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Remittance inflows survive 2020 despite pandemic
Egypt’s remittance inflows defied expectations to grow more than 10% in 2020 despite the shock of the pandemic, a trend…
Foreign reserves inch up c. USD 100 mn in February
The nation’s foreign currency reserves rose nearly USD 100 mn in February, ending the month at USD 40.2 bn, according…
Egypt in the News on 28 February 2021
It’s a mixed bag of nothing and everything for Egypt in the foreign press this morning. A handful of stories…
Tourism losses piling up
Egypt has foregone USD 14 bn in foreign currency revenue thanks to the pandemic wreaking havoc on tourism, Finance Minister…
The Suez Canal is preparing for another trade slowdown
More breaks at the Suez Canal: Liquified petroleum gas shippers will continue to pay lower Suez Canal transit fees until…
FX reserves hold the line in November
Egypt’s foreign currency reserves were broadly stable in November, inching up a modest USD 1.8 mn to USD 39.2 bn,…
FX reserves rise slightly in August
FX reserves rise slightly in August: Foreign reserves rose in August for the third month running, coming in at USD…
Aza appoints Meryem Habibi as its CRO
MOVES- Nairobi-based FX broker and fintech company Aza has appointed Meryem Habibi (Linkedin), formerly of Diebold Nixdorf, as its chief…
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