expatriate remittances

CBE announces 87% increase in remittances of Egyptians working abroad
Business

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

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

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

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

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

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

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

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

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,…
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