمواصالت‬
Communications 109.3 100.0 99.9 94.9 ‫االتصاالت السلكية والالسلكية‬
Recreation & culture 148.7 108.4 105.7 116.7 ‫الثقافة والترفيه‬
Education 157.6 124.3 124.3 136.6 ‫التعليم‬
Restaurants & hotels 172.3 112.4 111.8 114.0 ‫المطاعم والفنادق‬
Miscellaneous goods & services 140.8 103.2 101.8 104.3 ‫السلع والخدمات المتنوعة‬
All items 147.9 114.5 109.7 120.1 ‫الرقــم العام‬

Source : Central Agency for Public Mobilization & Statistics- Monthly ‫ النشرة الشهرية‬- ‫ الجهاز المركزى للتعبئة العامة واالحصاء‬: ‫المصدر‬
Bulletin Consumer Price Index. . ‫لألرقام القياسية ألسعار المستهلكين‬
 2/8 (C) Consumer Price Indices ‫ (ج) األرقام القياسية ألسعار المستهلكين فى الريف‬8/2
Rural ( January 2010 = 100 ) ) 100=2010 ‫( يناير‬
End of 2010 2011 2010 2011 ‫فى نهايــة‬
June June Dec. Dec.
Food & Non-Alcoholic Beverages ‫الطعام والشراب‬
Food 175.3 125.0 114.7 130.8 ‫الطعام‬
Bread & cereals 148.7 138.9 121.6 141.3 ‫الخبز والحبوب‬
Meat 159.3 121.9 123.5 130.2 ‫اللحوم‬
Fish & seafood 133.1 108.8 101.2 111.0 ‫األسماك والمأكوالت البحرية‬
Milk, cheese & eggs 169.8 114.0 109.3 117.8 ‫األلبان والجبن والبيض‬
Oil & fats 162.3 118.0 107.6 121.3 ‫الزيوت والدهون‬
Fruit 287.2 120.1 103.9 101.9 ‫الفاكهة‬
Vegetables 226.4 137.6 108.0 157.1 ‫الخضروات‬
Suger,jam,honey,chocolate and confectionery 150.6 112.3 114.4 117.8 ‫السكر واألغذية السكرية‬
Other food products 132.0 108.8 104.3 113.9 ‫منتجات غذائية أخرى‬
Number of Food & Non-Alcoholic Beverages 174.0 124.3 114.3 130.0 ‫رقم الطعام والشراب‬

Alcoholic beverages,tobacco and narcotics 122.1 169.2 146.9 201.3 ‫الدخان‬

Clothing & footwear 119.3 104.0 104.2 108.5 ‫المالبس واألحذية‬
Housing, water, electricity,gas & other fuels 109.8 100.9 98.9 111.9 ‫المسكن والمياه والكهرباء والغاز والوقود‬
Furniture & HH equipments and routine
maintenance of the house 125.7 105.2 103.6 107.3 ‫األثــاث والتجهيزات والمـعـدات الـمنزليـة و الصيانة‬
Health 121.8 102.2 101.4 102.3 ‫الرعاية الصحية‬
Transportation 118.3 100.9 100.6 101.3 ‫النقل والمواصالت‬
Communications 107.7 99.8 99.9 96.3 ‫االتصاالت السلكية والالسلكية‬
Recreation & culture 116.1 106.1 104.4 115.5 ‫الثقافة والترفيه‬
Education 138.7 125.2 125.2 137.4 ‫التعليم‬
Restaurants & hotels 174.8 113.6 113.2 114.2 ‫المطاعم والفنادق‬
Miscellaneous goods & services 130.9 103.0 101.6 104.3 ‫السلع والخدمات المتنوعة‬
All items 149.3 115.9 109.8 122.2 ‫الرقــم العام‬
Source : Central Agency for Public Mobilization & Statistics- Monthly ‫ النشرة الشهرية‬- ‫ الجهاز المركزى للتعبئة العامة واالحصاء‬: ‫المصدر‬
Bulletin Consumer Price Index. . ‫لألرقام القياسية ألسعار المستهلكين‬
 2/8 (d) Consumer Price Indices ‫ (د) األرقام القياسية ألسعار المستهلكين إلجمالى الجمهورية‬8/2
All Egypt ( January 2010 = 100 ) ) 100=2010 ‫( يناير‬
End of 2010 2011 2010 2011 ‫فى نهايــة‬
June June Dec. Dec.
Food & Non-Alcoholic Beverages ‫الطعام والشراب‬
Food 174.9 125.9 115.7 131.6 ‫الطعام‬
Bread & cereals 144.6 138.9 121.5 140.1 ‫الخبز والحبوب‬
Meat 162.0 123.4 124.9 131.9 ‫اللحوم و الدواجن‬
Fish & seafood 136.9 108.0 100.7 111.5 ‫األسماك والمأكوالت البحرية‬
Milk, cheese & eggs 164.8 114.9 108.8 118.0 ‫األلبان والجبن والبيض‬
Oil & fats 167.2 119.4 108.7 122.1 ‫الزيوت والدهون‬
Fruit 267.2 122.1 106.3 104.6 ‫الفاكهة‬
Vegetables 231.9 145.0 114.3 166.2 ‫الخضروات‬
Suger,jam,honey,chocolate and confectionery 151.0 111.8 114.0 117.4 ‫السكر واألغذية السكرية‬
Other food products 136.7 109.5 104.3 114.8 ‫منتجات غذائية أخرى‬
Number of Food & Non-Alcoholic Beverages 173.6 125.2 115.2 130.7 ‫رقم الطعام والشراب‬
Alcoholic beverages,tobacco and narcotics 121.5 169.5 146.9 201.5 ‫الدخان‬
Clothing & footwear 119.1 103.1 103.7 107.6 ‫المالبس واألحذية‬
Housing, water, electricity,gas & other fules 111.8 100.6 99.2 110.3 ‫المسكن والمياه والكهرباء والوقود‬
Furniture & HH Equipments and Routine ‫الـمنزليـة‬ ‫األثــاث والتجهيزات والمـعـدات‬
Maintenance of the house 126.3 105.2 103.6 108.6 ‫والصيانة‬
Health 119.2 102.0 101.3 102.2 ‫الرعاية الصحية‬
Transportation 124.4 101.4 101.0 102.1 ‫النقل والمواصالت‬
Communications 108.9 99.9 99.9 95.4 ‫االتصاالت السلكية والالسلكية‬
Recreation & culture 142.2 107.6 105.2 116.3 ‫الثقافة والترفيه‬
Education 153.2 124.6 124.6 136.8 ‫التعليم‬
Restaurants & hotels 173.2 112.9 112.4 114.1 ‫المطاعم والفنادق‬
Miscellaneous goods & services 137.4 103.1 101.7 104.3 ‫السلع والخدمات المتنوعة‬
All items 148.5 115.2 109.7 121.1 ‫الرقــم العام‬
Source : Central Agency for Public Mobilization & Statistics- Monthly ‫ النشرة الشهرية‬- ‫ الجهاز المركزى للتعبئة العامة واالحصاء‬: ‫المصدر‬
Bulletin Consumer Price Index. . ‫لألرقام القياسية ألسعار المستهلكين‬
2/9 Stock Exchange ‫ سوق األوراق المالية‬9/2
2/9 (a)Main indicators of Stock Exchange ‫(أ) أهم مؤشرات سوق األوراق المالية‬9/2

2009 2010 2011 2010 2011

End of Dec. Dec. ‫فى نهاية‬

No. of listed companies ( unit) 333.0 215.0 211.0 212.0 213 )‫عدد الشركات المقيدة (بالوحدة‬
No. of listed shares ( bn.) 22.4 29.0 32.4 31.7 34.7 )‫عدد األسهم المقيدة ( بالمليار‬
Listed capital (EGP bn.) 149.6 134.7 144.7 142.4 150.4 )‫رؤوس األموال المقيدة (بالمليار جنيه‬
Listed bonds (EGP bn.) 97.6 171.7 224.8 226.8 248.9 ) ‫سندات مقيدة ( بالمليار جنيه‬
General index 1,558.1 1,329.0 850.5 1,503.5 312.3 ‫المؤشر العام للسوق‬

The Egyptian Exchange Index* *‫مؤشرات البورصة المصرية‬

EGX 30 5,702.9 6,033.1 5,373.0 7,142.1 3,622.4 EGX 30
EGX 70 623.1 527.7 629.6 721.5 415.6 EGX 70
EGX 100 ‫ــــــ‬ 908.7 972.9 1,166.2 643.1 EGX 100

* The Egyptian Exchange CASE 30 index was renamed EGX 30, while the
EGX70 index was introduced as of March 2009 to cover 70 companies
other than the 30 constituent companies of EGX30. EGX100 was also
introduced ,encompassing the constituent companies of EGX30 and
EGX70 , as of August 2009.
‫ الذى‬EGX 70 ‫ واإلعالن عن مؤشر‬EGX 30 ‫ إلى‬CASE 30 ‫* تم تغيير مسمى مؤشر البورصة المصرية‬
‫ إعتباراً من شهر‬EGX 30 ‫يضم أكبر سبعين شركة بخالف الشركات الثالثين المكونة لمؤشر البورصة المصرية‬
، EGX 30 ‫ الذى يضم الشركات المكونة للمؤشرين‬EGX 100 ‫ كما تم اإلعالن عن مؤشر‬، 2009 ‫مارس‬
.2009 ‫اعتباراً من أغسطس‬EGX70

Source : Central Bank of Egypt -Monthly Statistical Bulletin. . ‫ النشرة االحصائية الشهرية‬- ‫ البنك المركزى المصرى‬: ‫المصدر‬
2/9 (b) Traded securities ‫ (ب) تطور حركة تداول األوراق المالية‬9/2

End of 2008/2009 2009/2010 2010/2011 ‫فى نهاية‬

Number of transactions ( 000's ) 13,169 12,116 7,160 ) ‫عدد العمليات ( باأللف‬

Listed shares, bonds and investment funds' certificats 12,123 11,383 7,068 ‫ أسهم وسندات ووثائق صناديق االستثمار المقيدة‬- ‫أ‬
Unlisted shares, bonds and investment funds' certificats 1,046 733 84 ‫ أسهم وسندات ووثائق صناديق االستثمار غير المقيدة‬-‫ب‬
Small-and medium-enterprises market (NILEX)* - - 8 *)‫ سوق الشركات المتوسطة و الصغيرة (بورصة النيل‬-‫ج‬

Number of Traded securities (mn.) 31,956 32,880 23,236 ) ‫عدد األوراق المتداولة ( بالمليون‬

Listed shares, bonds and investment funds' certificats 25,455 25,362 21,048 ‫ أسهم وسندات ووثائق صناديق االستثمار المقيدة‬- ‫أ‬
Unlisted shares, bonds and investment funds' certificats 6,501 7,518 2,166 ‫ أسهم وسندات ووثائق صناديق االستثمار غير المقيدة‬-‫ب‬
Small-and medium-enterprises market (NILEX)* - - 22 *)‫ سوق الشركات المتوسطة و الصغيرة (بورصة النيل‬-‫ج‬

Value of Traded securities (L.E.bn.) 319.7 441.3 200.6 ) ‫قيمة التداول ( مليار جنيه‬

Listed shares, bonds and investment funds' certificats 278.4 312.1 182.9 ‫ أسهم وسندات ووثائق صناديق االستثمار المقيدة‬- ‫أ‬
Unlisted shares, bonds and investment funds' certificats 41.3 129.2 17.5 ‫ أسهم وسندات ووثائق صناديق االستثمار غير المقيدة‬-‫ب‬
Small-and medium-enterprises market (NILEX)* - - 0.2 *)‫ سوق الشركات المتوسطة و الصغيرة (بورصة النيل‬-‫ج‬
(*) Trading on June 2010. .2010 ‫(*) بدأ التداول فى يونيو‬
Source : Central Bank of Egypt - Annual Report - Economic Review. . ‫ المجلة االقتصادية‬- ‫ التقرير السنوى‬- ‫ البنك المركزى المصرى‬: ‫المصدر‬
‫‪3- International Transactions‬‬ ‫‪ -3‬المعامالت مع العالم الخارجى‬
‫‪3/1 Foreign Trade‬‬ ‫‪ 1/3‬التجـــارة الخارجيـــة وفقا ً ومجموعات الدول‬
‫‪3/1 (a) Asian countries‬‬ ‫‪( 1/3‬أ) أهــم دول اسيــا‬

‫)‪( L.E.mn.‬‬ ‫( مليون جنيه )‬

‫‪End of‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫فى نهاية‬

‫‪India‬‬ ‫الهنـــد‬
‫‪Exports‬‬ ‫‪9,045.6‬‬ ‫‪8,095.0‬‬ ‫‪7,188.4‬‬ ‫‪13,413.8‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪9,586.6‬‬ ‫‪6,998.4‬‬ ‫‪8,830.1‬‬ ‫‪9,177.8‬‬ ‫الواردات‬
‫‪Japan‬‬ ‫اليابـــــان‬
‫‪Exports‬‬ ‫‪4,768.3‬‬ ‫‪582.6‬‬ ‫‪1,075.3‬‬ ‫‪2,149.7‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪10,041.7‬‬ ‫‪7,988.7‬‬ ‫‪8,158.5‬‬ ‫‪7,824.9‬‬ ‫الواردات‬
‫‪People's Repuplic of china‬‬ ‫الصين الشعبية‬
‫‪Exports‬‬ ‫‪1,867.3‬‬ ‫‪5,424.6‬‬ ‫‪2,574.2‬‬ ‫‪3,597.0‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪24,164.0‬‬ ‫‪21,756.6‬‬ ‫‪27,768.2‬‬ ‫‪32,139.2‬‬ ‫الواردات‬
‫‪South Korea‬‬ ‫كوريا الجنوبية‬
‫‪Exports‬‬ ‫‪3,441.1‬‬ ‫‪709.2‬‬ ‫‪3,051.7‬‬ ‫‪2,577.7‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪5,772.7‬‬ ‫‪6,897.7‬‬ ‫‪10,797.5‬‬ ‫‪9,892.5‬‬ ‫الواردات‬
‫‪Taiwan‬‬ ‫تايــوان‬
‫‪Exports‬‬ ‫‪1,832.1‬‬ ‫‪965.5‬‬ ‫‪1,912.9‬‬ ‫‪2,247.9‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪1,956.0‬‬ ‫‪1,669.3‬‬ ‫‪2,831.4‬‬ ‫‪2,419.1‬‬ ‫الواردات‬
‫‪Singapore‬‬ ‫سنغافورة‬
‫‪Exports‬‬ ‫‪1,558.9‬‬ ‫‪365.6‬‬ ‫‪639.2‬‬ ‫‪524.1‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪1,150.3‬‬ ‫‪1,324.3‬‬ ‫‪1,838.3‬‬ ‫‪1,104.1‬‬ ‫الواردات‬

‫‪Source : Central Agency for Public Mobilization and Statistics -‬‬ ‫المصدر ‪ :‬الجهاز المركزى للتعبئة العامة واالحصاء ‪ -‬الملخص‬
‫‪Monthly Brief of Foreign Trade Data.‬‬ ‫الشهري لبيانات التجارة الخارجية ‪.‬‬
‫‪3/1 (b) Main Eastern Europe Countries‬‬ ‫‪( 1/3‬ب) أهــم دول شرق أوروبا‬

