An Egyptian-Gulf consortium acquires 89% of Domty's shares    Orascom details how deceased billionaire Onsi Sawiris' legacy was divided    First Arab social media platform Baaz Launches in Egypt    Egypt's Al-Sisi, Qatar's Emir Tamim sign 3 MoUs    Mark Zuckerberg introduces Community Chats for Messenger and Facebook    Health Minister, EU representatives discuss cooperation in medical sector    Health Minister, EU representatives discuss cooperation in medical sector    Banque Misr, CIB sign EGP 6.35 bln syndicated loan with Benya Group    Egypt's gold reserves hike to $7,078bn in November – c.bank    Egypt signs 7 new MoUs for green hydrogen projects    Egypt, Singapore discuss cooperation in COP27    NMEC organises events celebrating 200th anniversary of establishment of Egyptology    16 Arab films participate in Venice Film Festival, including six in official competition    Rings of Power: 'In an age of epic fantasy on screen many of the missteps are unforgivable'    Miss Namibia: Country seeks women empowerment, tourism promotion through int'l beauty pageants    Irrigation Minister stresses importance of scientific research in water sector    Irrigation Minister stresses importance of scientific research in water sector    EAC, DRC sign agreement for deployment of joint regional force    MV Logos Hope floating library to arrive in Egypt in January 2023    Self-care matters – 36% of professional gamers in MENA, Turkiye, Africa worry about mental health condition    Amazon unveils blueprint to boost workplace inclusivity for people with disabilities in Egypt    Dior showcases 2023 fall men's collection at Egypt's pyramids    Egypt holds its first championship in American dominoes    Egypt holds its first championship in American dominoes    Byline: Pressing save on the metaverse – the future of tangible experiences    Brazil-Argentina replay called off    US aquarium saves 150 sea turtles from cold    Tech giant Apple 'expresses interest' in acquiring Manchester United – report    Egypt operates solar-powered cars at 2 archaeological sites in Luxor    Egypt launches 200 Years of Continuing Science tourism campaign    QNB Group names TikToker Khaby Lame official FIFA World Cup Qatar 2022 brand ambassador    Three possible scenarios as Egypt's central bank governor resigns – MP    Adele is living a love story, wants to be a homemaker    In Photos: Egypt swears in 13 new ministers after major Cabinet reshuffle    Egypt's parliament approves Cabinet reshuffle in extraordinary session    Spain: prosecutor seeks 8 years sentence for Shakira over tax evasion    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egyptian expat remittances up by 12.1% in five months: CBE
Published in Amwal Al Ghad on 18 - 02 - 2020

Remittances from Egyptian expats went up by 12.1 percent during first five months of FY2019/2020, from July to November 2019, recording $11.1 billion, up from $9.9 billion in the same months of 2018, according to the Central Bank of Egypt (CBE).
Remittances from Egyptians abroad increased to $128.9 billion, a year-on-year increase of 6.8 percent. In November, remittances increased to $2 billion, up from $1.9 billion in November 2018.
In October 2019, remittances from Egyptian expats jumped by 12.7 percent, recording $2.3 billion, compared to $2.1 billion in October 2018.
Egyptian expat remittances are considered one of the key sources of hard currency along with the Suez Canal and the tourism sector.


Clic here to read the story from its source.