Remittances

Remittances of Egyptians abroad increase by 43.8% in April 2024

Tue, 04 Jun 2024 - 01:27 GMT

Remittances from Egyptians abroad also increased by 2.6 percent compared to the immediately preceding month, March 2024, during which they recorded about $2.1 billion, as a result of the economic decisions on March 6, 2024.

Egyptian remittances returning to normal as black market shrinks: PM

Wed, 13 Mar 2024 - 01:49 GMT

Prime Minister Mostafa Madbouli announced that remittances from Egyptian expatriates are gradually returning to their usual levels, particularly due to the narrowing gap between the official exchange rate and the black market rate.

Egypt aims to increase number of expats in EU, U.S. by 1M

Tue, 09 Jan 2024 - 03:38 GMT

The endeavor capitalizes on the shortage in workers amounting to 100 million in the European Union and the United States.

Egypt received 15% less remittances annually in 2023, World Bank

Thu, 21 Dec 2023 - 11:32 GMT

The WB’s report highlighted that the MENA region’s remittances are projected to fall by 5.3% to approximately $61 billion in 2023, following a 4.5% drop in 2022

Remittances of Egyptians working in UAE record slight rise by 1.4%

Tue, 19 Sep 2023 - 12:28 GMT

The agency said that the total remittances were estimated at about $3.5 billion during the fiscal year 2021/2022, while they were about $3.4 billion during the fiscal year 2020/2021, an increase of about 1.4 percent.

Egypt received over $219.4B in remittances over past decade, state aims to increase this by 10%

Thu, 13 Jul 2023 - 02:05 GMT

Egypt was ranked among the top recipients of remittances in the Middle East and North Africa (MENA) region in 2022 according to a report by the World Bank in June

Remittances of Egyptian nationals in Arab states significantly rise during FY 20/21

Tue, 23 May 2023 - 07:27 GMT

Saudi Arabia ranked first in the list of the top ten Arab countries in the value of remittances from Egyptians working in it during the fiscal year 2020/2021.

Remittances from Egyptian expats record $12B in H2 of 2022: CBE

Wed, 03 May 2023 - 03:38 GMT

The remittances from Egyptian expatriates declined during the third quarter of 2022 (July-September) by 20.9 percent, recording $6.4 billion, down from $8.1 billion during the same quarter of 2021.

Egypt's imports from US witnesses remarkable increase in 2022: CAPMAS

Tue, 31 Jan 2023 - 12:35 GMT

Egyptian imports from the United States of America witnessed a remarkable increase during the first 10 months of last year 2022, according to data from the Central Agency for Public Mobilization and Statistics.

Trade exchange between Egypt, US increase 12.2% in 10 months

Mon, 30 Jan 2023 - 05:52 GMT

The Egyptian exports to the US decreased 5.2 percent to reach $2 billion during the first 10 months of 2022, compared to $2.1 billion in the same period in 2021.

Remittances from Egyptian expats record $20.9B in 8 months: CBE

Thu, 17 Nov 2022 - 02:53 GMT

In August, the remittances from Egyptian expatriates decreased to $2.2 billion, compared to $2.4 billion during July 2021.

Trade exchange between Egypt, Arab countries increases by19.2% in H1 of 2022

Tue, 01 Nov 2022 - 03:41 GMT

CAPMAS revealed that Egypt’s exports to Arab countries amounted to $5.9 billion during the first half of 2022, compared to $5.4 billion during the same period in 2021, marking an increase of $466.5 million or 8.6 percent.

Remittances from Egyptians working in UAE hit $3.3 billion in 9 months

Wed, 26 Oct 2022 - 02:55 GMT

This came during the celebrations of the 50th anniversary of the establishment of Egyptian-Emirati relations, organized by the two governments.

Remittances from Egyptian expats record $18.72B in 7 months: CBE

Thu, 15 Sep 2022 - 05:29 GMT

In July, the remittances from Egyptian expatriates decreased to $2.38 billion, compared to $2.79 billion during June 2021.

Remittances from Egyptian expats record $31.9B in 2021/22: CBE

Tue, 23 Aug 2022 - 02:48 GMT

The CBE elaborated that the period from April to June 2022 witnessed an increase in remittances by 3 percent, to record about $8.3 billion, up from $8.1 billion during the corresponding period.

Remittances of Egyptians abroad hit $29.1 bln within past 11 months

Mon, 01 Aug 2022 - 09:05 GMT

The Central Bank of Egypt (CBE) said that the remittances of Egyptians working abroad hit $29.1 billion during the past 11 months.

Remittances from Egyptian expats hike 7.7% in 4 months, records $3.1B in April

Tue, 05 Jul 2022 - 03:33 GMT

The remittances decreased by 7.2 percent on a monthly basis as it recorded $3.3 billion in March 2022.

Remittances from Egyptian expats record $3.3B in March: CBE

Mon, 16 May 2022 - 02:28 GMT

The CBE clarified that the remittances increased by 44.4 percent on a monthly basis which recorded $2.3 billion in February 2022.

CAPMAS releases figures on economic ties between Egypt, United Kingdom

Tue, 29 Mar 2022 - 10:54 GMT

Those covered imports, exports, investments, and remittances.

Remittances of Egyptians abroad increase by 73% in 6 years, 2021 highest ever

Sun, 20 Mar 2022 - 03:09 GMT

Remittances of Egyptians abroad increased by 73 percent in 2015-2021, with an unprecedented amount of $31.5 billion in 2021 alone, according to a Sunday report by the Information and Decision Support Center.

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