‫)‪( L.E.mn.‬‬ ‫( مليون جنيه )‬

‫‪End of‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫فى نهاية‬

‫‪Turkey‬‬ ‫تركيــــا‬
‫‪Exports‬‬ ‫‪4,256.4‬‬ ‫‪3,920.7‬‬ ‫‪5,695.3‬‬ ‫‪9,021.4‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪6,405.0‬‬ ‫‪13,057.6‬‬ ‫‪10,649.8‬‬ ‫‪15,410.4‬‬ ‫الواردات‬
‫‪Greece‬‬ ‫اليــونــان‬
‫‪Exports‬‬ ‫‪1,775.4‬‬ ‫‪1,390.4‬‬ ‫‪1,472.9‬‬ ‫‪2,378.3‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪1,154.9‬‬ ‫‪1,468.0‬‬ ‫‪2,362.9‬‬ ‫‪2,303.8‬‬ ‫الواردات‬
‫‪Russia‬‬ ‫جمهورية روسيا االتحادية‬
‫‪Exports‬‬ ‫‪732.2‬‬ ‫‪946.1‬‬ ‫‪1,232.4‬‬ ‫‪2,096.3‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪11,848.5‬‬ ‫‪8,618.8‬‬ ‫‪10,395.7‬‬ ‫‪12,824.7‬‬ ‫الواردات‬
‫‪Ukrania‬‬ ‫اوكرانيا‬
‫‪Exports‬‬ ‫‪540.9‬‬ ‫‪433.4‬‬ ‫‪447.0‬‬ ‫‪664.8‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪10,958.0‬‬ ‫‪7,446.1‬‬ ‫‪9,204.4‬‬ ‫‪10,747.1‬‬ ‫الواردات‬
‫‪Czech‬‬ ‫التشيــــك‬
‫‪Exports‬‬ ‫‪95.5‬‬ ‫‪188.4‬‬ ‫‪258.1‬‬ ‫‪316.9‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪952.5‬‬ ‫‪733.0‬‬ ‫‪1,123.2‬‬ ‫‪1,151.6‬‬ ‫الواردات‬
‫‪Poland‬‬ ‫بـولنــــدا‬
‫‪Exports‬‬ ‫‪152.5‬‬ ‫‪147.0‬‬ ‫‪169.1‬‬ ‫‪381.3‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪569.1‬‬ ‫‪975.8‬‬ ‫‪903.6‬‬ ‫‪700.0‬‬ ‫الواردات‬

‫‪Source : Central Agency for Public Mobilization and Statistics -‬‬ ‫المصدر ‪ :‬الجهاز المركزى للتعبئة العامة واالحصاء ‪ -‬الملخص‬
‫‪Monthly Brief of Foreign Trade Data.‬‬ ‫الشهري لبيانات التجارة الخارجية ‪.‬‬
‫‪3/1 (c) USA and main Western Europe Countries‬‬ ‫‪( 1/3‬ج) الواليات المتحدة االمريكية وأهم دول غرب أوروبا‬
‫)‪( L.E.mn.‬‬ ‫( مليون جنيه )‬

‫‪End of‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫فى نهاية‬

‫‪U.S.A.‬‬ ‫الواليات المتحدة‬

‫‪Exports‬‬ ‫‪6,977.0‬‬ ‫‪8,970.5‬‬ ‫‪9,581.7‬‬ ‫‪9,522.0‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪30,931.4‬‬ ‫‪26,387.3‬‬ ‫‪28,106.4‬‬ ‫‪37,603.5‬‬ ‫الواردات‬
‫‪Italy‬‬ ‫ايطاليــــا‬
‫‪Exports‬‬ ‫‪14,767.8‬‬ ‫‪8,820.0‬‬ ‫‪12,659.0‬‬ ‫‪15,912.4‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪16,464.4‬‬ ‫‪14,754.4‬‬ ‫‪16,782.4‬‬ ‫‪17,901.1‬‬ ‫الواردات‬
‫‪U.K.‬‬ ‫المملكة المتحدة‬
‫‪Exports‬‬ ‫‪5,066.8‬‬ ‫‪4,828.7‬‬ ‫‪4,638.4‬‬ ‫‪5,732.9‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪7,628.5‬‬ ‫‪5,469.0‬‬ ‫‪7,273.7‬‬ ‫‪7,005.1‬‬ ‫الواردات‬
‫‪Federal Germany‬‬ ‫المانيا االتحادية‬
‫‪Exports‬‬ ‫‪2,417.7‬‬ ‫‪2,566.1‬‬ ‫‪3,310.5‬‬ ‫‪4,593.1‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪17,784.8‬‬ ‫‪20,039.2‬‬ ‫‪22,795.3‬‬ ‫‪22,280.4‬‬ ‫الواردات‬
‫‪France‬‬ ‫فرنســـــا‬
‫‪Exports‬‬ ‫‪4,288.9‬‬ ‫‪3,690.2‬‬ ‫‪5,269.9‬‬ ‫‪7,640.3‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪7,282.5‬‬ ‫‪8,888.7‬‬ ‫‪10,684.0‬‬ ‫‪11,681.7‬‬ ‫الواردات‬
‫‪Netherlands‬‬ ‫هولنـــــدا‬
‫‪Exports‬‬ ‫‪8,169.9‬‬ ‫‪2,775.5‬‬ ‫‪3,312.7‬‬ ‫‪4,165.8‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪3,977.6‬‬ ‫‪5,009.1‬‬ ‫‪4,710.7‬‬ ‫‪9,725.5‬‬ ‫الواردات‬

‫‪Source : Central Agency for Public Mobilization‬‬ ‫المصدر ‪ :‬الجهاز المركزى للتعبئة العامة واالحصاء ‪ -‬الملخص‬
‫‪and Statistics - Monthly Brief of Foreign Trade Data.‬‬ ‫الشهري لبيانات التجارة الخارجية ‪.‬‬
‫‪3/1 (d) Main Arab Countries‬‬ ‫‪ ( 1/3‬د ) أهـــم الدول العربيـــة‬
‫)‪( L.E.mn.‬‬ ‫( مليون جنيه )‬

‫‪End of‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫فى نهاية‬

‫‪Saudi Arabia‬‬ ‫المملكة العربية السعودية‬

‫‪Exports‬‬ ‫‪6,823.7‬‬ ‫‪7,685.6‬‬ ‫‪9,501.6‬‬ ‫‪11,225.6‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪16,913.1‬‬ ‫‪11,210.1‬‬ ‫‪12,010.4‬‬ ‫‪15,083.7‬‬ ‫الواردات‬
‫‪Libya‬‬ ‫الجماهيرية العربية الليبية‬
‫‪Exports‬‬ ‫‪4,401.0‬‬ ‫‪5,609.1‬‬ ‫‪6,853.4‬‬ ‫‪3,298.7‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪1,421.3‬‬ ‫‪1,175.2‬‬ ‫‪1,903.8‬‬ ‫‪355.1‬‬ ‫الواردات‬
‫‪Syria‬‬ ‫سوريـــا‬
‫‪Exports‬‬ ‫‪3,041.3‬‬ ‫‪4,692.0‬‬ ‫‪4,682.5‬‬ ‫‪3,795.7‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪1,669.0‬‬ ‫‪1,757.5‬‬ ‫‪2,055.5‬‬ ‫‪2,159.4‬‬ ‫الواردات‬
‫‪Jordan‬‬ ‫األردن‬
‫‪Exports‬‬ ‫‪3,920.9‬‬ ‫‪5,224.5‬‬ ‫‪4,184.6‬‬ ‫‪4,791.0‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪5,887.7‬‬ ‫‪405.4‬‬ ‫‪696.0‬‬ ‫‪808.3‬‬ ‫الواردات‬
‫‪Sudan‬‬ ‫الســـودان‬
‫‪Exports‬‬ ‫‪2,982.3‬‬ ‫‪3,117.2‬‬ ‫‪3,846.5‬‬ ‫‪3,045.3‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪2,657.7‬‬ ‫‪243.1‬‬ ‫‪234.9‬‬ ‫‪159.1‬‬ ‫الواردات‬
‫‪Lebanon‬‬ ‫لبنـــــان‬
‫‪Exports‬‬ ‫‪2,285.8‬‬ ‫‪2,504.3‬‬ ‫‪3,029.6‬‬ ‫‪5,591.4‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪933.8‬‬ ‫‪506.4‬‬ ‫‪568.1‬‬ ‫‪484.1‬‬ ‫الواردات‬
‫‪Morocco‬‬ ‫المغـــرب‬
‫‪Exports‬‬ ‫‪2,285.8‬‬ ‫‪2,003.5‬‬ ‫‪2,251.9‬‬ ‫‪2,863.6‬‬ ‫الصادرات‬
‫‪Imports‬‬ ‫‪933.8‬‬ ‫‪246.8‬‬ ‫‪385.1‬‬ ‫‪297.6‬‬ ‫الواردات‬

‫‪Source : Central Agency for Public Mobilization‬‬ ‫المصدر ‪ :‬الجهاز المركزى للتعبئة العامة واالحصاء ‪ -‬الملخص‬
‫‪and Statistics - Monthly Brief of Foreign Trade Data.‬‬ ‫الشهري لبيانات التجارة الخارجية ‪.‬‬
 ‫‪3/2 Exports and Imports‬‬ ‫‪ 2/3‬الصادرات والواردات‬
‫‪by degree of processing and use‬‬ ‫حسب درجة التصنيع واالستخدام‬
‫)‪( L.E.mn.‬‬ ‫)مليون جنيه (‬

‫‪Commodity Groups‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫المجموعة السلعية‬

‫‪A.Exports‬‬ ‫أوال ‪ :‬الصادرات‬

‫‪Finished goods‬‬ ‫‪53,831.5‬‬ ‫‪62,938.7‬‬ ‫‪71,832.6‬‬ ‫‪79,259.9‬‬ ‫السلع تامة الصنع‬
‫‪Fuel‬‬ ‫‪59,278.0‬‬ ‫‪34,529.1‬‬ ‫‪39,057.9‬‬ ‫‪50,161.1‬‬ ‫الوقـــــــود‬
‫‪Semi-finished goods‬‬ ‫‪17,372.0‬‬ ‫‪20,688.7‬‬ ‫‪27,402.1‬‬ ‫‪33,928.6‬‬ ‫السلع نصف مصنعة‬
‫‪Raw materials‬‬ ‫‪11,061.7‬‬ ‫‪15,632.9‬‬ ‫‪14,450.8‬‬ ‫‪15,997.1‬‬ ‫المواد الخــــام‬
‫‪Electric energy‬‬ ‫‪428.4‬‬ ‫‪598.4‬‬ ‫‪618.8‬‬ ‫‪1,675.7‬‬ ‫الطاقة الكهربائية‬
‫‪Raw cotton‬‬ ‫‪1,055.1‬‬ ‫‪486.7‬‬ ‫‪1,485.5‬‬ ‫‪1,585.5‬‬ ‫القطن الخــــام‬
‫‪Total Exports‬‬ ‫‪143,026.7‬‬ ‫‪134,874.5‬‬ ‫‪154,847.7‬‬ ‫‪182,607.9‬‬ ‫إجمالى الصــادرات‬
‫‪B. Imports‬‬ ‫ثانيا ‪ :‬الواردات‬
‫‪Intermediate goods‬‬ ‫‪135,443.0‬‬ ‫‪109,691.4‬‬ ‫‪121,630.8‬‬ ‫‪143,699.5‬‬ ‫السلع الوسيطة‬
‫‪Consumer goods‬‬ ‫‪50,199.3‬‬ ‫‪47,135.8‬‬ ‫‪64,299.5‬‬ ‫‪67,864.1‬‬ ‫السلع االستهالكية‬
‫‪Fuel‬‬ ‫‪22,249.1‬‬ ‫‪24,518.2‬‬ ‫‪39,764.6‬‬ ‫‪53,750.9‬‬ ‫الوقـــــــود‬
‫‪Raw materials‬‬ ‫‪35,222.3‬‬ ‫‪22,274.1‬‬ ‫‪30,306.2‬‬ ‫‪44,212.5‬‬ ‫المواد الخــــام‬
‫‪Capital goods‬‬ ‫‪44,581.0‬‬ ‫‪46,330.9‬‬ ‫‪44,311.6‬‬ ‫‪42,068.9‬‬ ‫السلع االستثمارية‬
‫‪Electric energy‬‬ ‫‪23.5‬‬ ‫‪13.7‬‬ ‫‪48.3‬‬ ‫‪16.5‬‬ ‫الطاقة الكهربائية‬
‫‪Total Imports‬‬ ‫‪287,718.2‬‬ ‫‪249,964.1‬‬ ‫‪300,361.0‬‬ ‫‪351,612.4‬‬ ‫إجمالى الـواردات‬

‫) ‪C. Trade Balance ( -‬‬ ‫)‪(144,691.5) (115,089.6) (145,513.3) (169,004.5‬‬ ‫ثالثا ً ‪ :‬الميزان التجارى (‪)-‬‬

‫‪Source : Central Agency for Public Mobilization‬‬ ‫المصدر ‪ :‬الجهاز المركزى للتعبئة العامة واالحصاء ‪ -‬الملخص‬
‫‪and Statistics - Monthly Brief of Foreign Trade Data.‬‬ ‫الشهري لبيانات التجارة الخارجية ‪.‬‬
 ‫‪3/3 Main Groups of Exports‬‬ ‫‪ 3/3‬أهـــــم الصـــادرات‬
‫‪3/3 (a) Exports of Petroleum and Raw Materials‬‬ ‫‪( 3/3‬أ) صادرات البترول والمواد الخام‬
‫)‪( L.E.mn.‬‬ ‫( مليون جنيه )‬

‫‪End of‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫فى نهاية‬

‫‪1-Petroleum‬‬ ‫‪ -1‬البتــــــــرول‬
‫‪Oil products‬‬ ‫‪46,494.9‬‬ ‫‪23,527.4‬‬ ‫‪27,896.0‬‬ ‫‪31,481.2‬‬ ‫منتجــــــات‬
‫‪Crude oil‬‬ ‫‪11,967.3‬‬ ‫‪8,713.8‬‬ ‫‪10,061.8‬‬ ‫‪17,974.7‬‬ ‫خـــــــام‬

‫)‪Total (x‬‬ ‫‪59,278.0‬‬ ‫‪34,529.1‬‬ ‫‪39,057.9‬‬ ‫‪50,161.1‬‬ ‫المجمــــــوع (‪)x‬‬

‫‪2-Raw Cotton‬‬ ‫‪1,055.1‬‬ ‫‪486.7‬‬ ‫‪1,485.5‬‬ ‫‪1,585.5‬‬ ‫‪ -2‬القطن الخــام‬

‫‪3- Main Raw Materials‬‬ ‫‪ -3‬أهم المواد الخـــــام‬

‫‪Oranges‬‬ ‫‪2,080.3‬‬ ‫‪2,750.8‬‬ ‫‪2,781.1‬‬ ‫‪3,212.0‬‬ ‫برتقال طازج‬
‫‪Fruit‬‬ ‫‪1,654.7‬‬ ‫‪2,648.2‬‬ ‫‪2,381.1‬‬ ‫‪2,708.2‬‬ ‫فواكة طازجة‬
‫‪Potatoes‬‬ ‫‪889.4‬‬ ‫‪808.9‬‬ ‫‪740.3‬‬ ‫‪1,524.6‬‬ ‫بطاطــــــس‬
‫‪Onions‬‬ ‫‪529.6‬‬ ‫‪935.0‬‬ ‫‪1,287.1‬‬ ‫‪1,273.0‬‬ ‫بصل طازج‬
‫‪Marble‬‬ ‫‪1,157.6‬‬ ‫‪2,412.3‬‬ ‫‪1,143.2‬‬ ‫‪818.5‬‬ ‫رخـــــام‬
‫‪Plants,aromatic & medical seeds‬‬ ‫‪347.6‬‬ ‫‪452.6‬‬ ‫‪511.3‬‬ ‫‪722.5‬‬ ‫نباتات وجزور للعطور والطب‬
‫‪Oil and fodder seeds‬‬ ‫‪113.4‬‬ ‫‪189.5‬‬ ‫‪272.8‬‬ ‫‪194.8‬‬ ‫بذور زيتية وعلفية‬
‫‪Sand‬‬ ‫‪117.5‬‬ ‫‪113.2‬‬ ‫‪139.9‬‬ ‫‪155.1‬‬ ‫رمـــال‬

