{"id":682238,"date":"2026-01-06T00:00:00","date_gmt":"2026-01-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=682238"},"modified":"2026-01-20T13:35:11","modified_gmt":"2026-01-20T13:35:11","slug":"remittances-surge-to-usd-3-6-bn-in-november","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/","title":{"rendered":"Remittances surge to USD 3.6 bn in November"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_ImageURLWeb_! https:\/\/ent.news\/2025\/8\/181.jpg <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and a very happy Christmas Eve to all celebrating today. <\/strong>We have one of those compact \u201cquietly good news\u201d issues for you this morning as you look forward to a day off tomorrow. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Manufacturing is the star of the show this morning <\/strong>as the business community continues to chase export opportunities and look for ways to benefit from export-substitution plays:<\/p>\n<ul>\n<li>El Markaby <strong>Steel<\/strong> is closing in on contracts for an EGP 1 bn plant;<\/li>\n<li>Yet another Turkish <strong>garment manufacturer<\/strong> has set up shop in Egypt;<\/li>\n<li>EGX-listed fintech player <strong>Valu<\/strong> has gotten its final license for its operations in Jordan;<\/li>\n<li>And Al Amal will assemble a new Dongfeng <strong>automotive brand<\/strong> in Egypt, including a hybrid vehicle that we think falls into a category of cars that\u2019s key to our EV transition. (Go read <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/21\/egypts-ev-future-is-here-it-just-has-a-backup-engine\/\" style=\"\" rel=\"noopener\">Egypt\u2019s EV future is here \u2014 it just has a backup engine<\/a> if you haven\u2019t already.)<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Madbouly government also wants in on the action: <\/strong>It inked MoUs yesterday that will see us export natural gas and petroleum products to Syria as our onetime partner in the UAR looks to rebuild. The move helps cement Egypt as the premier hub in the East Med for both conventional and renewable energy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have the rundown on all of this and more in this morning\u2019s news well, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>BUT FIRST- It\u2019s PMI day: <\/strong>S&P Global will release purchasing managers\u2019 index figures measuring non-oil private sector activity for December this morning. Activity jumped back into the green in November, breaking a nine-month stretch in contraction territory.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- We\u2019ve got three days of warmer daytime weather <\/strong>heading our way, with the mercury set hit 22\u00b0C today, 24\u00b0C on Wednesday, and 26\u00b0C on Thursday before the daytime high falls back into the teens from Friday, according to our favourite weather app.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PSA- Tomorrow is a national holiday in Egypt in observance of Coptic Christmas. <\/strong>We\u2019re publishing tomorrow morning, but will be off on Thursday to enjoy a three-day weekend. We\u2019ll be back in your inboxes at our customary hour on Sunday, 11 January. A very Merry Christmas to you all, wonderful people. <\/p>\n<p class=\"tag-border-left\">Watch this space<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>TAX<\/strong><strong> \u2014 The Finance Ministry is prepar<\/strong><strong>ing a fresh pac<\/strong><strong>kage of tax incentives <\/strong><strong>following a round of consultations with the business community<\/strong>, a senior government source tells EnterpriseAM. The move serves as a bridge toward a total overhaul of the tax code as the government clears legacy files before introducing a new Income Tax Act.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Tax Authority will extend its seizure-relief mechanism through the end of 2026<\/strong>, according to a document seen by EnterpriseAM. Taxpayers can have seizures lifted by paying 1% of outstanding liabilities on unappealed assessments, or 10% where liabilities stem from committee decisions or enforceable court rulings, with the rest settled in installments. The measure doesn't apply to companies in liquidation, that have permanently shut down, or certain firms with leased headquarters.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INFRASTRUCTURE \u2014 EUR 215 mn 10th of Ramadan railway awarded: <\/strong>A consortium of France\u2019s Alstom and local contractors Concrete Plus and Rowad Modern Engineering has been awarded a EUR 215 mn contract to build the 10th of Ramadan logistics rail line, a source with knowledge of the contract tells us. The contractors will build a 63.5 km corridor linking the 10th of Ramadan dry port to the Suez Canal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pattern:<\/strong> This is the second major freight victory for the Alstom-led alliance in two months, following their <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/03\/cairo-alexandria-freight-railway-awarded-to-egyptian-french-consortium\/\" style=\"\" rel=\"noopener\">EUR 540 mn contract<\/a> for the Cairo-Alexandria bypass. The Madbouly government aims to see rail freight capacity grow from 8 mn tons per year in 2026 to 13 mn tons a year by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/780.jpg?ssl=1\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The Pharaohs secured their spot in the 2025 AFCON quarter-finals yesterday<\/strong> after a grueling 3-1 extra-time victory over Benin in Agadir. The team remains in the coastal city of Agadir for their quarter-final clash this Saturday. They will face either C\u00f4te d'Ivoire or Burkina Faso.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Data point<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>42.5% \u2014 that\u2019s how<\/strong><strong> much remittances from Egyptians living abroad grew y-o-y <\/strong><strong>during the first 11 months of 2025<\/strong>, reaching a record USD 37.5 bn, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/118.pdf\" style=\"\" rel=\"noopener\">a statement (pdf)<\/a> from the Central Bank of Egypt. The momentum accelerated late in the year, with November inflows jumping nearly 40% y-o-y to USD 3.6 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT<\/strong><strong>- <\/strong>The surge makes clear that Egyptian expats have confidence in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/\" style=\"\" rel=\"noopener\">the float of the<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/another-package\/\" style=\"\" rel=\"noopener\">EGP<\/a>. Remittances provided a key buffer for our FX reserves last year as Suez Canal revenues fell through the floor amid ongoing harassment of Red Sea shipping by Houthi forces.