{"id":642530,"date":"2017-08-16T04:03:13","date_gmt":"2017-08-16T04:03:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/foreign-currency-earners-in-egypt-bounce-back\/"},"modified":"2017-08-16T04:03:13","modified_gmt":"2017-08-16T04:03:13","slug":"foreign-currency-earners-in-egypt-bounce-back","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/foreign-currency-earners-in-egypt-bounce-back\/","title":{"rendered":"Foreign currency earners in Egypt bounce back"},"content":{"rendered":"

<\/a> Tourism receipts almost tripled and remittances rose in the last three months <\/strong>of FY2016-17<\/strong>, \u201cmarking another step in [Egypt\u2019s] economic recovery,\u201d Mirette Magdy writes for Bloomberg<\/a>. \u201cThe data is further evidence of a gradual improvement in Egypt\u2019s external finances,\u201d she writes. Arqaam Capital senior economist Reham Eldesoki agrees, saying the \u201cmain foreign-currency earners are finally bouncing back, closing in on levels similar to those prevalent before the 2015-2016 crisis.\u201d<\/p>\n

Egypt holds a 13% share of the African continent\u2019s international tourist arrivals so far in <\/strong>2017<\/strong>, a study by the London-based FowardKeys finds<\/a>. South Africa came in first with 18%, while Morocco was third with 11%. International arrivals are up 24.8% y-o-y YTD, according to the report, which says that \u201cEgypt and Tunisia are the destinations leading the recovery\u201d of Africa\u2019s tourism industry this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tourism receipts almost tripled and remittances rose in the last three months of FY2016-17, \u201cmarking another step in [Egypt\u2019s] economic recovery,\u201d Mirette Magdy writes for Bloomberg. \u201cThe data is further evidence of a gradual improvement in Egypt\u2019s external finances,\u201d she writes. Arqaam Capital senior economist Reham Eldesoki agrees, saying the \u201cmain foreign-currency earners are finally […]<\/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-642530","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a402ac62-0799-4db6-95c4-5e6a166a893f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642521],"teaser":"","voice_url":""},"yoast_head":"\nForeign currency earners in Egypt bounce back - 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\/2017\/08\/16\/foreign-currency-earners-in-egypt-bounce-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign currency earners in Egypt bounce back\" \/>\n<meta property=\"og:description\" content=\"Tourism receipts almost tripled and remittances rose in the last three months of FY2016-17, \u201cmarking another step in [Egypt\u2019s] economic recovery,\u201d Mirette Magdy writes for Bloomberg. \u201cThe data is further evidence of a gradual improvement in Egypt\u2019s external finances,\u201d she writes. Arqaam Capital senior economist Reham Eldesoki agrees, saying the \u201cmain foreign-currency earners are finally […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/foreign-currency-earners-in-egypt-bounce-back\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-16T04:03:13+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\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\/2017\/08\/16\/foreign-currency-earners-in-egypt-bounce-back\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/foreign-currency-earners-in-egypt-bounce-back\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Foreign currency earners in Egypt bounce back\",\"datePublished\":\"2017-08-16T04:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/foreign-currency-earners-in-egypt-bounce-back\/\"},\"wordCount\":141,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/foreign-currency-earners-in-egypt-bounce-back\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/foreign-currency-earners-in-egypt-bounce-back\/\",\"name\":\"Foreign currency earners in Egypt bounce back - 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