‫)*( ‪Total‬‬ ‫‪11,061.7 15,632.9‬‬ ‫‪14,450.8‬‬ ‫‪15,997.0‬‬ ‫المجمــــــوع (*)‬

‫‪(X) Includes all coal kinds.‬‬ ‫(‪ )x‬يشمل الفحم بأنواعه ‪.‬‬
‫‪(*) Includes other raw materials.‬‬ ‫(*) يشمل مواد خام أخــــرى ‪.‬‬
‫‪Source : Central Agency for Public Mobilization‬‬ ‫المصدر ‪ :‬الجهاز المركزى للتعبئة العامة واالحصاء ‪ -‬الملخص‬
‫‪and Statistics - Monthly Brief of Foreign Trade Data.‬‬ ‫الشهري لبيانات التجارة الخارجية ‪.‬‬
3/3 (b) Exports of Main ‫ (ب) صادرات أهم السلع‬3/3
Semi-Finished Goods ‫نصف المصنعة‬
( L.E.mn.) ( ‫) مليون جنيه‬

End of 2008 2009 2010 2011 ‫فى نهاية‬

Primary forms of plastics 1,407.6 1,248.6 1,557.3 2,367.7 ‫لدائن بأشكالها األولية‬
Cotton yarn 722.4 808.0 1,692.5 1,780.8 ‫غزل القطن‬
Carbon 1,445.8 973.4 1,411.9 1765.5 ‫كربـــــون‬
Wax generated from minerals 750.5 840.5 1,147.6 1,374.1 ‫شموع مواد معدنية‬
Plant & animal oil 1,125.8 856.1 804.5 1,156.4 ‫زيوت ودهون نباتية وحيوانية‬
Tanned cow leather 229.1 571.7 779.1 672.1 ‫جلود البقـر مدبوغة‬
Creosote 3,672.7 910.0 1,254.7 407.5 ‫زيوت قطران خشب‬
Silicon iron 204.4 97.7 199.5 260.0 ‫حديــد سيليكون‬

Total (*) 17,372.0 20,688.7 27,402.1 33,928.6 )*(‫المجمـــوع‬

(*) Includes other Semi-Finished goods. . ‫(*) يشمل سلعا ً أخرى نصف مصنعة‬
Source : Central Agency for Public Mobilization ‫ الملخص‬- ‫ الجهاز المركزى للتعبئة العامة واالحصاء‬: ‫المصدر‬
and Statistics - Monthly Brief of Foreign Trade Data. . ‫الشهري لبيانات التجارة الخارجية‬
‫‪3/3 (C) Exports of Main Finished Goods‬‬ ‫‪( 3/3‬ج) صادرات أهم السلع تامة الصنع‬
‫)‪( L.E.mn.‬‬ ‫( مليون جنيه )‬

‫‪End of‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫فى نهاية‬

‫‪Cotton & woven goods‬‬ ‫‪5,796.9‬‬ ‫‪8,732.2‬‬ ‫‪9,662.5‬‬ ‫‪10,420.8‬‬ ‫أقمشة قطنية وألبسة من نسيج جاهزة‬
‫‪Fertilizers‬‬ ‫‪3,215.8‬‬ ‫‪6,349.9‬‬ ‫‪6,751.9‬‬ ‫‪8,186.7‬‬ ‫أسمـــــــدة‬
‫‪Iron Bars & sticks‬‬ ‫‪4,709.2‬‬ ‫‪1,388.5‬‬ ‫‪3,383.7‬‬ ‫‪3,326.2‬‬ ‫قضبان وعيدان وزوايا من حديد‬
‫‪Milk products‬‬ ‫‪1,980.5‬‬ ‫‪2,628.1‬‬ ‫‪3,032.2‬‬ ‫‪3,029.3‬‬ ‫منتجات ألبان‬
‫‪Carpets‬‬ ‫‪933.5‬‬ ‫‪1,679.6‬‬ ‫‪2,109.2‬‬ ‫‪2,331.6‬‬ ‫سجـــــاد وكليم‬
‫‪Wooden furniture‬‬ ‫‪1,425.6‬‬ ‫‪1,489.3‬‬ ‫‪1,276.1‬‬ ‫‪1,583.1‬‬ ‫أثــــاث‬
‫‪Ceramic sanitary wares & floor tiles‬‬ ‫‪1,622.6‬‬ ‫‪2,153.7‬‬ ‫‪1,872.2‬‬ ‫‪1,525.7‬‬ ‫بالط وأدوات صحية خزفية‬
‫‪Drugs & pharmaceutical compounds‬‬ ‫‪927.4‬‬ ‫‪1,351.4‬‬ ‫‪1,399.7‬‬ ‫‪1,467.5‬‬ ‫أدوية ومحضرات صيدلة‬
‫‪Soap & detergents‬‬ ‫‪1,139.5‬‬ ‫‪1,165.6‬‬ ‫‪1,116.3‬‬ ‫‪1,327.1‬‬ ‫صابون ومحضرات تنظيف‬
‫‪Plastic tubs & tanks‬‬ ‫‪764.9‬‬ ‫‪583.9‬‬ ‫‪625.2‬‬ ‫‪734.0‬‬ ‫مغاطس وأحواض من لدائن‬
‫‪Tyres of wheels‬‬ ‫‪296.3‬‬ ‫‪260.6‬‬ ‫‪339.5‬‬ ‫‪523.4‬‬ ‫اطارات خارجية لوسائل النقل‬

‫)*( ‪Total‬‬ ‫‪53,831.5‬‬ ‫‪62,938.7‬‬ ‫‪71,832.6‬‬ ‫‪79,259.9‬‬ ‫المجموع (*)‬

‫‪(*) Includes other Finished Goods.‬‬ ‫(*) يشمل سلعا ً أخرى تامة الصنع ‪.‬‬
‫‪Source : Central Agency for Public Mobilization‬‬ ‫المصدر ‪ :‬الجهاز المركزى للتعبئة العامة واالحصاء ‪ -‬الملخص‬
‫‪and Statistics - Monthly Brief of Foreign Trade Data.‬‬ ‫الشهري لبيانات التجارة الخارجية ‪.‬‬
 ‫‪3/4 Main Groups of Imports‬‬ ‫‪ 4/3‬أهـم الــواردات‬
‫‪3/4 (a) Imports of petroleum and Raw Materials‬‬ ‫‪( 4/3‬أ) واردات البترول والمواد الخــــام‬
‫)‪( L.E.mn.‬‬ ‫( مليون جنيه )‬
‫‪End of‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫فى نهاية‬

‫‪Fuel‬‬ ‫أهم أنواع الوقـــود‬

‫‪Oil products‬‬ ‫‪22,249.1‬‬ ‫‪17,634.7‬‬ ‫‪30,533.2‬‬ ‫‪41,824.2‬‬ ‫منتجات البترول‬
‫‪Crude oil‬‬ ‫‪8,474.6‬‬ ‫‪5,939.4‬‬ ‫‪7,484.2‬‬ ‫‪10,139.7‬‬ ‫بترول خام‬
‫‪Coal‬‬ ‫‪1,911.5‬‬ ‫‪912.5‬‬ ‫‪1,690.9‬‬ ‫‪1,738.2‬‬ ‫الفحم بأنواعــه‬

‫)‪Total Fuel (+‬‬ ‫‪30,723.7‬‬ ‫‪24,518.2‬‬ ‫‪39,764.6‬‬ ‫‪53,750.9‬‬ ‫مجموع الوقود (‪)+‬‬

‫‪Main Raw Materials‬‬ ‫أهـــم المـــواد الخــــام‬

‫‪Wheat‬‬ ‫‪11,509.1‬‬ ‫‪8,767.6‬‬ ‫‪12,253.2‬‬ ‫‪16,854.2‬‬ ‫قمــــــح‬
‫‪Maize‬‬ ‫‪5,297.0‬‬ ‫‪4,636.5‬‬ ‫‪7,184.4‬‬ ‫‪12,425.4‬‬ ‫ذرة‬
‫‪Soya beans‬‬ ‫‪2,820.3‬‬ ‫‪3673.5‬‬ ‫‪3,935.5‬‬ ‫‪5,432.2‬‬ ‫فول صويا‬
‫‪Iron ore‬‬ ‫‪3,338.0‬‬ ‫‪2,647.9‬‬ ‫‪3,076.4‬‬ ‫‪5,235.5‬‬ ‫خامات الحديد ومركزاتها‬

‫)*( ‪Total Raw Materials‬‬ ‫‪35,222.3‬‬ ‫‪22,274.1‬‬ ‫‪30,306.2‬‬ ‫‪44,212.5‬‬ ‫مجموع المواد الخام (*)‬
‫‪(+) Includes other kinds of fuel.‬‬ ‫(‪ )+‬تشمل أنواع وقود أخرى ‪.‬‬
‫‪(*) Includes other Raw Materials.‬‬ ‫(*) يشمل على مواد خام أخرى ‪.‬‬
‫‪Source : Central Agency for Public Mobilization‬‬ ‫المصدر ‪ :‬الجهاز المركزى للتعبئة العامة واالحصاء ‪ -‬الملخص‬
‫‪and Statistics - Monthly Brief of Foreign Trade Data.‬‬ ‫الشهري لبيانات التجارة الخارجية ‪.‬‬
3/4 (b) Imports of Main Intermediate Goods ‫ (ب) واردات أهم السلع الوسيطة‬4/3
( L.E.mn.) ) ‫( مليون جنيه‬
End of 2008 2009 2010 2011 ‫فى نهاية‬

Iron or steel raw materials 26,965.2 19,824.4 17,707.2 20,767.2 ‫مواد أولية من حديد أو صلب‬
Primary forms of plastic 10,025.5 8,077.4 9,671.0 13,236.0 ‫لدائن بأشكالها األولية‬
Organic and nonorganic chemical ‫مـــواد كيماويــة عضويــة‬
substances 8,763.0 7,034.4 8,253.9 9,586.0 ‫وغير عضويـــة‬
Fats & animal and vegetable oil 4,714.7 4,065.8 4,482.3 8,385.5 ‫دهون وشحوم وزيوت حيوانية ونباتية‬
Wood 6,306.8 5,969.0 6,772.5 7,791.4 ‫خشب ومصنوعاته‬
Copper & its products 8,264.3 3,344.1 3,100.0 5,679.3 ‫نحاس ومصنوعاته‬
Tubes and pipes and their needs ‫أنابيب ومواســير ولوازمهــا مـن‬
from iron & steel 6,250.7 6,732.1 4,903.2 5,248.5 ‫حديــد أو صلــب‬
Parts of cars 4,855.6 3,752.4 5,980.5 4,562.1 ‫أجزاء للسيارات‬
Sugar 2,589.3 1,247.8 2,612.4 4,081.4 ‫سكر خـــام‬
Threads from botanical or artificial hairs and fibres 2,839.9 2,545.2 2,694.9 3,830.7 ‫خيوط من شعيرات وألياف نباتية أو اصطناعية‬
Tanning & dyeing essences 2,385.9 2,026.1 2,518.8 3,085.1 ‫خالصات للدباغة والصباغة‬
Components of telephone & telegraph sets 2,609.6 2,276.9 2,350.6 1,751.7 ‫أجزاء ألجهزة الهاتف والبرق‬
News and printing papers 1,588.9 1,940.0 1,483.2 1,638.8 ‫ورق صحف وطباعة‬
Electric wires and cables 1,029.9 1,163.3 1,249.3 1,385.5 ‫أسالك وموصالت للكهرباء‬
Cement 165.0 891.9 1,321.9 327.2 ‫أسمنـــــت‬

Total (*) 135,443.0 109,691.4 121,630.8 143,699.5 )*( ‫المجموع‬

(*) Includes other intermediate goods. . ‫(*) تشتمل على سلع وسيطة أخرى‬
Source : Central Agency for Public Mobilization ‫ الملخص‬- ‫ الجهاز المركزى للتعبئة العامة واالحصاء‬: ‫المصدر‬
and Statistics - Monthly Brief of Foreign Trade Data. . ‫الشهري لبيانات التجارة الخارجية‬
‫‪3/4(C) Imports of Main Investment Goods‬‬ ‫‪( 4/3‬ج) واردات أهم السلع االستثمارية‬
‫)‪( L.E.mn.‬‬ ‫( مليون جنيه )‬

‫‪End of‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫فى نهاية‬

‫‪Engines, generators& electric‬‬ ‫محركـات ومولــدات ومحـوالت‬

‫‪transformers‬‬ ‫‪3,648.2‬‬ ‫‪3,360.9‬‬ ‫‪3,024.0‬‬ ‫‪3,608.8‬‬ ‫كهربائيـــــة‬
‫‪Pumps and propellers‬‬ ‫‪3,060.4‬‬ ‫‪2,832.6‬‬ ‫‪2,779.0‬‬ ‫‪2,466.3‬‬ ‫مضخات ومراوح‬
‫‪Trucks‬‬ ‫‪3,093.0‬‬ ‫‪2,275.6‬‬ ‫‪3,141.4‬‬ ‫‪2,228.7‬‬ ‫سيارات نقل البضائع‬
‫‪Automatic machines of special functions‬‬ ‫‪1,855.3‬‬ ‫‪1,544.6‬‬ ‫‪1,347.1‬‬ ‫‪1,320.5‬‬ ‫آالت وأجهزة اَلية ذات وظيفة خاصة‬
‫‪Elevators & cranes‬‬ ‫‪2,204.0‬‬ ‫‪2,199.4‬‬ ‫‪1,841.8‬‬ ‫‪1,317.4‬‬ ‫مصاعد وروافع‬
‫‪Communication machines‬‬ ‫‪455.3‬‬ ‫‪853.1‬‬ ‫‪1,388.0‬‬ ‫‪1,273.0‬‬ ‫أجهزة اتصاالت وسنتراالت‬
‫‪Seeds‬‬ ‫‪819.0‬‬ ‫‪987.6‬‬ ‫‪929.2‬‬ ‫‪1,218.1‬‬ ‫تقاوى وبذور للبذار‬
‫‪Medical and surgical machines‬‬ ‫أدوات وأجهــــــزة للطــــب‬
‫‪and equipment‬‬ ‫‪1,097.6‬‬ ‫‪1,000.4‬‬ ‫‪1,089.5‬‬ ‫‪1,006.5‬‬ ‫والجراحـــة‬
‫‪Engines‬‬ ‫‪881.2‬‬ ‫‪825.4‬‬ ‫‪937.3‬‬ ‫‪906.7‬‬ ‫محركات‬
‫‪Computers‬‬ ‫‪1,002.1‬‬ ‫‪711.7‬‬ ‫‪806.0‬‬ ‫‪895.0‬‬ ‫أجهزة أتوماتيكية لمعالجة المعلومات‬
‫‪Machines and machinery of ginning‬‬ ‫آالت وماكينــــات حلــــج‬
‫‪and weaving‬‬ ‫‪945.1‬‬ ‫‪497.3‬‬ ‫‪558.3‬‬ ‫‪690.2‬‬ ‫ونسيـــج‬

‫)*( ‪Total‬‬ ‫‪44,581.0‬‬ ‫‪46,330.9‬‬ ‫‪44,311.6‬‬ ‫‪42,068.9‬‬ ‫المجموع (*)‬

‫‪(*) Includes other Investment goods.‬‬ ‫(*) تشتمل على سلع استثمارية أخرى ‪.‬‬
‫‪Source : Central Agency for Public Mobilization‬‬ ‫المصدر ‪ :‬الجهاز المركزى للتعبئة العامة واالحصاء ‪ -‬الملخص‬
‫‪and Statistics - Monthly Brief of Foreign Trade Data.‬‬ ‫الشهري لبيانات التجارة الخارجية ‪.‬‬
‫‪3/4 (d) Imports of Main Consumer Goods‬‬ ‫‪( 4/3‬د) واردات أهــم السلع االستهالكية‬
‫)‪( L.E.mn.‬‬ ‫( مليون جنيه )‬