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>, the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\" style=\"\" rel=\"noopener\">MENA-India<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\" style=\"\" rel=\"noopener\">Corridor<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">The big story abroad <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The chatter about the kidnapping of Venezuelan President Nicol\u00e1s Maduro has shifted to <\/strong><strong>the US\u2019 energy agenda and what it stands to gain from the move <\/strong>and from dictating policy in the country. US President Donald Trump clearly thinks there\u2019s plenty to gain \u2014 saying there\u2019s a \u201ctremendous amount of wealth\u201d up for grabs for American oil firms in Venezuela. He also said <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/business\/energy\/trump-venezuela-oil-companies-reimburse-rcna252434\" style=\"\" rel=\"noopener\">in an interview with NBC<\/a> that the US could start offering subsidies to energy firms in a bid to encourage them to rebuild Venezuela\u2019s oil industry, which has seen production fall to less than 1 mn barrels a day, down from 3.7 mn in 1970 on the back of mismanagement, corruption and sanctions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shares of top US refiners have surged<\/strong> since the capture of Maduro on expectations that US Gulf Coast refiners could snap up hefty volumes of Venezuelan crude now that Trump is looking to ease sanctions and revive production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ The must-read on the topic: <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c077e768-05d3-4305-907c-7ca21a6e50e1\" style=\"\" rel=\"noopener\">What is Trump\u2019s plan for Venezuelan oil?<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This all comes as Maduro made his first court appearance<\/strong>, pleading not guilty to charges of narco-terrorism, cocaine importation conspiracy and possession of machine guns and destructive devices. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Nvidia CEO Jensen Huang said the company\u2019s new generation of chips, Rubin, are now in full production.<\/strong> The chips can deliver up to five times the AI computing strength of its predecessor, Blackwell. Huang also touted other software the firm is working on, including networking switches that can link several machines as one, and self-driving car software. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/nvidia-ceo-huang-take-stage-ces-las-vegas-competition-mounts-2026-01-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/239.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> EnterpriseAM\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We look at Egypt\u2019s standing in the Climate Change Performance Index, which measures national progress across emissions, renewables, energy use, and climate policy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>!_ImageURLWeb_! https:\/\/ent.news\/2025\/8\/181.jpg Good morning, friends, and a very happy Christmas Eve to all celebrating today. We have one of those compact \u201cquietly good news\u201d issues for you this morning as you look forward to a day off tomorrow. Manufacturing is the star of the show this morning as the business community continues to chase export [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7204],"tags":[72,2396,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-682238","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-remittances","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"140a7089-8a2b-4526-bd6b-cac2ab1e44d5","order":"2","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Remittances surge to USD 3.6 bn in November","related_issue":[682236],"teaser":""},"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>Remittances surge to USD 3.6 bn in November - 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\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remittances surge to USD 3.6 bn in November\" \/>\n<meta property=\"og:description\" content=\"!_ImageURLWeb_! https:\/\/ent.news\/2025\/8\/181.jpg Good morning, friends, and a very happy Christmas Eve to all celebrating today. We have one of those compact \u201cquietly good news\u201d issues for you this morning as you look forward to a day off tomorrow. Manufacturing is the star of the show this morning as the business community continues to chase export [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-06T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-20T13:35:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2025\/11\/780.jpg\" \/>\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=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Remittances surge to USD 3.6 bn in November\",\"datePublished\":\"2026-01-06T00:00:00+00:00\",\"dateModified\":\"2026-01-20T13:35:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/\"},\"wordCount\":1161,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2025\/11\/780.jpg\",\"keywords\":[\"EnterpriseAM\",\"remittances\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/\",\"name\":\"Remittances surge to USD 3.6 bn in November - 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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\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/","og_locale":"en_US","og_type":"article","og_title":"Remittances surge to USD 3.6 bn in November","og_description":"!