Business
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Economy
8/1/2024 8:32:39 PM
International Business Associates Group for Money Transfer Services (IBAG), the official agent of Western Union International in Egypt, announced Thursday the launch of the first phase of the company's services, which allows receiving and sending money transfers in US dollars and Egyptian pounds through 20 branches of Banque Du Caire.
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Egypt
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Society
6/15/2024 2:16:34 PM
Egypt held the 6th position among the world’s remittance recipient countries in 2023, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Saturday.
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Business
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Economy
12/27/2023 2:19:48 PM
Egyptian expats’ remittances are expected to have declined by over 15 percent to $24.2 billion in 2023 from $28.3 billion in 2022, according to a recent report released by the World Bank (WB) in December.
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Business
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Economy
5/21/2023 5:45:49 PM
Egyptian expats’ remittances from Arab countries declined in fiscal year 2021/2022, while trade with these same countries increased over the 2022 calendar year, according to a statement from the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.
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Egypt
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Society
3/7/2023 1:30:08 PM
The Egyptian government has no intention of taxing the income or remittances of Egyptians working abroad, Egypt's Minister of Emigration and Expatriate Affairs Soha Gendy said on Tuesday.
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Business
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Economy
1/16/2023 5:54:53 PM
Egypt has received $925 million in indirect investments in local debt instruments since Wednesday, increasing the country’s reserves of hard currency in addition to an increase from the local market, Egyptian expats remittances, and the tourism sector, the Central Bank of Egypt said on Monday.
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Business
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Economy
7/31/2022 5:42:39 PM
Remittances sent by Egyptian expats went up 2.1 percent year on year in the first 11 months of the past 2021/2022 fiscal year, recording $29.1 billion, the Central Bank of Egypt (CBE) announced on Sunday.
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Business
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Economy
5/17/2022 1:00:52 PM
Remittances of Egyptian expats rose by 12.8 percent in March to reach $3.3 billion, up from then $2.9 billion recorded in the corresponding month of 2021, according to the Central Bank of Egypt (CBE).
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Business
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Economy
2/24/2022 2:58:00 PM
Egyptian expats' remittances rose by 6.6 percent ($1.8 billion) from January to November 2021 to post $28.9 billion, compared to the corresponding period in 2020, Central Bank of Egypt (CBE) announced on Thursday.
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Business
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Economy
12/21/2021 4:57:09 PM
Egyptian expats’ remittances inched up during the first quarter (1Q) of the current FY2021/2022 — July to September 2021 — by 1.5 percent, on an annual basis, to post $8.1 billion, up from about the $8 billion recorded in the same quarter of FY2020/2021, the Central Bank of Egypt announced on Tuesday.
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Business
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Economy
10/10/2021 2:56:50 PM
Egyptian expats' remittances reached $31.4 billion in FY2020/2021, increasing 13% compared to FY2019/2020 and 70% compared to FY2013/2014, Minister of Planning and Economic Development Hala El-Said announced on Sunday.
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Business
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Economy
9/15/2021 3:09:10 PM
Moreover, expats remittances rose by an annual rate of 15.5 percent in June to reach $2.9 billion, up from $2.6 billion posted in June 2020, according to the central bank
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Business
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Economy
8/17/2021 2:14:50 PM
CBE estimations exceed the expectations included in Egypt's economic and social development plan for FY2021/22, which expected them to reach $30 billion by the end of the year
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Business
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Economy
6/21/2021 1:11:19 PM
The figure accounts for 31.7 percent of Egypt’s net international reserves
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Business
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Economy
3/15/2021 1:01:38 PM
Egypt’s net international reserves rose for the ninth month in a row to reach $40.2 billion by end of February, up from $40.1 billion in January, according to the CBE
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Business
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Economy
2/2/2021 10:06:00 AM
Remittance flows from January to November hiked 11.9 percent compared to the same period a year prior
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Business
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Economy
12/7/2020 6:59:00 PM
From January to September 2020, remittances jumped to $22.1 billion, up from $19.8 billion in the same period of 2019
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Business
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Economy
10/28/2020 5:04:17 PM
Egypt’s NIRs started to bounce back by the end of June, to reach $38.2 billion, up from $36 billion in May
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Business
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Economy
2/17/2020 1:06:02 PM
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Business
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Economy
11/4/2019 1:57:34 PM
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