‫‪End of‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫فى نهاية‬

‫‪Durable Goods‬‬ ‫السلع المعمـــــرة‬

‫‪Cars‬‬ ‫‪3,922.7‬‬ ‫‪4,417.9‬‬ ‫‪7,387.1‬‬ ‫‪6,590.3‬‬ ‫سيارات ركوب‬
‫‪Mobiles‬‬ ‫‪2,477.3‬‬ ‫‪818.0‬‬ ‫‪2,468.4‬‬ ‫‪3,666.6‬‬ ‫أجهزة تليفون لألفراد‬
‫‪Furniture,seats and racks‬‬ ‫‪701.5‬‬ ‫‪602.0‬‬ ‫‪838.7‬‬ ‫‪727.3‬‬ ‫أثاث ومقاعد وحوامل فرش‬
‫‪Refrigerators‬‬ ‫‪711.1‬‬ ‫‪580.3‬‬ ‫‪810.0‬‬ ‫‪717.8‬‬ ‫ثالجات‬
‫‪Televisions‬‬ ‫‪482.2‬‬ ‫‪348.2‬‬ ‫‪390.0‬‬ ‫‪316.9‬‬ ‫تليفزيونات‬

‫)*( ‪Total‬‬ ‫‪12,493.5‬‬ ‫‪11,199.2‬‬ ‫‪16,723.0‬‬ ‫‪16,576.3‬‬ ‫المجموع (*)‬

‫‪Non - durable Goods‬‬ ‫السلع غير المعمــــرة‬

‫‪Pharmaceutical products‬‬ ‫‪5,008.3‬‬ ‫‪5,733.5‬‬ ‫‪5,940.5‬‬ ‫‪7,778.6‬‬ ‫أدوية ومحضرات صيدلة‬
‫‪Meat‬‬ ‫‪3,348.5‬‬ ‫‪3,210.3‬‬ ‫‪5,716.8‬‬ ‫‪5,206.7‬‬ ‫لحوم‬
‫‪Milk and products thereof‬‬ ‫‪2,833.2‬‬ ‫‪2,619.6‬‬ ‫‪2,898.4‬‬ ‫‪4,096.3‬‬ ‫ألبان ومنتجاتها‬
‫‪Fish‬‬ ‫‪2,038.3‬‬ ‫‪2,592.2‬‬ ‫‪2,778.9‬‬ ‫‪2,994.7‬‬ ‫أسماك‬
‫‪Fodder‬‬ ‫‪410.3‬‬ ‫‪661.7‬‬ ‫‪1,011.3‬‬ ‫‪2,108.3‬‬ ‫كســـــــب‬
‫‪Tea‬‬ ‫‪1,251.0‬‬ ‫‪1,267.3‬‬ ‫‪1,255.4‬‬ ‫‪1,727.4‬‬ ‫شــــــاى‬
‫‪Lentil‬‬ ‫‪366.8‬‬ ‫‪495.7‬‬ ‫‪631.4‬‬ ‫‪568.2‬‬ ‫عــــــدس‬
‫‪Alive cows and buffaloes‬‬ ‫‪44.2‬‬ ‫‪245.9‬‬ ‫‪704.6‬‬ ‫‪217.0‬‬ ‫أبقار وجاموس حية‬

‫)*( ‪Total‬‬ ‫‪37,705.9‬‬ ‫‪35,936.6‬‬ ‫‪47,576.5‬‬ ‫‪51,287.9‬‬ ‫المجموع (*)‬

‫‪(*) Includes other consumer goods.‬‬ ‫(*) تشتمل على سلع استهالكية أخرى ‪.‬‬
‫‪Source : Central Agency for Public Mobilization‬‬ ‫المصدر ‪ :‬الجهاز المركزى للتعبئة العامة واالحصاء ‪ -‬الملخص‬
‫‪and Statistics - Monthly Brief of Foreign Trade Data.‬‬ ‫الشهري لبيانات التجارة الخارجية ‪.‬‬
 3/5 Current Receipts and Payments ‫ المتحصالت والمدفوعات الجارية‬5/3
3/5 (a) Balance of Payments - General Resume ‫ ملخص عام‬- ‫ (أ) ميزان المدفوعات‬5/3
(US $mn.) ( ‫) مليون دوالر‬

End of 2008/2009 2009/2010(*) 2010/2011(*) 2010/2011(*) 2011/2012(*) ‫فى نهاية‬

July/Dec. July/Dec.

Trade Balance ‫الميزان التجارى‬

Export receipts(*) 25,168.9 23,873.1 26,992.5 12,667.8 13,588.7 )**( ‫حصيلة الصـــادرات‬
Import payments(*) (50,342.2) (48,993.1) (50,776.5) (27,150.3) (29,186.6) )**( ‫مدفوعات عن الواردات‬

Service Balance ( net ) ) ‫ميزان الخدمات ( صافى‬

Receipts 23,801.3 23,562.9 21,873.1 13,047.7 10,632.0 ‫المتحصالت‬
Payments (11,298.9) (13,223.9) (13,994.7) (7,463.7) (7,509.9) ‫المدفوعات‬

Balance of Goods & Services (12,670.9) (14,781.0) (15,905.6) (8,898.5) (12,475.8) ‫ميزان السلع والخدمات‬
Net Official & PrivateTransfers 8,246.6 10,463.4 13,136.8 6,337.5 8,421.8 ‫صافى التحويالت الرسمية والخاصة‬
Balance of Current Account (4,424.3) (4,317.6) (2,768.8) (2,561.0) (4,054.0) ‫ميزان المعامالت الجارية‬

(*) provisional . . ‫(*) أرقام مبدئية‬

(**) Include exports and imports of free zones. . ‫(**) تتضمن صادرات وواردات المناطق الحرة‬
Source : Central Bank of Egypt - Monthly Statistical Bulletin. . ‫ النشرة االحصائية الشهرية‬- ‫ البنك المركزى المصرى‬: ‫المصدر‬
Items of Balance of Payments ‫مكونا ت ميزان المدفوعات‬
3/5 (b) Current Receipts ‫ (ب) المتحصالت الجارية‬5/3
(US $mn.) ) ‫( مليون دوالر‬
End of 2008/2009 2009/2010(*) 2010/2011(*) 2010/2011(*) 2011/2012(*) ‫فى نهاية‬
July/Dec. July/Dec.

Export Receipts 25,168.9 23,873.1 26,992.5 12,667.8 13,588.7 ‫حصيلــة الصادرات‬

Service Receipts 23,801.3 23,562.9 21,873.1 13,047.7 10,632.0 ‫حصيلــة الخدمات‬
Transportation 7,481.0 7,216.5 8,069.1 4,169.8 4,300.1 ‫النقــــــل‬
Travel 10,487.6 11,591.3 10,588.7 6,942.9 5,061.3 ‫السفـــــر‬
Investment income 1,936.7 829.0 418.8 211.1 110.1 ‫دخل االستثمار‬
Government receipts 252.8 217.9 117.7 69.4 60.8 ‫متحصالت حكومية‬
Other receipts 3,643.2 3,708.2 2,678.8 1,654.5 1,099.7 ‫متحصالت أخرى‬
Net Official & Private Transfers 8,246.6 10,463.4 13,136.8 6,337.5 8,421.8 ‫صافى التحويالت الرسمية والخاصة‬

3/5 (C) Current Payments ‫ (ج) المدفوعــات الجاريـــة‬5/3

(US $mn.) ) ‫( مليون دوالر‬
End of 2008/2009 2009/2010(*) 2010/2011(*) 2010/2011(*) 2011/2012(*) ‫فى نهاية‬
July/Dec. July/Dec.

Import Payments 50,342.2 48,993.1 50,776.5 27,150.3 29,186.6 ‫المدفوعات عن الواردات‬

Service Payments 11,298.9 13,223.9 13,994.7 7,463.7 7,509.9 ‫مدفوعات عن الخدمات‬
Transportation 1,491.9 1,229.7 1,385.3 838.9 598.4 ‫النقــــــل‬
Travel 2,739.3 2,327.5 2,112.6 1,228.0 1,317.9 ‫السفــــــر‬
Investment income 1,783.1 5,193.7 6,466.5 3,038.2 3,204.6 ‫دخـل االستثمار‬
Government expenditures 1,182.3 1,534.5 1,106.1 796.3 630.8 ‫مصروفات حكومية‬
Other payments 4,102.3 2,938.5 2,924.2 1,562.3 1,758.2 ‫مدفوعات أخـرى‬

(*) provisional . . ‫(*) أرقام مبدئية‬

Source : Central Bank of Egypt - Monthly Statistical Bulletin. . ‫ النشرة االحصائية الشهرية‬- ‫ البنك المركزى المصرى‬: ‫المصدر‬
‫‪3/6 Net Foreign Direct Investment in Egypt (FDI) by Country‬‬ ‫‪ 6/3‬صافى االستثمارات األجنبية المباشرة فى مصر وفقا ً للدول‬
‫)‪(US $mn.‬‬ ‫) مليون دوالر (‬
‫‪End of‬‬ ‫‪2008/2009‬‬ ‫‪2009/2010‬‬ ‫)*(‪2010/2011‬‬ ‫)*(‪2010/2011‬‬ ‫فى نهاية )*(‪2011/2012‬‬
‫‪July/Dec.‬‬ ‫‪July/Dec.‬‬

‫‪Inflows‬‬ ‫‪12,836.1‬‬ ‫‪11,008.1‬‬ ‫‪9,574.4‬‬ ‫‪5,463.0‬‬ ‫‪3,991.3‬‬ ‫تدفقات للداخل‬

‫‪United States‬‬ ‫‪3,515.0‬‬ ‫‪1,424.9‬‬ ‫‪1,790.5‬‬ ‫‪1249.7‬‬ ‫‪220.7‬‬ ‫الواليات المتحدة األمريكية‬
‫‪EU Countries, of which:‬‬ ‫‪5,578.4‬‬ ‫‪6,763.2‬‬ ‫‪6,107.4‬‬ ‫‪3,333.2‬‬ ‫‪2,821.4‬‬ ‫دول االتحاد األوروبى ومنها‪:‬‬
‫‪Germany‬‬ ‫‪102.6‬‬ ‫‪109.7‬‬ ‫‪274.5‬‬ ‫‪137.5‬‬ ‫‪109.4‬‬ ‫ألمانيا‬
‫‪France‬‬ ‫‪254.3‬‬ ‫‪286.2‬‬ ‫‪227.0‬‬ ‫‪106.6‬‬ ‫‪154.2‬‬ ‫فرنسا‬
‫‪UK‬‬ ‫‪3,231.8‬‬ ‫‪4,926.1‬‬ ‫‪4,307.1‬‬ ‫‪2,333.9‬‬ ‫‪1634.5‬‬ ‫المملكة المتحدة‬
‫‪Italy‬‬ ‫‪70.1‬‬ ‫‪67.8‬‬ ‫‪246.5‬‬ ‫‪124.5‬‬ ‫‪93.4‬‬ ‫ايطاليا‬
‫‪Spain‬‬ ‫‪27.0‬‬ ‫‪80.5‬‬ ‫‪46.5‬‬ ‫‪28.0‬‬ ‫‪34.0‬‬ ‫أسبانيا‬
‫‪The Netherlands‬‬ ‫‪134.0‬‬ ‫‪128.8‬‬ ‫‪145.6‬‬ ‫‪105.4‬‬ ‫‪59.8‬‬ ‫هولندا‬
‫‪Arab Countries, of which:‬‬ ‫‪2,029.7‬‬ ‫‪1,439.5‬‬ ‫‪1,052.6‬‬ ‫‪512.3‬‬ ‫‪676.7‬‬ ‫الدول العربية ومنها‪:‬‬
‫‪Saudi Arabia‬‬ ‫‪514.1‬‬ ‫‪323.4‬‬ ‫‪206.3‬‬ ‫‪131.5‬‬ ‫‪129.4‬‬ ‫السعودية‬
‫‪United Arab Emirates‬‬ ‫‪1,037.4‬‬ ‫‪303.5‬‬ ‫‪410.8‬‬ ‫‪228.5‬‬ ‫‪326.1‬‬ ‫اإلمارات العربية المتحدة‬
‫‪Kuwait‬‬ ‫‪118.0‬‬ ‫‪188.7‬‬ ‫‪58.6‬‬ ‫‪19.0‬‬ ‫‪24.4‬‬ ‫الكويت‬
‫‪Other Countries‬‬ ‫‪1,713.0‬‬ ‫‪1,380.5‬‬ ‫‪623.9‬‬ ‫‪367.8‬‬ ‫‪272.5‬‬ ‫دول أخرى‬
‫‪Outflows‬‬ ‫)‪(4,722.7‬‬ ‫)‪(4,249.9‬‬ ‫)‪(7,385.8‬‬ ‫)‪(3,209.8‬‬ ‫)‪(4,409.4‬‬ ‫تدفقات للخارج‬

‫‪Net Foreign Direct Investment‬‬ ‫‪8,113.4‬‬ ‫‪6,758.2‬‬ ‫‪2,188.6‬‬ ‫‪2,253.2‬‬ ‫)‪(418.1‬‬ ‫صافى االستثمارات األجنبية المباشرة‬
‫‪(*) provisional .‬‬ ‫(*) أرقام مبدئية ‪.‬‬
‫‪Source : Central Bank of Egypt - Monthly Statistical Bulletin.‬‬ ‫المصدر ‪ :‬البنك المركزى المصرى ‪ -‬النشرة االحصائية الشهرية ‪.‬‬
‫‪3/7 Structure of Total Domestic Debt‬‬ ‫‪ 7/3‬هيكل إجمالى الدين المحلى‬
‫) ‪(L.E.mn.‬‬ ‫( مليون جنيه )‬
‫‪End of‬‬ ‫‪2008/2009‬‬ ‫‪2009/2010‬‬ ‫‪2010/2011‬‬ ‫‪2010/2011‬‬ ‫فى نهاية )*(‪2011/2012‬‬
‫‪July/Dec.‬‬ ‫‪July/Dec.‬‬