_ImageURLWeb_! https:\/\/ent.news\/2025\/8\/181.jpg Good morning, friends, and a very happy Christmas Eve to all celebrating today. We have one of those compact \u201cquietly good news\u201d issues for you this morning as you look forward to a day off tomorrow. Manufacturing is the star of the show this morning as the business community continues to chase export [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2026-01-06T00:00:00+00:00","article_modified_time":"2026-01-20T13:35:11+00:00","og_image":[{"url":"https:\/\/ent.news\/2025\/11\/780.jpg","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Remittances surge to USD 3.6 bn in November","datePublished":"2026-01-06T00:00:00+00:00","dateModified":"2026-01-20T13:35:11+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/"},"wordCount":1161,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2025\/11\/780.jpg","keywords":["EnterpriseAM","remittances","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/","url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/","name":"Remittances surge to USD 3.6 bn in November - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2025\/11\/780.jpg","datePublished":"2026-01-06T00:00:00+00:00","dateModified":"2026-01-20T13:35:11+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/#primaryimage","url":"https:\/\/ent.news\/2025\/11\/780.jpg","contentUrl":"https:\/\/ent.news\/2025\/11\/780.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Remittances surge to USD 3.6 bn in November"}]},{"@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\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":663911,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/a-record-breaking-january-for-remittances\/","url_meta":{"origin":682238,"position":0},"title":"A record-breaking January for remittances","author":"enterpriseam admin","date":"16 April 2025","format":false,"excerpt":"Good afternoon, everyone. After a few busy days, it appears that the newscycle \u2014 at least on the home front \u2014 has taken a breather. THE BIG STORY TODAY- Remittances from Egyptians abroad continued their upward pace to kick off the year, rising by 83.2% y-o-y to USD 2.9 bn\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1361.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578306,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/","url_meta":{"origin":682238,"position":1},"title":"THIS MORNING: Expect another mega-rate hike when the central bank meets later today","author":"enterpriseam admin","date":"22 December 2022","format":false,"excerpt":"Good morning, dear readers, and congratulations on making it to the end of another week. Like many of you, we're going to be turning on our OoO responders on Sunday and having ourselves an extended weekend for the Christmas break. We'll be back in your inboxes on Monday at the\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547772,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/this-morning-its-pmi-day-we-all-have-a-week-off-next-week-to-celebrate-eid\/","url_meta":{"origin":682238,"position":2},"title":"THIS MORNING: It\u2019s PMI day + We all have a week off next week to celebrate Eid","author":"enterpriseam admin","date":"6 July 2022","format":false,"excerpt":"It\u2019s not that bad of a slog heading into the weekend, ladies and gentlemen. Especially with the M&A news we have in store. Countdown to the Big Eid \u2014 and it really is big this year: The central bank (pdf) and the Manpower Ministry brought us good news yesterday, announcing\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578863,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/this-morning-usd-inflows-rise-to-our-local-fx-market\/","url_meta":{"origin":682238,"position":3},"title":"THIS MORNING: USD inflows rise to our local FX market","author":"enterpriseam admin","date":"17 January 2023","format":false,"excerpt":"Good morning, wonderful people, and a very happy hump day. THE BIG STORY here at home this morning is the central bank\u2019s announcement of an upswing in foreign inflows to local banks through the local foreign exchange market and other sources in recent days, helping to clear the imports backlog\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/270.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":703076,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/fawry-awaits-approval-on-inbound-cross-border-remittances-license\/","url_meta":{"origin":682238,"position":4},"title":"Fawry awaits approval on inbound cross-border remittances license","author":"enterpriseam admin","date":"18 May 2026","format":false,"excerpt":"Good morning, friends. After a pretty slow start to the week we have a busy issue to kick off this sunny Monday, with updates about our second IPO of the year leading the news well. Korra Energi released its IPO prospectus last night, giving us more details about the highly-anticipated\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TODAY&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TODAY","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today-10\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1014.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564211,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/remittances-spike-in-may\/","url_meta":{"origin":682238,"position":5},"title":"Remittances spike in May","author":"enterpriseam admin","date":"17 August 2021","format":false,"excerpt":"Remittance inflows from Egyptians working abroad rose almost 50% in May to USD 2.6 bn, up from USD 1.8 bn in May 2020, according to central bank figures (pdf) released this morning. Expats sent some USD 28.5 bn back home during the first 11 months of the fiscal year (July\u2026","rel":"","context":"In &quot;SPEED ROUND: ECONOMY&quot;","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/454.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/682238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=682238"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/682238\/revisions"}],"predecessor-version":[{"id":682277,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/682238\/revisions\/682277"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/682236"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=682238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=682238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=682238"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=682238"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=682238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}