Suez Canal expects return to normal traffic by mid-2026 as Maersk, CMA CGM return    Gaza death toll rises as health crisis deepens, Israel's ceasefire violations continue    Turkey's Erdogan to visit Egypt in early 2026 as Cairo pushes for Palestinian technocratic committee    Egypt's "Decent Life" initiative targets EGP 4.7bn investment for sewage, health in Al-Saff and Atfih    Egypt, Spain discuss cooperation on migration health, rare diseases    Egypt, Oman eye deeper industrial integration through Sohar Port    Egypt, Armenia sign cooperation protocol to expand trade and investment    Three Chinese firms to invest $1.15bn in Egypt's Sokhna industrial zone    Egypt, Viatris sign MoU to expand presidential mental health initiative    Gold, silver rise on Tuesday    Oil prices dip on Tuesday    URGENT: IMF reaches staff-level deal with Egypt on fifth, sixth reviews    Egypt signs EGP 500m deal with Titan to build three waste treatment facilities in Sharqeya    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    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.



Egypt expats' remittances jump 48.2% in first 10 months of FY2017/18
Ahmed Ali Published in Amwal Al Ghad on 09 - 07 - 2018

Remittances from expatriate Egyptians jumped by 48.2 percent in the first 10 months of the 2017-2018 financial year to around $26 billion compared to the same period last year, the central bank said on Monday.
The central bank said in a statement remittances had risen 41.2 percent to around $2.3 billion in April 2018 from $1.7 billion in April 2017.
Egyptians working abroad send back billions of dollars a year in remittances, an important source of hard currency for a country that has seen tourism, foreign investment, and exports. They have increased since the country floated its pound currency in November 2016 as part of economic reforms tied to a $12 billion loan from the International Monetary Fund.

Clic here to read the story from its source.