‫)‪Total Domestic Debt (1)+(2)+(3)-(4‬‬ ‫‪755,297‬‬ ‫‪888,661‬‬ ‫‪1,044,914‬‬ ‫‪962,277‬‬ ‫‪1,132,990‬‬ ‫إجمالى الدين العام المحلى (‪)4(-)3(+)2(+)1‬‬
‫‪1-Net Domestic Debt of Government‬‬ ‫‪562,327‬‬ ‫‪663,818‬‬ ‫‪808,113‬‬ ‫‪738,869‬‬ ‫‪894,620‬‬ ‫‪-1‬صافى الدين المحلى للحكومة‬
‫‪Balances of bonds & bills‬‬ ‫‪681,838‬‬ ‫‪779,232‬‬ ‫‪916,976‬‬ ‫‪847,923‬‬ ‫‪951,717‬‬ ‫األرصدة من السندات واألذون‬
‫‪Borrowing from other entities‬‬ ‫‪0‬‬ ‫‪0‬‬ ‫‪2,000‬‬ ‫‪0‬‬ ‫‪8,122‬‬ ‫اقتر اض من جهات أخرى‬
‫‪Credit facilities from the social insurance funds‬‬ ‫‪2,343‬‬ ‫‪2,343‬‬ ‫‪2,343‬‬ ‫‪2,343‬‬ ‫‪2,143‬‬ ‫تسهيالت ائتمانية من صندوق التأمين االجتماعى‬
‫‪Net government balances with the banking system‬‬ ‫)‪(121,854‬‬ ‫)‪(117,757‬‬ ‫)‪(113,206‬‬ ‫)‪(111,397‬‬ ‫)‪(67,362‬‬ ‫صافى أرصدة الحكومة لدى الجهاز المصرفى‬
‫‪2-Net Economic Authorities Debt‬‬ ‫‪52255‬‬ ‫‪67,771‬‬ ‫‪66,290‬‬ ‫‪70,115‬‬ ‫‪66,529‬‬ ‫‪-2‬صافى مديونية الهيئات العامة االقتصادية‬
‫‪Net balances with the banking system‬‬ ‫‪2,193‬‬ ‫‪16,302‬‬ ‫‪14,149‬‬ ‫‪17,448‬‬ ‫‪13,454‬‬ ‫صافى األرصدة لدى الجهاز المصرفى‬
‫‪Borrowing from NIB‬‬ ‫‪50,062‬‬ ‫‪51,469‬‬ ‫‪52,141‬‬ ‫‪52,667‬‬ ‫‪53,075‬‬ ‫االقتراض من بنك االستثمار القومى‬
‫‪3-Net Debts Due on the NIB‬‬ ‫‪200,754‬‬ ‫‪222,205‬‬ ‫‪238,179‬‬ ‫‪222,292‬‬ ‫‪239,729‬‬ ‫‪-3‬صافى مديونية بنك االستثمار القومى‬
‫‪4-NIB Intradebt‬‬ ‫‪60,039‬‬ ‫‪65,133‬‬ ‫‪67,668‬‬ ‫‪68,999‬‬ ‫‪67,888‬‬ ‫‪ -4‬المديونية البينية‬

‫‪Indicators‬‬ ‫مؤشرات‬
‫)‪Total Domestic Debt / GDP (%‬‬ ‫‪72.5‬‬ ‫‪73.6‬‬ ‫‪76.2‬‬ ‫‪69.8‬‬ ‫‪72.2‬‬ ‫الدين العام المحلى ‪ /‬الناتج المحلى اإلجمالى (‪)%‬‬
‫)‪Net Government Debt / GDP (%‬‬ ‫‪54.0‬‬ ‫‪55.0‬‬ ‫‪58.9‬‬ ‫‪53.9‬‬ ‫‪57.0‬‬ ‫صافى الدين المحلى الحكومى ‪ /‬الناتج المحلى اإلجمالى (‪)%‬‬
‫)‪Net Economic Authorities Debt / GDP (%‬‬ ‫‪5.0‬‬ ‫‪5.6‬‬ ‫‪4.9‬‬ ‫‪5.1‬‬ ‫‪4.2‬‬ ‫صافى مديونية الهيئات العامة االقتصادية ‪ /‬الناتج المحلى اإلجمالى (‪)%‬‬
‫)‪Net NIB Debt / GDP (%‬‬ ‫‪13.5‬‬ ‫‪13.0‬‬ ‫‪12.4‬‬ ‫‪11.1‬‬ ‫‪11.0‬‬ ‫صافى مديونية بنك االستثمار القومى ‪ /‬الناتج المحلى اإلجمالى (‪)%‬‬
‫‪(*) Provisional.‬‬ ‫(*) مبدئى‪.‬‬
‫‪Source : Central Bank of Egypt - Monthly Statistical Bulletin .‬‬ ‫المصدر ‪ :‬البنك المركزى المصرى ‪ -‬النشرة اإلحصائية الشهرية ‪.‬‬
‫‪3/8 External Debt‬‬ ‫‪ 8/3‬الدين الخارجــــى‬
‫) ‪(US$mn.‬‬ ‫( مليون دوالر )‬
‫)*(‬ ‫)*(‬ ‫)*(‬
‫‪End of‬‬ ‫‪2008/2009‬‬ ‫‪2009/2010‬‬ ‫‪2010/2011‬‬ ‫‪2010/2011‬‬ ‫‪2011/2012‬‬ ‫فى نهاية‬
‫‪July/Dec.‬‬ ‫‪July/Dec.‬‬

‫‪Total External Debt‬‬ ‫‪31,531.1‬‬ ‫‪33,694.2‬‬ ‫‪34,905.7‬‬ ‫‪34,992.5‬‬ ‫‪33,692.7‬‬ ‫إجمالى الدين الخارجى‬

‫‪Rescheduled bilateral debt‬‬ ‫‪14,081.4‬‬ ‫‪12,599.3‬‬ ‫‪12,860.6‬‬ ‫‪12,831.1‬‬ ‫‪11,758.4‬‬ ‫القروض الثنائية المعاد جدولتها‬
‫‪Other bilateral debt‬‬ ‫‪4,824.2‬‬ ‫‪4,692.4‬‬ ‫‪5,214.5‬‬ ‫‪4,948.4‬‬ ‫‪5,061.9‬‬ ‫القروض الثنائية األخرى‬
‫‪International & regional organizations‬‬ ‫‪8,168.8‬‬ ‫‪9,977.5‬‬ ‫‪10,808.6‬‬ ‫‪10,528.5‬‬ ‫‪11,009.0‬‬ ‫المؤسسات الدولية واالقليمية‬
‫‪Suppliers' & buyers' credit‬‬ ‫‪323.6‬‬ ‫‪313.5‬‬ ‫‪426.0‬‬ ‫‪414.8‬‬ ‫‪376.6‬‬ ‫تسهيالت المشترين و الموردين‬
‫‪Egyptian bonds and notes‬‬ ‫‪1,926.1‬‬ ‫‪3,079.5‬‬ ‫‪2,821.0‬‬ ‫‪3,067.0‬‬ ‫‪2,444.9‬‬ ‫سندات وصكوك مصرية‬
‫‪Short-term debt‬‬ ‫‪2,124.0‬‬ ‫‪2954.8‬‬ ‫‪2,757.5‬‬ ‫‪3,149.0‬‬ ‫‪3,025.6‬‬ ‫الدين قصير األجل‬
‫)‪Private sector debt (non-guaranteed‬‬ ‫‪83.0‬‬ ‫‪77.2‬‬ ‫‪17.5‬‬ ‫‪53.7‬‬ ‫‪16.3‬‬ ‫ديون القطاع الخاص (غير المضمونة)‬

‫‪Total Debt Service‬‬ ‫‪3,119.8‬‬ ‫‪2,617.5‬‬ ‫‪2,775.9‬‬ ‫‪1,382.2‬‬ ‫‪1,547.9‬‬ ‫إجمالى أعباء خدمة الدين الخارجى‬
‫)‪Interest (paid‬‬ ‫‪742.2‬‬ ‫‪652.5‬‬ ‫‪636.2‬‬ ‫‪321.6‬‬ ‫‪338.9‬‬ ‫الفوائد المدفوعة‬
‫)‪Principal (repaid‬‬ ‫‪2,377.6‬‬ ‫‪1,965.0‬‬ ‫‪2,139.7‬‬ ‫‪1,060.6‬‬ ‫‪1,209.0‬‬ ‫األقساط المسددة‬
‫)‪External debt / GDP (%‬‬ ‫‪16.9‬‬ ‫‪15.9‬‬ ‫‪15.2‬‬ ‫‪14.8‬‬ ‫‪12.9‬‬ ‫الدين الخارجى‪ /‬الناتج المحلى اإلجمالى (‪)%‬‬
‫‪(* ) Provisional .‬‬ ‫( * ) أرقام مبدئية ‪.‬‬
‫‪Source : Central Bank of Egypt - Monthly Statistical Bulletin .‬‬ ‫المصدر ‪ :‬البنك المركزى المصرى ‪ -‬النشرة اإلحصائية الشهرية ‪.‬‬
‫‪3/9 Suez Canal Traffic‬‬ ‫‪ 9/3‬حركة المالحة فى قناة السويس‬

‫‪End of‬‬ ‫‪2008/2009‬‬ ‫‪2009/2010‬‬ ‫‪2010/2011‬‬ ‫‪2010/2011‬‬ ‫‪2011/2012‬‬ ‫فى نهاية‬

‫‪July/Dec.‬‬ ‫‪July/Dec.‬‬

‫‪Oil Tankers‬‬ ‫ناقالت البترول‬

‫‪Number‬‬ ‫‪3,772.0‬‬ ‫‪3,438.0‬‬ ‫‪3,566.0‬‬ ‫‪1,858.0‬‬ ‫‪1,801.0‬‬ ‫العدد‬
‫)‪Net tonnage ( mn.tons‬‬ ‫‪128.6‬‬ ‫‪110.9‬‬ ‫‪112.7‬‬ ‫‪58.4‬‬ ‫‪60.7‬‬ ‫الحمولة الصافية ( بالمليون طن )‬

‫‪Other Vessels‬‬ ‫ناقالت أخرى‬

‫‪Number‬‬ ‫‪15,582.0‬‬ ‫‪14,066.0‬‬ ‫‪14,484.0‬‬ ‫‪7,484.0‬‬ ‫‪7,290.0‬‬ ‫العدد‬
‫)‪Net tonnage ( mn.tons‬‬ ‫‪682.8‬‬ ‫‪676.5‬‬ ‫‪784.2‬‬ ‫‪388.3‬‬ ‫‪418.0‬‬ ‫الحمولة الصافية ( بالمليون طن )‬

‫‪Total‬‬ ‫اإلجمالى‬
‫‪Number‬‬ ‫‪19,354.0‬‬ ‫‪17,504.0‬‬ ‫‪18,050.0‬‬ ‫‪9,342.0‬‬ ‫‪9,091.0‬‬ ‫العدد‬
‫)‪Net tonnage ( mn.tons‬‬ ‫‪811.4‬‬ ‫‪787.4‬‬ ‫‪896.9‬‬ ‫‪446.7‬‬ ‫‪478.7‬‬ ‫الحمولة الصافية ( بالمليون طن )‬

‫)*(‬ ‫)*(‬ ‫)*(‬ ‫)*(‬

‫)‪Receipts ( mn.$‬‬ ‫‪4,720.6‬‬ ‫‪4.516.8‬‬ ‫‪5,052.9‬‬ ‫‪2507.8‬‬ ‫‪2683.4‬‬ ‫المتحصالت (مليون دوالر )‬

‫‪(*) Provisional .‬‬ ‫(*) أرقام مبدئية ‪.‬‬

‫‪Source : Central Bank of Egypt - Monthly Statistical Bulletin .‬‬ ‫المصدر ‪ :‬البنك المركزى المصرى ‪ -‬النشرة اإلحصائية الشهرية ‪.‬‬
‫‪3/10 Number of Tourists & Nights‬‬ ‫‪ 10/3‬عدد السائحين والليالى السياحية‬

‫‪2009/2010‬‬ ‫‪2010/2011‬‬ ‫‪2010/2011‬‬ ‫‪2011/2012‬‬

‫‪End of‬‬ ‫‪July/Dec.‬‬ ‫‪July/Dec.‬‬ ‫فى نهاية‬

‫)‪Total Number of Tourists (ooo's‬‬ ‫‪13,758.0‬‬ ‫‪11,931.0‬‬ ‫‪7,796.0‬‬ ‫‪5,709.0‬‬ ‫إجمالى عدد السائحين الوافدين ( باأللف )‬
‫‪Europe‬‬ ‫‪10,439.0‬‬ ‫‪8,791.0‬‬ ‫‪5,858.0‬‬ ‫‪4,279.0‬‬ ‫الدول األوروبية‬
‫‪Middle East‬‬ ‫‪1,635.0‬‬ ‫‪1,636.0‬‬ ‫‪1,000.0‬‬ ‫‪875.0‬‬ ‫دول الشرق االوسط‬
‫‪Africa‬‬ ‫‪462.0‬‬ ‫‪482.0‬‬ ‫‪267.0‬‬ ‫‪219.0‬‬ ‫الدول األفريقية‬
‫‪North & Latin America‬‬ ‫‪531.0‬‬ ‫‪436.0‬‬ ‫‪294.0‬‬ ‫‪145.0‬‬ ‫دول األمريكتين‬
‫‪Asia & Pacific‬‬ ‫‪652.0‬‬ ‫‪560.0‬‬ ‫‪359.0‬‬ ‫‪179.0‬‬ ‫دول آسيا والباسيفيك‬
‫‪Others‬‬ ‫‪39.0‬‬ ‫‪26.0‬‬ ‫‪18.0‬‬ ‫‪12.0‬‬ ‫دول أخرى‬

‫)‪Total Number of Tourists (ooo's‬‬ ‫‪136,370.0‬‬ ‫‪124,571.0‬‬ ‫‪81,680.0‬‬ ‫‪71,322.0‬‬ ‫إجمالى عدد الليالى السياحية ( باأللف )‬
‫‪Europe‬‬ ‫‪97,305.0‬‬ ‫‪83,934.0‬‬ ‫‪55,846.0‬‬ ‫‪45,888.0‬‬ ‫الدول األوروبية‬
‫‪Middle East‬‬ ‫‪21,514.0‬‬ ‫‪23,737.0‬‬ ‫‪15,610.0‬‬ ‫‪17,466.0‬‬ ‫دول الشرق االوسط‬
‫‪Africa‬‬ ‫‪5,538.0‬‬ ‫‪5,920.0‬‬ ‫‪3,238.0‬‬ ‫‪3,420.0‬‬ ‫الدول األفريقية‬
‫‪North & Latin America‬‬ ‫‪6,219.0‬‬ ‫‪5,581.0‬‬ ‫‪3,715.0‬‬ ‫‪2,485.0‬‬ ‫دول األمريكتين‬
‫‪Asia & Pacific‬‬ ‫‪5,462.0‬‬ ‫‪5,136.0‬‬ ‫‪3,100.0‬‬ ‫‪1,942.0‬‬ ‫دول آسيا والباسيفيك‬
‫‪Others‬‬ ‫‪332.0‬‬ ‫‪263.0‬‬ ‫‪171.0‬‬ ‫‪121.0‬‬ ‫دول أخرى‬

‫) ‪Average period of stay for year ( One night‬‬ ‫‪9.9‬‬ ‫‪10.4‬‬ ‫‪10.0‬‬ ‫‪12.5‬‬ ‫متوسط مدة االقامة فى السنة ( ليلة )‬

‫)*(‬ ‫)*(‬ ‫)*(‬ ‫)*(‬

‫)‪Total Tourist Revenues ($mn.‬‬ ‫‪11,591.3‬‬ ‫‪10,588.7‬‬ ‫‪6,942.9‬‬ ‫‪5,061.3‬‬ ‫االيرادات السياحية ( مليون دوالر )‬

‫‪(*) Provisional .‬‬ ‫(*) أرقام مبدئية ‪.‬‬

‫‪Source:Central Bank of Egypt - Monthly Statistical Bulletin.‬‬ ‫المصدر ‪ :‬البنك المركزى المصرى ‪ -‬النشرة االحصائية الشهرية ‪.‬‬
‫‪3/11 Egypt's International Liquidity Position‬‬ ‫‪ 11/3‬مركز السيولـة الدوليـة لمصر‬
‫)‪( US$mn.‬‬ ‫( مليون دوالر )‬

‫العمالت األجنبية‬ ‫الذهب‬ ‫حقوق السحب الخاصة‬ ‫صافى مركز مصر االحتياطى‬ ‫اإلجمالى بدون الذهب‬
‫فى نهاية‬ ‫‪Foreign‬‬ ‫لدى صندوق النقد الدولى‬ ‫‪Total Reserves‬‬
‫‪End of‬‬ ‫‪Exchange‬‬ ‫‪Gold‬‬ ‫‪SDRs‬‬ ‫‪Reserve Position‬‬ ‫) ‪(minus Gold‬‬
‫‪in the Fund‬‬

