Latest in Tag: remittances Highlight

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Latest in Tag: remittances

Hisham Okasha, Chairperson of the National Bank of Egypt (NBE)

Egyptian expats will be able to transfer remittances through post offices

National Bank of Egypt (NBE) and Egypt Post on Tuesday signed a memorandum of understanding (MoU) to allow the transfer of remittances through post offices. Hisham Okasha, Chairperson of the NBE, said that this cooperation comes within the strategic partnership between the two sides, which would facilitate the disbursement of remittances through post offices. The …

Hossam Mounir

January, February remittances increase by $1.3bn

The rise in remittances from workers abroad shows an increase rate of 33.6%, bringing the total amount of remittances in the first two months of the year to about $5.2bn. The latest figures compare to the roughly $3.9bn in remittances reported during the same two months last year.

Daily News Egypt

Egyptian expatriates’ remittances increase by 8% in 10 months

During the period from January to October 2018, the total value of Egyptian expatriates’ remittances increased by $1.6bn to reach a total of $21.4bn, an increase of 8%, compared to $19.8bn during the same period last year, according to Central Bank of Egypt (CBE). The CBE said that the total value of remittances of Egyptians …

Daily News Egypt

Egyptian remittances amount to $4.6bn in Q4 2016: CBE

Total remittances sent home from Egyptians working abroad rose during the period between October and December 2016 by about $500m, reaching $4.6bn; compared to $4.1bn during the same period in 2015—a growth of 11.8%, according to the Central Bank of Egypt (CBE). Remittances from abroad are considered one of the most important resources for foreign …

Hossam Mounir