expatriate remittances
CBE announces 87% increase in remittances of Egyptians working abroad
Business
September 10, 2024
CBE announces 87% increase in remittances of Egyptians working abroad
The Central Bank of Egypt (CBE) announced an 86.8 percent increase in remittances of Egyptians working abroad during July, for…
Egypt’s balance of payments turns into deficit of US$410 million: CBE data
Business
April 9, 2024
Egypt’s balance of payments turns into deficit of US$410 million: CBE data
The decline in remittances from Egyptians abroad and the decline in petroleum exports has led to the Egyptian balance of…
Egyptian minister responds to controversial proposal on expat salaries
Egypt
February 5, 2024
Egyptian minister responds to controversial proposal on expat salaries
Egyptian Minister of Immigration and Egyptian Expatriates Affairs Soha al-Gendy responded on Sunday to a controversial proposal regarding the salaries…
Remittances of Egyptians abroad up by 1.5 percent in 3 months
Business
December 22, 2021
Remittances of Egyptians abroad up by 1.5 percent in 3 months
The Central Bank of Egypt announced on Tuesday that remittances of Egyptians working abroad during the first quarter of the…
Lebanon to stop paying back all debt in foreign currencies
Middle East
March 24, 2020
Lebanon to stop paying back all debt in foreign currencies
BEIRUT (AP) — Lebanon will stop paying all maturing Eurobonds in foreign currencies amid a crippling economic and financial crisis…
Coronavirus likely to increase US dollar exchange rate in Egypt: Experts
Business
March 16, 2020
Coronavirus likely to increase US dollar exchange rate in Egypt: Experts
Experts anticipate that the worldwide spread of the novel coronavirus will increase the US dollar’s exchange rate against the Egyptian…
Egyptian expat remittances hit highest level ever, boosts economy
Business
October 6, 2014
Egyptian expat remittances hit highest level ever, boosts economy
Remittances from Egyptians working abroad rose to its highest level ever, boosting their home economy according to new Central Bank…
As remittances grow, government clambers for more
Business
February 3, 2013
As remittances grow, government clambers for more
As money sent home from Egyptians abroad reaches a record level, President Mohamed Morsy and his government have pinpointed this…
Suez Canal revenues, expat remittances up despite revolution
Business
November 3, 2011
Suez Canal revenues, expat remittances up despite revolution
Despite the revolution and global financial troubles, some sectors of the Egyptian economy have attained stable performance and growth rates,…