‫‪2003‬‬ ‫‪13,400‬‬ ‫‪631‬‬ ‫‪189‬‬ ‫‪-‬‬ ‫‪13,589‬‬

‫‪2004‬‬ ‫‪14,108‬‬ ‫‪717‬‬ ‫‪165‬‬ ‫‪-‬‬ ‫‪14,273‬‬
‫‪2005‬‬ ‫‪20,508‬‬ ‫‪779‬‬ ‫‪101‬‬ ‫‪-‬‬ ‫‪20,609‬‬
‫‪2006‬‬ ‫‪24,341‬‬ ‫‪1,119‬‬ ‫‪121‬‬ ‫‪-‬‬ ‫‪24,462‬‬
‫‪2007‬‬ ‫‪19,019‬‬ ‫‪2‬‬ ‫‪85‬‬ ‫‪-‬‬ ‫‪19,103‬‬
‫‪2008‬‬ ‫‪20,846‬‬ ‫‪2‬‬ ‫‪70‬‬ ‫‪-‬‬ ‫‪20,916‬‬
‫‪2009‬‬ ‫‪19,741‬‬ ‫‪2‬‬ ‫‪833‬‬ ‫‪-‬‬ ‫‪20,574‬‬
‫‪2010‬‬ ‫‪21,007‬‬ ‫‪2‬‬ ‫‪819‬‬ ‫‪-‬‬ ‫‪21,825‬‬
‫‪2011‬‬ ‫‪8,896‬‬ ‫‪2‬‬ ‫‪819‬‬ ‫‪-‬‬ ‫‪9,715‬‬

‫‪2011 Q2‬‬ ‫‪13,872‬‬ ‫‪2‬‬ ‫‪819‬‬ ‫‪-‬‬ ‫‪14,691‬‬

‫‪Q3‬‬ ‫‪12,600‬‬ ‫‪2‬‬ ‫‪819‬‬ ‫‪-‬‬ ‫‪13,420‬‬
‫‪Q4‬‬ ‫‪8,896‬‬ ‫‪2‬‬ ‫‪819‬‬ ‫‪-‬‬ ‫‪9,715‬‬

‫‪2012 Jan.‬‬ ‫‪7,649‬‬ ‫‪2‬‬ ‫‪819‬‬ ‫‪-‬‬ ‫‪8,468‬‬

‫‪Feb.‬‬ ‫‪7,188‬‬ ‫‪2‬‬ ‫‪819‬‬ ‫‪-‬‬ ‫‪8,008‬‬

‫‪Source :I.M.F. International Financial Statistics,‬‬ ‫المصدر ‪ :‬تقرير االحصاءات المالية الدولية ‪ -‬صندوق النقد الدولى‬
‫‪various issues.‬‬ ‫أعداد مختلفة ‪.‬‬
3/12 Projects Established under the Investment (*) )*( ‫ المشروعات المنشأة وفقا لقانون االستثمار‬12/3
3/12 (a) Investment Projects - Inside the Country ‫ (أ) مشروعات االستثمار الموافق عليها للعمل داخل البالد‬12/3
( L.E.mn.) ) ‫( مليون جنيه‬
Projects End of June 2008 2009 2010 2011 ‫فى نهاية يونيو‬ ‫مشروعات‬
Industrial ‫صناعية‬
Number 20,115 21,220 22,514 23,695 ‫عـــدد‬
Capital 172,227 195,358 206,462 223,878 ‫رأس المال‬
Services ‫خدمية‬
Number 17,589 20,260 23,363 25,988 ‫عـــدد‬
Capital 77,108 85,011 108,659 116,251 ‫رأس المال‬
Tourist ‫سياحية‬
Number 4,701 5,057 5,671 6,067 ‫عـــدد‬
Capital 83,041 94,880 104,459 109,811 ‫رأس المال‬
Construction ‫انشائية‬
Number 5,555 6,343 7,449 8,320 ‫عـــدد‬
Capital 46,642 58,357 82,993 95,820 ‫رأس المال‬
Financial ‫تمويلية‬
Number 1,534 1,561 1,559 1,570 ‫عـــدد‬
Capital 66,383 71,498 71,900 73,873 ‫رأس المال‬
Corporations of comunications ‫شركات االتصاالت‬
and Informations tecnology ‫وتكنولوجيا المعلومات‬
Number 2,790 3,247 3,761 4,207 ‫عـــدد‬
Capital 38,565 44,268 45,145 45,517 ‫رأس المال‬
Agricultural ‫زراعية‬
Number 4,187 4,878 5,481 5,894 ‫عـــدد‬
Capital 22,081 26,375 36,695 39,236 ‫رأس المال‬
Total Projects ‫اإلجمالى العــام للمشروعات‬
Number 56,471 62,566 69,798 75,741 ‫عـــدد‬
Capital 506,047 575,747 656,313 704,387 ‫رأس المال‬

(*) Include internal investment ,free zones &159 law. .159 ‫ مناطق حرة و قانون‬,‫(*) تشمل استثمار داخلى‬
Source : General Authority for Investment & Free Zones. 0‫ الهيئة العامة لالستثمار والمناطق الحرة‬: ‫المصدر‬
‫‪3/12 (b) Investment Projects in Free Zones‬‬ ‫‪( 12/3‬ب) مشروعات االستثمار الموافق عليها للعمل‬
‫بالمناطق الحرة‬
‫)‪( L.E.mn.‬‬ ‫( القيمة بالمليون جنيه )‬

‫‪End of June‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫فى نهاية يونيو‬

‫‪Inside Egypt‬‬ ‫داخل البالد‬

‫‪Number‬‬ ‫‪30,146‬‬ ‫‪32,942‬‬ ‫‪36,357‬‬ ‫‪38,947‬‬ ‫عــــدد‬
‫‪Capital‬‬ ‫‪287,164‬‬ ‫‪325,554‬‬ ‫‪366,607‬‬ ‫‪396,132‬‬ ‫رأس المال‬
‫‪159 Law‬‬ ‫قانون ‪159‬‬
‫‪Number‬‬ ‫‪25,256‬‬ ‫‪28,505‬‬ ‫‪32,399‬‬ ‫‪35,714‬‬ ‫عــــدد‬
‫‪Capital‬‬ ‫‪188,849‬‬ ‫‪219,176‬‬ ‫‪258,798‬‬ ‫‪275,123‬‬ ‫رأس مال‬
‫‪Free Zones‬‬ ‫المناطق الحرة‬
‫‪Number‬‬ ‫‪1,069‬‬ ‫‪1,119‬‬ ‫‪1,042‬‬ ‫‪1,080‬‬ ‫عــــدد‬
‫‪Capital‬‬ ‫‪30,034‬‬ ‫‪31,017‬‬ ‫‪30,908‬‬ ‫‪33,132‬‬ ‫رأس المال‬
‫‪Grand Total‬‬ ‫اإلجمالى العام‬
‫‪Number‬‬ ‫‪56,471‬‬ ‫‪62,566‬‬ ‫‪69,798‬‬ ‫‪75,741‬‬ ‫عــــدد‬
‫‪Capital‬‬ ‫‪506,047‬‬ ‫‪575,747‬‬ ‫‪656,313‬‬ ‫‪704,387‬‬ ‫رأس المال‬

‫& ‪Source : General Authority for Investment‬‬ ‫المصدر ‪ :‬الهيئة العامة لالستثمار والمناطق‬
‫‪Free Zones.‬‬ ‫الحرة ‪0‬‬
‫)‪Main World Economic Indicators (%‬‬ ‫أهم مؤشرات االقتصاد العالمى (‪)%‬‬
‫‪Items‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫)*(‪2012‬‬ ‫)*(‪2013‬‬ ‫البيـــــــــــان‬
‫‪1- World GDP‬‬ ‫‪ -1‬الناتج المحلى االجمالى العالمى‬
‫‪World Real GDP Growth‬‬ ‫)‪(0.6‬‬ ‫‪5.3‬‬ ‫‪3.9‬‬ ‫‪3.5‬‬ ‫‪4.1‬‬ ‫معدل النمو الحقيقى للناتج المحلى االجمالى العالمى‬
‫‪Advanced economies , of which‬‬ ‫)‪(3.6‬‬ ‫‪3.2‬‬ ‫‪1.6‬‬ ‫‪1.4‬‬ ‫‪2.0‬‬ ‫الدول المتقدمة ومنها‪:‬‬
‫‪USA‬‬ ‫)‪(3.5‬‬ ‫‪3.0‬‬ ‫‪1.7‬‬ ‫‪2.1‬‬ ‫‪2.4‬‬ ‫الواليات المتحدة‬
‫‪Japan‬‬ ‫)‪(5.5‬‬ ‫‪4.4‬‬ ‫)‪(0.7‬‬ ‫‪2.0‬‬ ‫‪1.7‬‬ ‫اليابان‬
‫‪Euro Area‬‬ ‫)‪(4.3‬‬ ‫‪1.9‬‬ ‫‪1.4‬‬ ‫)‪(0.3‬‬ ‫‪0.9‬‬ ‫االتحاد األوروبى‬
‫‪Emerging & developing economies , of which‬‬ ‫‪2.8‬‬ ‫‪7.5‬‬ ‫‪6.2‬‬ ‫‪5.7‬‬ ‫‪6.0‬‬ ‫االقتصادات الناشئة والنامية ومنها ‪:‬‬
‫‪Sub-Saharan Africa‬‬ ‫‪2.8‬‬ ‫‪5.3‬‬ ‫‪5.1‬‬ ‫‪5.4‬‬ ‫‪5.3‬‬ ‫أفريقيا ‪ -‬جنوب الصحراء‬
‫‪Asia‬‬ ‫‪7.1‬‬ ‫‪9.7‬‬ ‫‪7.8‬‬ ‫‪7.3‬‬ ‫‪7.9‬‬ ‫آسيا‬
‫‪Central and eastern Europe‬‬ ‫)‪(3.6‬‬ ‫‪4.5‬‬ ‫‪5.3‬‬ ‫‪1.9‬‬ ‫‪2.9‬‬ ‫دول وسط وشرق أوروبا‬
‫‪Middle East and North Africa‬‬ ‫‪2.7‬‬ ‫‪4.9‬‬ ‫‪3.5‬‬ ‫‪4.2‬‬ ‫‪3.7‬‬ ‫دول الشرق األوسط وشمال إفريقيا‬
‫‪2- Saving & Investment‬‬ ‫‪ -2‬االدخار واالستثمار‬
‫)‪Saving / GDP (World‬‬ ‫‪21.9‬‬ ‫‪23.3‬‬ ‫‪24.0‬‬ ‫‪24.4‬‬ ‫‪24.8‬‬ ‫االدخار ‪ /‬الناتج المحلى اإلجمالى (العالمى)‬
‫)‪Investment / GDP (World‬‬ ‫‪21.7‬‬ ‫‪22.8‬‬ ‫‪23.5‬‬ ‫‪24.0‬‬ ‫‪24.5‬‬ ‫االستثمار ‪ /‬الناتج المحلى اإلجمالى (العالمى)‬
‫)‪Saving / GDP (Advanced Economies‬‬ ‫‪17.2‬‬ ‫‪18.2‬‬ ‫‪18.5‬‬ ‫‪18.6‬‬ ‫‪19.1‬‬ ‫االدخار ‪ /‬الناتج المحلى اإلجمالى (الدول المتقدمة)‬
‫)‪Investment / GDP (Advanced Economies‬‬ ‫‪17.7‬‬ ‫‪18.6‬‬ ‫‪18.8‬‬ ‫‪19.2‬‬ ‫‪19.4‬‬ ‫االستثمار ‪ /‬الناتج المحلى اإلجمالى (الدول المتقدمة)‬
‫)‪Saving / GDP (Emerging & Devoloping Countries‬‬ ‫‪32.1‬‬ ‫‪32.9‬‬ ‫‪33.6‬‬ ‫‪33.7‬‬ ‫‪33.9‬‬ ‫االدخار ‪ /‬الناتج المحلى اإلجمالى (الدول الناشئة والنامية)‬
‫)‪Investment / GDP (Emerging & Devoloping Countries‬‬ ‫‪30.5‬‬ ‫‪31.0‬‬ ‫‪31.8‬‬ ‫‪32.1‬‬ ‫‪32.7‬‬ ‫االستثمار ‪ /‬الناتج المحلى اإلجمالى (الدول الناشئة والنامية)‬
‫‪3-Balance of Current Account (Advanced Economies)"US$‬‬
‫)‪(86.8‬‬ ‫)‪(85.4‬‬ ‫)‪(102.8‬‬ ‫)‪(157.6‬‬ ‫)‪(80.3‬‬ ‫‪-3‬ميزان المعامالت الجارية للدول المتقدمة (مليار دوالر)‬
‫"‪bn.‬‬
‫‪Balance of Current Account ( Emerging & Devoloping‬‬
‫‪294.7‬‬ ‫‪400.6‬‬ ‫‪476.3‬‬ ‫‪450.3‬‬ ‫‪373.3‬‬ ‫ميزان المعامالت الجارية للدول النامية (مليار دوالر)‬
‫"‪Countries)"US$ bn.‬‬
‫) ‪4-Debt Services Payments ( Interests & Instatment‬‬ ‫‪-4‬أعباء خدمة الدين الخارجى‬
‫‪As a percentage of Exports of Goods & Services‬‬ ‫‪9.9‬‬ ‫‪8.2‬‬ ‫‪8.4‬‬ ‫‪8.9‬‬ ‫‪9.1‬‬ ‫كنسبة من الناتج المحلى اإلجمالى‬
‫‪(*) Projected .‬‬ ‫(*) مستهدف ‪.‬‬
‫‪Source: IMF - World Economic Outlook.‬‬ ‫المصدر‪ :‬صندوق النقد الدولى ‪ -‬آفاق االقتصاد العالمى ‪.‬‬
‫) ‪Main World Economic Indicators ( Cont.‬‬ ‫تابع ‪ -‬مؤشـــرات االقـتصاد العالمى‬

‫‪Items‬‬ ‫‪Unit‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫وحدة القياس‬ ‫البيـــــــــــان‬

