{"id":624767,"date":"2018-09-18T04:19:17","date_gmt":"2018-09-18T04:19:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/egypt-is-regions-second-largest-recipient-of-remittances-says-icaew-report\/"},"modified":"2018-09-18T04:19:17","modified_gmt":"2018-09-18T04:19:17","slug":"egypt-is-regions-second-largest-recipient-of-remittances-says-icaew-report","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/egypt-is-regions-second-largest-recipient-of-remittances-says-icaew-report\/","title":{"rendered":"Egypt is region\u2019s second largest recipient of remittances, says ICAEW report"},"content":{"rendered":"

<\/a> Egypt is the second largest recipient of remittances in Africa after Nigeria<\/strong>, having snagged 29% of the total in 2017, according to World Bank data cited by the Institute of Chartered Accountants in England and Wales. Most inflows came from the Gulf region. Remittances are a key driver of FX income and \u201cwill remain important in the future,\u201d the report says, while also noting that improved economic performance in Egypt was driven by \u201cstructural and policy reforms [that] have boosted manufacturing and investment while the tourism sector has continued to recover.\u201d Egypt is expected to sustain the momentum, with a favorable GDP growth outlook for 5.3% this year. Tap or click here for the full report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt is the second largest recipient of remittances in Africa after Nigeria, having snagged 29% of the total in 2017, according to World Bank data cited by the Institute of Chartered Accountants in England and Wales. Most inflows came from the Gulf region. Remittances are a key driver of FX income and \u201cwill remain important […]<\/p>\n","protected":false},"author":1,"featured_media":624768,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"07a1beed-c745-4248-81b2-0344f758edf5","order":"0","is_powered_by":true,"section_story_id":"556f9530-4687-4efb-94ab-fb20a48d5720","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/9\/1102.jpg","photo_position":"above","related_issue":[624747],"teaser":"","voice_url":""},"yoast_head":"\nEgypt is region\u2019s second largest recipient of remittances, says ICAEW report - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/egypt-is-regions-second-largest-recipient-of-remittances-says-icaew-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt is region\u2019s second largest recipient of remittances, says ICAEW report\" \/>\n<meta property=\"og:description\" content=\"Egypt is the second largest recipient of remittances in Africa after Nigeria, having snagged 29% of the total in 2017, according to World Bank data cited by the Institute of Chartered Accountants in England and Wales. Most inflows came from the Gulf region. Remittances are a key driver of FX income and \u201cwill remain important […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/egypt-is-regions-second-largest-recipient-of-remittances-says-icaew-report\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-18T04:19:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1102.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/egypt-is-regions-second-largest-recipient-of-remittances-says-icaew-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/egypt-is-regions-second-largest-recipient-of-remittances-says-icaew-report\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt is region\u2019s second largest recipient of remittances, says ICAEW report\",\"datePublished\":\"2018-09-18T04:19:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/egypt-is-regions-second-largest-recipient-of-remittances-says-icaew-report\/\"},\"wordCount\":125,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/egypt-is-regions-second-largest-recipient-of-remittances-says-icaew-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1102.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/egypt-is-regions-second-largest-recipient-of-remittances-says-icaew-report\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/egypt-is-regions-second-largest-recipient-of-remittances-says-icaew-report\/\",\"name\":\"Egypt is region\u2019s second largest recipient of remittances, says ICAEW report - 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The Washington-based lender sees Egypt\u2019s inflows benefiting from surging oil prices, which will increase transfers from Egyptian workers based in\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/36.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602930,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/10\/egypt-was-the-worlds-fifth-top-recipient-of-remittances-in-2018\/","url_meta":{"origin":624767,"position":2},"title":"Egypt was the world\u2019s fifth top recipient of remittances in 2018","author":"enterpriseam admin","date":"10 April 2019","format":false,"excerpt":"Egypt was the world\u2019s fifth top recipient of remittances in 2018, with inflows from Egyptians working abroad reaching USD 29 bn by the end of the year, up 17% y-o-y from USD 18.2 bn last year, according to the World Bank\u2019s Migration and Development Brief (pdf). 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