Egypt

Thursday, 13 August 2009 09:26

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Egypt
Population domestic:
Population abroad:
2011 est. remittances:
Percentage of GDP:

80 million
3.7 million (4.7% of the population)
$12.2 Billion (-2.1% relative to 2010)
5.1%

Data

All figures in millions of US dollars All figures in red are or contain estimates

Current News

Egypt

25-04-2012 World Bank shows surge in cash remittances to Egypt, Libya - African Manager

African Manager

World Bank shows surge in cash remittances to Egypt, Libya
African Manager
Poor countries recorded a US$ 372 billion in foreign remittances, with Egypt and Libya recording the most significant upward movements, but the reasons for this revision could not be explained, the World Bank said. “The reasons for an upward revision ...
Remittance corridorsThe Economist

all 12 news articles »

26-04-2012 Egypt: Foreign benefits - Oxford Business Group

Egypt: Foreign benefits
Oxford Business Group
Although a number of Egypt's other major revenue earners may have suffered following the ouster of former President Mubarak, foreign remittance inflows have weathered the instability fairly well, totalling roughly $14.3bn in 2011, according to the ...

and more »

28-04-2012 Saudis Close Embassy in Egypt - New York Times

The Times of Israel

Saudis Close Embassy in Egypt
New York Times
The reliance on financial remittances and other aid from those states has made other countries reluctant to complain about harsh treatment. Mr. Gizawy, a human rights activist, was campaigning against abuses of Egyptian workers in Saudi Arabia, ...
Saudi Arrest Lays Bare Egyptian ResentmentsThe Media Line
Saudi Arabia and the Egyptian 'no'Al-Arabiya
Egyptian government terrified of break with Saudi ArabiaThe Times of Israel
gulfnews.com
all 835 news articles »

01-05-2012 India Sees Remittance Inflows of $64b in 2011: World Bank - INDOlink

India Sees Remittance Inflows of $64b in 2011: World Bank
INDOlink
Egypt, Pakistan, Bangladesh, Nigeria, Vietnam, and Lebanon, were among other large recipients. “Remittance flows to developing countries are expected to grow at 7-8 per cent annually to reach $467 billion by 2014,” the multilateral lender said.

and more »

05-05-2012 Egypt and Italy sign agreement to facilitate money transfers through post offices - Ahram Online

Egypt and Italy sign agreement to facilitate money transfers through post offices
Ahram Online
Egypt Post and its Italian counterpart, Poste Italiane, signed an agreement to facilitate remittances from Egyptian workers in Italy through 1300 post offices in Egypt's governorates and 700 post offices in Italy. According to Mossaad Abdel-Ghani, ...

05-05-2012 Saudi Ambassador Returns to Egypt - New York Times

Saudi Ambassador Returns to Egypt
New York Times
The lawyer, Ahmed el-Gizawy, had been working to call attention to the detentions of hundreds of Egyptian citizens in Saudi Arabia. His arrest touched a nerve in Egypt, where many families rely on remittances from relatives who work in Persian Gulf ...

and more »

09-05-2012 Egypt Suez Canal revenue at $433.1 mln in April - Reuters

Egypt Suez Canal revenue at $433.1 mln in April
Reuters
Revenue in March was $428 million. The waterway is a vital source of foreign currency in Egypt, along with tourism, oil and gas exports and remittances from Egyptians living abroad. (Reporting by Mohamed Samir; Writing by Shaimaa Fayed)

and more »

11-05-2012 Moussa, Abul-Fotouh and Egyptian expats - Ahram Online

The Hindu

Moussa, Abul-Fotouh and Egyptian expats
Ahram Online
The question of Egyptian labour abroad was one of those issues that the former regime assiduously ignored, apart from matters affecting remittances to Egypt of course. The 25 January Revolution turned one of its spotlights onto this question in view of ...
Egypt's uncertain road to prosperity: economic challenges to long‐term stabilityOpen Democracy

all 701 news articles »

18-05-2012 Egypt election: It's the economy, stupid - GlobalPost

Egypt election: It's the economy, stupid
GlobalPost
Moussa, Morsi and Aboul Fotouh agree on the need to reduce Egypt's reliance on foreign currency reserves, once boosted by oil and gas exports, high tourism rates and remittances from abroad, to cover government spending. Egypt's foreign reserves fell ...

and more »

18-05-2012 EBRD-Euro crisis is big threat to emerging Europe - Reuters

EBRD-Euro crisis is big threat to emerging Europe
Reuters
... in turn support non-commodity exporters such as CIS that depend on Russia for exports and remittances. Set up in 1991 to invest in the ex-Communist states of eastern Europe, the EBRD is expanding its mandate to Tunisia, Morocco, Egypt and Jordan.

and more »

Egypt bank closures cut off vital Gulf remittances - 2011-02-01
Al Ansari Exchange announces new ties with National Bank of Egypt - 2010-07-31
Egyptian remittances drop 6.17 pct in Jul-Dec 2009 - 2010-03-19
Egyptian remittances on the decline - 2010-03-02
Egyptian remittances drop 23 pct in April-June - 2009-10-01
Gusher peters out for Egyptians in Persian Gulf - 2009-08-13

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