‫‪5- World Total Reserves ( Minus Gold) , of which‬‬ ‫‪SDRs bn.‬‬ ‫‪4,810.2‬‬ ‫‪5,448.1‬‬ ‫‪6,262.7‬‬ ‫مليار وحدة حقوق سحب ‪6,933.2‬‬ ‫‪ -5‬اإلحتياطيات الدولية (عدا الذهب) ‪ ،‬ومنها لدى ‪:‬‬
‫‪Advanced Economies , of which‬‬ ‫""‬ ‫‪1,650.0‬‬ ‫‪1,929.8‬‬ ‫‪2,172.2‬‬ ‫‪2,414.1‬‬ ‫""‬ ‫الدول المتقدمة ومنها‪:‬‬
‫‪USA‬‬ ‫""‬ ‫‪43.2‬‬ ‫‪76.4‬‬ ‫‪78.8‬‬ ‫‪89.2‬‬ ‫""‬ ‫الواليات المتحدة‬
‫‪Japan‬‬ ‫""‬ ‫‪655.3‬‬ ‫‪652.1‬‬ ‫‪689.3‬‬ ‫‪819.5‬‬ ‫""‬ ‫اليابان‬
‫‪Euro Area‬‬ ‫""‬ ‫‪142.0‬‬ ‫‪180.4‬‬ ‫‪195.0‬‬ ‫‪206.3‬‬ ‫""‬ ‫االتحاد األوروبى‬
‫‪Emerging & Dev. Economies , of which‬‬ ‫""‬ ‫‪3,160.2‬‬ ‫‪3,518.3‬‬ ‫‪4,090.5‬‬ ‫‪4,519.1‬‬ ‫""‬ ‫االقتصاديات الناشئه و النامية ومنها ‪:‬‬
‫‪Middle East & North Africa‬‬ ‫""‬ ‫‪602.2‬‬ ‫‪595.8‬‬ ‫‪659.8‬‬ ‫‪725.7‬‬ ‫""‬ ‫الشرق األوسط و جنوب أفريقيا‬
‫‪Developing Asia‬‬ ‫""‬ ‫‪1,653.3‬‬ ‫‪1,971.4‬‬ ‫‪2,368.0‬‬ ‫‪2,634.4‬‬ ‫""‬ ‫آسيا‬
‫‪6-Central Bank Discount Rates :‬‬ ‫‪ -6‬سعر الخصم لدى البنك المركزى ‪:‬‬
‫‪USA‬‬ ‫)‪(%‬‬ ‫‪0.13‬‬ ‫‪0.13‬‬ ‫‪0.13‬‬ ‫‪0.13‬‬ ‫)‪(%‬‬ ‫الواليات المتحدة‬
‫‪Japan‬‬ ‫""‬ ‫‪0.30‬‬ ‫‪0.30‬‬ ‫‪0.30‬‬ ‫‪0.30‬‬ ‫""‬ ‫اليابان‬
‫‪Euro Area‬‬ ‫""‬ ‫‪3.0‬‬ ‫‪1.75‬‬ ‫‪1.75‬‬ ‫‪1.75‬‬ ‫""‬ ‫االتحاد األوروبى‬
‫‪7- LIBOR on US$ Deposits , for‬‬ ‫)‪(%‬‬ ‫(‪)%‬‬ ‫‪ -7‬سعر الفائدة بين البنوك في سوق لندن على الدوالر األمريكى‬
‫‪ One- Month‬ــ‬ ‫""‬ ‫‪2.67‬‬ ‫‪0.33‬‬ ‫‪0.27‬‬ ‫‪0.23‬‬ ‫""‬ ‫ـ شهر‬
‫‪Three-Month‬ــ‬ ‫""‬ ‫‪2.91‬‬ ‫‪0.69‬‬ ‫‪0.34‬‬ ‫‪0.34‬‬ ‫""‬ ‫ـ ‪ 3‬شهور‬
‫‪One-Year‬ــ‬ ‫""‬ ‫‪3.08‬‬ ‫‪1.57‬‬ ‫‪0.92‬‬ ‫‪0.83‬‬ ‫""‬ ‫ـ سنة‬
‫)‪8- CPI annual change (World‬‬ ‫)‪(%‬‬ ‫‪5.8‬‬ ‫‪2.10‬‬ ‫‪3.3‬‬ ‫‪4.4‬‬ ‫(‪)%‬‬ ‫‪ -8‬معدل التغير في الرقم القياسى ألسعار المستهلكين للعالم‬
‫‪Advanced Economies‬‬ ‫""‬ ‫‪3.4‬‬ ‫‪0.10‬‬ ‫‪1.5‬‬ ‫‪2.7‬‬ ‫""‬ ‫للدول المتقدمة‬
‫‪Emerging & Dev. Economies‬‬ ‫""‬ ‫‪9.5‬‬ ‫‪5.30‬‬ ‫‪6.0‬‬ ‫‪7.1‬‬ ‫""‬ ‫القتصاديات الناشئه و النامية‬
‫‪9- Value Of World Exports‬‬ ‫‪US$ bn.‬‬ ‫‪16,011.9‬‬ ‫‪12,375.0‬‬ ‫‪15,073.1‬‬ ‫‪17,819.1‬‬ ‫مليار دوالر‬ ‫‪ -9‬قيمة الصادرات العالمية‬
‫‪Value Of World Imports‬‬ ‫""‬ ‫‪16,292.1‬‬ ‫‪12,513.6‬‬ ‫‪15,184.7‬‬ ‫‪18,076.2‬‬ ‫""‬ ‫قيمة الواردات العالمية‬

‫‪Source: IMF - International Financial Statistical "IFS" .‬‬ ‫المصدر ‪ :‬تقرير االحصاءات المالية الدولية ‪ -‬صندوق النقد الدولى ‪.‬‬
4- International Statistics ‫ االحصائيات الدوليــــة‬-4
4/1 Value of International Trade ‫ قيمة التجارة الدولية‬1/4
( US$bn.) ) ‫( مليار دوالر أمريكى‬

End of 2008 2009 2010 2011 ‫فى نهاية‬

Advanced Economies ‫الدول المتقدمة‬

Imports 10,913.1 8,273.4 9,782.9 11,436.1 ‫الواردات‬
Exports 9,992.5 7,821.1 9,231.7 10,696.3 ‫الصادرات‬

Emerging & Dev. Economies ‫االقتصاديات الناشئه و النامية‬

Imports 5,432.3 4,284.0 5,461.7 6,731.4 ‫الواردات‬
Exports 6,069.8 4,591.1 5,892.0 7,244.8 ‫الصادرات‬

Grand Total(*) )*(‫اإلجمالــى‬

Imports 16,292.1 12,513.6 15,184.7 18,076.2 ‫الواردات‬
Exports 16,011.9 12,375.0 15,073.1 17,819.1 ‫الصادرات‬

(*) Differences in additions are due to approximations using .‫(*) الفروق فى التجميعات نتيجة التقريبات من المصدر‬
the source.
Source: IMF - International Financial Statistical "IFS" . . ‫ صندوق النقد الدولى‬- ‫ تقرير االحصاءات المالية الدولية‬: ‫المصدر‬
 ‫)*(‪4/2 petroleum‬‬ ‫‪ 2/4‬البترول العالمى(*)‬
‫‪4/2 (a) Crude Oil Production in OPEC and‬‬ ‫‪( 2/4‬أ) انتاج البترول الخام لدول األوبك و‬
‫‪Selected Countries‬‬ ‫بعض الدول المختارة‬
‫) ‪( 000' Barrels / day‬‬ ‫( ألف برميل ‪ /‬يوم )‬
‫‪Countries‬‬ ‫‪2007‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫الدولة‬

‫)**(‪1- OPEC‬‬ ‫‪31,123.4‬‬ ‫‪32,075.4‬‬ ‫‪28,927.1‬‬ ‫‪29,183.0‬‬ ‫‪ -1‬دول األوبك(**)‬

‫‪Saudi Arabia‬‬ ‫‪8,816.0‬‬ ‫‪9,198.0‬‬ ‫‪8,184.0‬‬ ‫‪8,165.6‬‬ ‫السعودية‬
‫‪Iran‬‬ ‫‪4,030.7‬‬ ‫‪4,055.7‬‬ ‫‪3,557.1‬‬ ‫‪3,544.0‬‬ ‫ايران‬
‫‪Venezuela‬‬ ‫‪2,981.9‬‬ ‫‪2,957.5‬‬ ‫‪2,878.1‬‬ ‫‪2,853.6‬‬ ‫فنزويال‬
‫‪Iraq‬‬ ‫‪2,035.2‬‬ ‫‪2,280.5‬‬ ‫‪2,336.2‬‬ ‫‪2,358.1‬‬ ‫العراق‬
‫‪United Arab Emirates‬‬ ‫‪2,529.0‬‬ ‫‪2,572.2‬‬ ‫‪2,241.6‬‬ ‫‪2,323.8‬‬ ‫دولة االمارات العربية‬
‫‪Kuwait‬‬ ‫‪2,574.5‬‬ ‫‪2,676.0‬‬ ‫‪2,261.6‬‬ ‫‪2,312.1‬‬ ‫الكويت‬
‫‪Nigeria‬‬ ‫‪2,059.3‬‬ ‫‪2,017.4‬‬ ‫‪1,842.0‬‬ ‫‪2,048.3‬‬ ‫نيجيريا‬
‫‪Angola‬‬ ‫‪1,694.6‬‬ ‫‪1,896.3‬‬ ‫‪1,738.9‬‬ ‫‪1,691.2‬‬ ‫أنجوال‬
‫‪Libya‬‬ ‫‪1,673.9‬‬ ‫‪1,721.5‬‬ ‫‪1,473.9‬‬ ‫‪1,486.6‬‬ ‫ليبيـــا‬
‫‪Algeria‬‬ ‫‪1,371.6‬‬ ‫‪1,356.0‬‬ ‫‪1,216.0‬‬ ‫‪1,189.8‬‬ ‫الجزائـــر‬
‫‪Qatar‬‬ ‫‪845.3‬‬ ‫‪842.8‬‬ ‫‪733.0‬‬ ‫‪733.4‬‬ ‫قطر‬
‫‪Ecuador‬‬ ‫‪511.4‬‬ ‫‪501.4‬‬ ‫‪464.7‬‬ ‫‪476.4‬‬ ‫اكوادور‬

‫‪2- America‬‬ ‫‪16,288.5‬‬ ‫‪15,934.4‬‬ ‫‪16,084.3‬‬ ‫‪16,382.7‬‬ ‫‪ -2‬دول األمريكتين‬

‫‪3- Europe‬‬ ‫‪16,323.6‬‬ ‫‪16,086.0‬‬ ‫‪16,204.1‬‬ ‫‪16,166.3‬‬ ‫‪ -3‬الدول األوروبية‬
‫‪4- Middle East‬‬ ‫‪22,361.6‬‬ ‫‪23,141.6‬‬ ‫‪20,868.5‬‬ ‫‪21,026.4‬‬ ‫‪ -4‬دول الشرق األوسط‬
‫‪5- Africa‬‬ ‫‪8,997.6‬‬ ‫‪9,191.4‬‬ ‫‪8,461.0‬‬ ‫‪8,589.3‬‬ ‫‪-5‬الدول األفريقية‬
‫‪6- Asia and Pacific‬‬ ‫‪7,313.9‬‬ ‫‪7,414.0‬‬ ‫‪7,351.6‬‬ ‫‪7,580.3‬‬ ‫‪-6‬دول آسيا و الباسيفيك‬
‫‪World total‬‬ ‫‪71,285.3‬‬ ‫‪71,767.5‬‬ ‫‪68,969.5‬‬ ‫‪69,745.0‬‬ ‫المجموع العالمى‬
‫‪OPEC production / world‬‬
‫)‪production (%‬‬ ‫‪43.7‬‬ ‫‪44.7‬‬ ‫‪41.9‬‬ ‫‪41.8‬‬ ‫إنتاج دول األوبك ‪ /‬اإلنتاج العالمى (‪)%‬‬

‫‪(*) Differences in additions are due to approximations using‬‬
‫‪the source.‬‬
‫‪(**) Indonesia's membership was suspended as of January‬‬
‫‪2009.‬‬
‫‪Source : OPEC Annual Statistical Bulletin .‬‬
‫(*) الفروق فى التجميعات نتيجة التقريبات من المصدر‪.‬‬
‫(**) اعتبارا من يناير ‪ 2009‬تم تعليق عضوية اندونسيا‪.‬‬
‫المصدر ‪ :‬النشرة اإلحصائية السنوية لمنظمة األوبك ‪.‬‬
4/2 (b) Oil Exports of OPEC Countries ‫ (ب) صادرات دول األوبك من البترول‬2/4
( 000' Barrels / day ) ) ‫ يوم‬/ ‫( ألف برميل‬

Countries 2007 2008 2009 2010 ‫الدولة‬

Saudi Arabia 8,100.9 8,380.0 7,275.9 7,594.9 ‫السعودية‬

Iran 3,027.3 2,848.9 2,706.8 2,953.6 ‫ايران‬
Nigeria 2,197.5 2,117.2 2,172.5 2,487.3 ‫نيجيريا‬
Venezuela 2,754.4 2,681.9 2,571.9 2,386.0 ‫فنزويال‬
United Arab Emirates 2,750.4 2,693.5 2,327.5 2,291.1 ‫دولة االمارات العربية‬
Kuwait 2,352.0 2,446.4 2,021.8 2,061.2 ‫الكويت‬
Iraq 1,708.6 1,940.1 1,931.8 1,895.5 ‫العراق‬
Angola 1,184.2 1,085.2 1,810.5 1,690.2 ‫أنجوال‬
Libya 1,576.2 1,560.0 1,306.5 1,166.2 ‫ليبيـــا‬
Algeria 1,704.8 1,297.6 980.0 1,022.9 ‫الجزائـــر‬
Qatar 689.0 800.8 767.2 908.1 ‫قطر‬
Ecuador 381.7 390.7 362.5 367.8 ‫اكوادور‬

Total OPEC(*) 28,427.1 28,242.2 26,234.9 26,824.8 )*(‫مجموع أوبك‬

(*) Differences in additions are due to .‫(*) الفروق فى التجميعات نتيجة التقريبات من المصدر‬
approximations using the source.
Source : OPEC Annual Statistical Bulletin. .‫ النشرة اإلحصائية السنوية لمنظمة األوبك‬: ‫المصدر‬
4/2 (c) Oil Revenues of OPEC Countries ‫ (ج) عائدات دول األوبك من البترول‬2/4
( US $ bn. ) ) ‫( بليون دوالر‬

Countries 2007 2008 2009 2010 ‫الدولة‬

Saudi Arabia 206.5 283.2 175.5 235.3 ‫السعودية‬

United Arab Emirates 84.4 102.5 174.7 198.4 ‫دولة االمارات العربية‬
Iran 64.9 88.9 70.6 83.8 ‫ايران‬
Qatar 29.1 39.0 33.3 72.1 ‫قطر‬
Nigeria 57.0 74.7 33.4 70.6 ‫نيجيريا‬
Kuwait 60.0 84.4 50.2 66.0 ‫الكويت‬
Venezuela 62.6 77.9 57.6 65.8 ‫فنزويال‬
Algeria 37.8 47.0 43.7 57.8 ‫الجزائـــر‬
Iraq 37.3 58.2 44.4 52.1 ‫العراق‬
Angola 42.0 64.0 41.0 49.3 ‫أنجوال‬
Libya 40.4 55.2 33.0 46.3 ‫ليبيـــا‬
Ecuador 8.3 11.8 13.8 17.4 ‫اكوادور‬
Indonesia(*) 15.7 20.1 - - )*(‫اندونسيا‬

Total OPEC(**) 745.9 1,006.9 771.2 1,014.7 )**(‫مجموع أوبك‬

(*) Indonesia's membership was suspended as of January
2009.
(**) Differences in additions are due to approximations using
the source.
Source : OPEC Annual Statistical Bulletin .
.‫ تم تعليق عضوية اندونسيا‬2009 ‫(*) اعتبارا من يناير‬
.‫(**) الفروق فى التجميعات نتيجة التقريبات من المصدر‬
.‫ النشرة اإلحصائية السنوية لمنظمة األوبك‬: ‫المصدر‬
 ‫‪4/3 International Prices‬‬ ‫‪ 3/4‬األسعار العالمية‬
‫‪4/3 (a) International commodity price‬‬ ‫‪( 3/4‬أ) األسعار العالمية ألهم السلع‬

‫‪End of‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫‪2011‬‬ ‫‪2012‬‬ ‫فى نهايــة‬

