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Current account deficit narrows 20% in 1Q 2022-23
Higher FDI, exports and tourism revenues are easing balance of payments pressures.
Remittances to Egypt to rise 2.5% this year- World Bank
Remittances from Egyptians abroad are set to rise 2.5% this year, climbing to USD 32.3 bn from USD 31.5 bn…
THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August — and the EUR isn’t taking it well
Good afternoon, friends. Today is hump day — not yesterday, as we (however wishfully) declared it. It’s not a particularly…
Growth in Africa is looking promising in the near term — and Egypt has a big role to play
Egypt’s economic growth is expected to account for 17% of Africa’s output growth in 2022, according to a report (pdf)…
NBE partners with UAE’s LuLu on remittance transfer service
Egypt was one of the top five remittance destinations in 2020
Egypt’s current account deficit narrows, FDI more than doubles in 1Q2019-2020
Current account deficit narrows, FDI more than doubles in 1Q2019-2020: The current account deficit decreased 31% y-oy in the first…
Remittances rise 13.6% to USD 6.7 bn in 1Q2019-2020
Remittances rise 13.6% in 1Q2019-2020: Remittances from Egyptians living abroad rose to USD 6.7 bn in 1Q2019-2020, up 13.6% y-o-y…
Egypt’s pound rallies to near three-year high, breaking EGP 16 / USD 1 barrier
EGP rallies to near three-year high: The EGP rose to its highest level since February 2017 against the USD, breaking…
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