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Egypt’s remittances see 15% decline in 2023
Remittances fell 38% y-o-y during 1H 2023
InstaPay could offer remittances from UAE, Jordan, KSA next year
The plan is the latest in a string of measures taken by the government to drum up hard currency in…
Current account surplus in 4Q as imports fall, tourism revenues rise
Egypt generated record revenues from tourism and the Suez Canal during the fiscal year
Current account deficit narrows in 3Q 2022-23
Current account deficit reaches USD 3.5 bn
Last Night’s Talk Shows on remittances, Egypt’s Sudan summit
Remittances are still being disbursed in the currency in which they were sent
Remittances poised for small rebound this year
Remittances into Egypt fell 10% last year due to exchange rate uncertainty
Balad closes seven-figure USD pre-seed round led by Acasia Ventures
The round will fund Balad’s expansion including a new remittance platform and headcount increase.
Companies no longer need a credit rating to issue bonds + sukuk
There are some caveats.
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