{"id":629970,"date":"2018-04-05T03:57:06","date_gmt":"2018-04-05T03:57:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/"},"modified":"2018-04-05T03:57:06","modified_gmt":"2018-04-05T03:57:06","slug":"kuwait-just-made-remittances-more-expensive","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/","title":{"rendered":"Kuwait just made remittances more expensive"},"content":{"rendered":"<p><strong>Kuwait just made remittances more expensive: <\/strong>The Kuwaiti parliament\u2019s financial and economic affairs committee has approved a bill imposing fees on expats\u2019 outgoing remittances,MP Salah Korshed said in a statement <a href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=2706127&language=en\">carried by the Kuwait News Agency (KUNA)<\/a>. Two-thirds of MPs voted in favor of the bill. Expats will be taxed 1% for salaries of USD 300, 2% for USD 333-666, 3% for USD 1,000-1,663, and 5% for USD 1,667-5,548, once the bill comes into effect, according to KUNA. Remittances, the second major contributor to Egypt\u2019s narrowing account deficit, <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/01\/egypt-account-deficit-narrows-64-to-usd-3-4-bn-in-1h2017-18\/\">rose to USD 13.1 bn in 1H2017-18<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kuwait just made remittances more expensive: The Kuwaiti parliament\u2019s financial and economic affairs committee has approved a bill imposing fees on expats\u2019 outgoing remittances,MP Salah Korshed said in a statement carried by the Kuwait News Agency (KUNA). Two-thirds of MPs voted in favor of the bill. Expats will be taxed 1% for salaries of USD [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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-629970","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"710addbb-ff83-40b2-8334-b549e5e4b33a","order":"0","is_powered_by":true,"section_story_id":"9e133c3b-408e-4321-980c-5679a21090ac","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629954],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kuwait just made remittances more expensive - 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\/04\/05\/kuwait-just-made-remittances-more-expensive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kuwait just made remittances more expensive\" \/>\n<meta property=\"og:description\" content=\"Kuwait just made remittances more expensive: The Kuwaiti parliament\u2019s financial and economic affairs committee has approved a bill imposing fees on expats\u2019 outgoing remittances,MP Salah Korshed said in a statement carried by the Kuwait News Agency (KUNA). Two-thirds of MPs voted in favor of the bill. Expats will be taxed 1% for salaries of USD [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-05T03:57:06+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Kuwait just made remittances more expensive\",\"datePublished\":\"2018-04-05T03:57:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/\"},\"wordCount\":99,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/\",\"name\":\"Kuwait just made remittances more expensive - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-04-05T03:57:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kuwait just made remittances more expensive\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kuwait just made remittances more expensive - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/kuwait-just-made-remittances-more-expensive\/","og_locale":"en_US","og_type":"article","og_title":"Kuwait just made remittances more expensive","og_description":"Kuwait just made remittances more expensive: The Kuwaiti parliament\u2019s financial and economic affairs committee has approved a bill imposing fees on expats\u2019 outgoing remittances,MP Salah Korshed said in a statement carried by the Kuwait News Agency (KUNA). Two-thirds of MPs voted in favor of the bill. 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Remittances in 4Q2016 totalled USD 4.6 bn, an 11.8% increase from the same quarter last year.","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634350,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/14\/remittances-from-egyptian-expats-rise-5-8-y-o-y-in-november-2017\/","url_meta":{"origin":629970,"position":1},"title":"Remittances from Egyptian expats rise 5.8% y-o-y in November 2017","author":"enterpriseam admin","date":"14 January 2018","format":false,"excerpt":"Remittances from Egyptians living abroad rose 5.8% y-o-y in November 2017 to USD 2.2 bn from USD 2.1 bn in November 2016, the central bank announced on Thursday. Remittances have been climbing steadily since the EGP float in November 2016, Reuters notes, jumping nearly 40% y-o-y in 1Q2017-18 to USD\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652370,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/egp-expected-to-appreciate-14-this-year-the-economist\/","url_meta":{"origin":629970,"position":2},"title":"EGP expected to appreciate 14% this year -The Economist","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"The EGP is among 12 currencies expected to appreciate against the USD in 2017, Economist Intelligence Unit chief economist Simon Baptist writes. \u201cOur most bullish call is for the EGP; we think that the markets have overshot after the welcome float of late 2016 and expect a 14% appreciation this\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626730,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/remittances-rise-41-2-y-o-y-in-10m2017-18\/","url_meta":{"origin":629970,"position":3},"title":"Remittances rise 41.2% y-o-y in 10M2017-18","author":"enterpriseam admin","date":"10 July 2018","format":false,"excerpt":"Remittances from Egyptians living abroad rose 48.2% y-o-y 10M2017-18 to USD 26 bn, the central bank announced yesterday, according to a statement from the CBE (pdf). Remittances advanced 41.2% y-o-y in April to USD 2.3 bn.Remittances could slow down in the coming months, a new study cited by Al Arabiya\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591475,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/egyptian-expat-remittances-forecast-to-be-among-fifth-highest-in-the-world-in-2019\/","url_meta":{"origin":629970,"position":4},"title":"Egyptian expat remittances forecast to be among fifth-highest in the world in 2019","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"Egyptian expats are projected to send home the fifth highest value of remittances in the world by the end of year, World Bank data shows. 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