‫‪Unit‬‬ ‫‪Jan./March‬‬ ‫‪Jan./March‬‬ ‫الوحدة‬
‫‪Energy‬‬ ‫الطاقة‬
‫‪Crude oil , Brent‬‬ ‫‪$/bbl‬‬ ‫‪79.64‬‬ ‫‪110.94‬‬ ‫‪104.90‬‬ ‫‪118.60‬‬ ‫دوالر‪/‬برميل‬ ‫بترول خام ‪ ،‬مزيج برنت‬
‫‪Crude oil ,West Texas‬‬ ‫‪$/bbl‬‬ ‫‪79.43‬‬ ‫‪95.05‬‬ ‫‪93.95‬‬ ‫‪102.88‬‬ ‫دوالر‪/‬برميل‬ ‫بترول خام ‪ ،‬غرب تكساس‬
‫‪Natural Gas , Europe‬‬ ‫‪$/mmbtu‬‬ ‫‪8.29‬‬ ‫‪10.52‬‬ ‫‪9.45‬‬ ‫‪11.51‬‬ ‫دوالر ‪ /‬مليون وحدة‬ ‫غاز طبيعى ‪ ،‬أوروبا‬
‫طاقة بريطانية‬
‫‪Agriculture‬‬ ‫الحاصالت الزراعية‬
‫‪Maize‬‬ ‫‪$/mt‬‬ ‫‪185.90‬‬ ‫‪291.70‬‬ ‫‪282.80‬‬ ‫‪277.70‬‬ ‫دوالر‪/‬طن مترى‬ ‫ذرة‬
‫‪Wheat, Canda‬‬ ‫‪$/mt‬‬ ‫‪312.40‬‬ ‫‪439.60‬‬ ‫‪449.00‬‬ ‫‪378.10‬‬ ‫دوالر‪/‬طن مترى‬ ‫القمح الكندى‬
‫‪Wheat, Us , HRW‬‬ ‫‪$/mt‬‬ ‫‪223.60‬‬ ‫‪316.30‬‬ ‫‪330.50‬‬ ‫‪278.80‬‬ ‫دوالر‪/‬طن مترى‬ ‫القمح األمريكى األحمر الصلب‬
‫‪Wheat, Us , SRW‬‬ ‫‪$/mt‬‬ ‫‪229.70‬‬ ‫‪285.90‬‬ ‫‪320.80‬‬ ‫‪258.90‬‬ ‫دوالر‪/‬طن مترى‬ ‫القمح األمريكى األحمر اللين‬
‫‪Sugar , World‬‬ ‫‪c/kg‬‬ ‫‪46.93‬‬ ‫‪57.32‬‬ ‫‪62.70‬‬ ‫‪52.75‬‬ ‫سنت‪ /‬كيلو جرام‬ ‫السكر الخام ‪ ،‬العالم‬
‫‪Raw Materials‬‬ ‫المواد الخام‬
‫‪Cotton, A Index‬‬ ‫‪c/kg‬‬ ‫‪228.30‬‬ ‫‪332.90‬‬ ‫‪456.90‬‬ ‫‪221.30‬‬ ‫سنت‪/‬كيلو جرام‬ ‫القطن‬
‫‪Rubber, Singapore RSS3‬‬ ‫‪c/kg‬‬ ‫‪365.40‬‬ ‫‪482.30‬‬ ‫‪573.20‬‬ ‫‪385.30‬‬ ‫سنت‪/‬كيلو جرام‬ ‫المطاط ‪ ،‬سنغافورة‬
‫‪Metals and Minerals‬‬ ‫المعادن‬
‫‪Aluminum‬‬ ‫‪$/mt‬‬ ‫‪2,173.00‬‬ ‫‪2,401.00‬‬ ‫‪2,501.00‬‬ ‫‪2,179.00‬‬ ‫دوالر‪/‬طن مترى‬ ‫األلومنيوم‬
‫‪Iron Ore, Spot ,Cfr china‬‬ ‫‪$/dmtu‬‬ ‫‪145.90‬‬ ‫‪167.80‬‬ ‫‪178.60‬‬ ‫دوالر‪/‬طن مترى جاف ‪141.80‬‬ ‫خام الحديد الصين‬
‫‪Steel products index‬‬ ‫‪2005=100‬‬ ‫‪124.00‬‬ ‫‪143.40‬‬ ‫‪135.40‬‬ ‫‪137.90‬‬ ‫‪2005=100‬‬ ‫مؤشر منتجات الصلب‬
‫‪Gold‬‬ ‫‪$/toz‬‬ ‫‪1,225.00‬‬ ‫‪1,568.00‬‬ ‫‪1,384.00‬‬ ‫‪1,689.00‬‬ ‫دوالر‪/‬أوقية‬ ‫الذهب‬

‫‪Source : World Bank- Commodity Price Data .‬‬ ‫المصدر ‪ :‬البنك الدولى ‪ -‬احصاءات أسعار السلع ‪.‬‬
‫‪4/3 (b) Commodity Price Indices for low & middle income countries‬‬ ‫‪( 3/4‬ب) األرقام القياسية للسلع في الدول منخفضة ومتوسطة الدخل‬
‫)‪(2005=100‬‬ ‫(‪)100=2005‬‬
‫‪End of‬‬ ‫‪2010‬‬ ‫‪2011‬‬ ‫‪2011‬‬ ‫‪2012‬‬ ‫فى نهايــة‬
‫‪Jan./March‬‬ ‫‪Jan./March‬‬

‫‪Energy‬‬ ‫‪144.7‬‬ ‫‪188.1‬‬ ‫‪181.2‬‬ ‫‪200.7‬‬ ‫الطاقة‬

‫‪Non-Energy‬‬ ‫‪173.9‬‬ ‫‪209.9‬‬ ‫‪221.5‬‬ ‫‪192.7‬‬ ‫المنتجات غير البترولية‬
‫‪Agriculture‬‬ ‫‪170.4‬‬ ‫‪209.0‬‬ ‫‪220.4‬‬ ‫‪192.4‬‬ ‫الحاصالت الزراعية‬
‫‪Beverages‬‬ ‫‪182.1‬‬ ‫‪208.2‬‬ ‫‪219.8‬‬ ‫‪171.7‬‬ ‫المشروبات‬
‫‪Food‬‬ ‫‪169.6‬‬ ‫‪210.1‬‬ ‫‪217.8‬‬ ‫‪203.5‬‬ ‫المواد الغذائية‬
‫‪Fats and Oils‬‬ ‫‪184.5‬‬ ‫‪222.7‬‬ ‫‪240.8‬‬ ‫‪216.5‬‬ ‫الزيوت والدهون‬
‫‪Grains‬‬ ‫‪171.8‬‬ ‫‪238.5‬‬ ‫‪233.5‬‬ ‫‪226.8‬‬ ‫الحبوب‬
‫‪Other Food‬‬ ‫‪148.2‬‬ ‫‪167.8‬‬ ‫‪173.2‬‬ ‫‪165.2‬‬ ‫المواد الغذائية األخرى‬
‫‪Raw Materials‬‬ ‫‪166.3‬‬ ‫‪206.7‬‬ ‫‪227.2‬‬ ‫‪176.1‬‬ ‫المواد الخام‬
‫‪Timber‬‬ ‫‪130.5‬‬ ‫‪153.5‬‬ ‫‪144.4‬‬ ‫‪144.9‬‬ ‫األخشاب‬
‫‪Other Raw Materials‬‬ ‫‪205.4‬‬ ‫‪264.8‬‬ ‫‪317.7‬‬ ‫‪210.2‬‬ ‫مواد خام أخرى‬
‫‪Fertilizers‬‬ ‫‪187.2‬‬ ‫‪267.0‬‬ ‫‪230.2‬‬ ‫‪260.1‬‬ ‫األسمدة‬
‫‪Metals and Minerals‬‬ ‫‪179.6‬‬ ‫‪205.5‬‬ ‫‪222.7‬‬ ‫‪185.7‬‬ ‫الفلزات والمعادن‬

‫‪Source : World Bank- Commodity Price Data .‬‬ ‫المصدر ‪ :‬البنك الدولى ‪ -‬احصاءات أسعار السلع ‪.‬‬
 ‫‪4/4 Foreign Investment‬‬ ‫‪ 4/4‬االستثمار األجنبى‬
‫‪4/4(a) FDI inflows , by region‬‬ ‫‪(4/4‬أ) التوزيع االقليمى للتدفقات الداخلة من االستثمار األجنبى المباشر‬
‫)‪( US$mn.‬‬ ‫( مليون دوالر أمريكى )‬

‫‪End of‬‬ ‫‪2007‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫فى نهاية‬

‫‪Developed Economies:‬‬ ‫‪1,306,818‬‬ ‫‪965,113‬‬ ‫‪602,835‬‬ ‫‪601,906‬‬ ‫االقتصاديات المتقدمة ‪:‬‬

‫‪Europe:‬‬ ‫‪895,753‬‬ ‫‪514,975‬‬ ‫‪387,825‬‬ ‫‪313,100‬‬ ‫أوروبا‪:‬‬
‫‪European Union‬‬ ‫‪850,528‬‬ ‫‪487,968‬‬ ‫‪346,531‬‬ ‫‪304,689‬‬ ‫االتحاد األوروبى‬
‫‪Other developed Europe‬‬ ‫‪45,225‬‬ ‫‪27,006‬‬ ‫‪41,294‬‬ ‫‪8,411‬‬ ‫باقى الدول األوروبية‬
‫‪North America:‬‬ ‫‪330,604‬‬ ‫‪363,543‬‬ ‫‪174,298‬‬ ‫‪251,662‬‬ ‫أمريكا الشمالية‪:‬‬
‫‪United States of America‬‬ ‫‪215,952‬‬ ‫‪306,366‬‬ ‫‪152,892‬‬ ‫‪228,249‬‬ ‫الواليات المتحدة األمريكية‬
‫‪Other developed countries:‬‬ ‫‪80,460‬‬ ‫‪86,595‬‬ ‫‪40,712‬‬ ‫‪37,144‬‬ ‫دول متقدمة أخرى ‪:‬‬
‫‪Japan‬‬ ‫‪22,550‬‬ ‫‪24,426‬‬ ‫‪11,939‬‬ ‫)‪(1,251‬‬ ‫اليابان‬
‫‪Developing Economies:‬‬ ‫‪573,032‬‬ ‫‪658,002‬‬ ‫‪510,578‬‬ ‫‪573,568‬‬ ‫االقتصاديات النامية‪:‬‬
‫‪Africa‬‬ ‫‪63,132‬‬ ‫‪73,413‬‬ ‫‪60,167‬‬ ‫‪55,040‬‬ ‫أفريقيا‬
‫‪Latin America & the Caribbean‬‬ ‫‪169,514‬‬ ‫‪206,733‬‬ ‫‪140,997‬‬ ‫‪159,171‬‬ ‫أمريكا الالتينية والكاريبى‬
‫‪Asia and oceania:‬‬ ‫‪340,387‬‬ ‫‪377,857‬‬ ‫‪309,414‬‬ ‫‪359,357‬‬ ‫أسيا وأوقيانيا‪:‬‬
‫‪Asia‬‬ ‫‪339,252‬‬ ‫‪375,665‬‬ ‫‪307,527‬‬ ‫‪357,846‬‬ ‫أسيا‬
‫‪Oceania‬‬ ‫‪1,134‬‬ ‫‪2,192‬‬ ‫‪1,887‬‬ ‫‪1,511‬‬ ‫أوقيانيا‬
‫‪South East Europe and CIS:‬‬ ‫‪91,090‬‬ ‫‪120,986‬‬ ‫‪71,618‬‬ ‫‪68,197‬‬ ‫جنوب شرقى أوروبا و رابطة الدول المستقلة‪:‬‬
‫‪South East Europe‬‬ ‫‪12,837‬‬ ‫‪12,601‬‬ ‫‪7,824‬‬ ‫‪4,125‬‬ ‫جنوب شرق أوروبا‬
‫‪CIS‬‬ ‫‪78,252‬‬ ‫‪108,385‬‬ ‫‪63,794‬‬ ‫‪64,072‬‬ ‫كومنولث الدول المستقلة‬

‫‪Grand Total‬‬ ‫‪1,970,940‬‬ ‫‪1,744,101‬‬ ‫‪1,185,030‬‬ ‫‪1,243,671‬‬ ‫اإلجمالــى‬

‫‪Source : UNCTAD, World Investment Report 2011.‬‬ ‫المصدر ‪ :‬األونكتاد ‪ -‬تقرير االستثمار العالمى ‪.2011‬‬
 ‫‪4/4(b) FDI Outflows , by region‬‬ ‫‪(4/4‬ب) التوزيع االقليمى للتدفقات الخارجة من االستثمار األجنبى المباشر‬
‫)‪( US$ mn.‬‬ ‫( مليون دوالر أمريكى )‬

‫‪End of‬‬ ‫‪2007‬‬ ‫‪2008‬‬ ‫‪2009‬‬ ‫‪2010‬‬ ‫فى نهاية‬

‫‪Developed Economies‬‬ ‫‪1,829,044‬‬ ‫‪1,541,232‬‬ ‫‪850,975‬‬ ‫‪935,190‬‬ ‫االقتصاديات المتقدمة‬

‫‪Europe:‬‬ ‫‪1,274,118‬‬ ‫‪983,284‬‬ ‫‪434,171‬‬ ‫‪475,763‬‬ ‫أوروبا‪:‬‬
‫‪European Union‬‬ ‫‪1,199,325‬‬ ‫‪906,199‬‬ ‫‪370,016‬‬ ‫‪407,251‬‬ ‫االتحاد األوروبى‬
‫‪Other developed Europe‬‬ ‫‪74,793‬‬ ‫‪77,085‬‬ ‫‪64,155‬‬ ‫‪68,512‬‬ ‫باقى الدول األوروبية‬
‫‪North America:‬‬ ‫‪451,244‬‬ ‫‪388,090‬‬ ‫‪324,351‬‬ ‫‪367,490‬‬ ‫أمريكا الشمالية ‪:‬‬
‫‪United States of America‬‬ ‫‪393,518‬‬ ‫‪308,296‬‬ ‫‪282,686‬‬ ‫‪328,905‬‬ ‫الواليات المتحدة األمريكية‬
‫‪Other developed countries:‬‬ ‫‪103,682‬‬ ‫‪169,858‬‬ ‫‪92,454‬‬ ‫‪91,937‬‬ ‫دول متقدمة أخرى ‪:‬‬
‫‪Japan‬‬ ‫‪73,548‬‬ ‫‪128,019‬‬ ‫‪74,699‬‬ ‫‪56,263‬‬ ‫اليابان‬
‫‪Developing Economies:‬‬ ‫‪294,177‬‬ ‫‪308,891‬‬ ‫‪270,750‬‬ ‫‪327,564‬‬ ‫االقتصاديات النامية‬
‫‪Africa‬‬ ‫‪10,719‬‬ ‫‪9,750‬‬ ‫‪5,627‬‬ ‫‪6,636‬‬ ‫أفريقيا‬
‫‪Latin America & the Caribbean‬‬ ‫‪61,731‬‬ ‫‪80,580‬‬ ‫‪45,544‬‬ ‫‪76,273‬‬ ‫أمريكا الالتينية والكاريبى‬
‫‪Asia and oceania:‬‬ ‫‪221,727‬‬ ‫‪218,560‬‬ ‫‪219,579‬‬ ‫‪244,656‬‬ ‫أسيا وأوقيانيا‪:‬‬
‫‪Asia‬‬ ‫‪221,688‬‬ ‫‪218,436‬‬ ‫‪219,500‬‬ ‫‪244,585‬‬ ‫أسيا‬
‫‪Oceania‬‬ ‫‪39‬‬ ‫‪125‬‬ ‫‪79‬‬ ‫‪71‬‬ ‫أوقيانيا‬
‫‪South East Europe and CIS:‬‬ ‫‪51,581‬‬ ‫‪60,386‬‬ ‫‪48,802‬‬ ‫‪60,584‬‬ ‫جنوب شرقى أوروبا و رابطة الدول المستقلة‪:‬‬
‫‪South East Europe‬‬ ‫‪1,448‬‬ ‫‪1,896‬‬ ‫‪1,371‬‬ ‫‪52‬‬ ‫جنوب شرق أوروبا‬
‫‪CIS‬‬ ‫‪50,134‬‬ ‫‪58,490‬‬ ‫‪47,432‬‬ ‫‪60,532‬‬ ‫كومنولث الدول المستقلة‬

‫‪Grand Total‬‬ ‫‪2,174,803‬‬ ‫‪1,910,509‬‬ ‫‪1,170,527‬‬ ‫‪1,323,337‬‬ ‫اإلجمالــى‬

‫‪Source : UNCTAD, World Investment Report 2011.‬‬ ‫المصدر ‪ :‬األونكتاد ‪ -‬تقرير االستثمار العالمى ‪.2011‬‬