Egyptian Expatriates
Additionally, remittances for the period from July to August 2024 increased by 76.2 percent, reaching around $5.6 billion, compared to approximately $3.2 billion during the same period last year.
The initiative is implemented in coordination between the Ministry of Awqaf (Endowments) and the Ministry of Emigration and Egyptian Expatriates' Affairs.
The initiative, launched for the first time in 2023, allows Egyptians between the ages of 18 and 30, as well as those who have exceeded this age range, to settle their military service status while staying abroad.
Prime Minister Mostafa Madbouli announced that remittances from Egyptian expatriates are gradually returning to their usual levels, particularly due to the narrowing gap between the official exchange rate and the black market rate.
Dozens of Egyptians abroad have lined up at their embassies and consulates in Arab countries and many states around the world to cast their vote in the 2024 Presidential Elections.
State authorities are preparing for the 2024 Presidential Elections as millions of Egyptians residing abroad will be able to cast their ballot from 1-3 December.
The only fees expats are required to pay now are: 30 percent of customs fees, total development fee and total value added tax (VAT), paid in foreign currency, which will be recovered after five years from the date of payments.
In August, the remittances from Egyptian expatriates decreased to $2.2 billion, compared to $2.4 billion during July 2021.
The CBE elaborated that the period from April to June 2022 witnessed an increase in remittances by 3 percent, to record about $8.3 billion, up from $8.1 billion during the corresponding period.
The president prayed to Allah to make this Eid a blessed and happy occasion.
The remittances decreased by 7.2 percent on a monthly basis as it recorded $3.3 billion in March 2022.
The CBE clarified that the remittances increased by 44.4 percent on a monthly basis which recorded $2.3 billion in February 2022.
CBE added that remittances from Egyptian expatriates during the first quarter of 2021/2020 climbed 1.5 percent on an annual basis to reach $8.1 billion, compared to $8 billion during the same quarter of 2020/2021.
Moreover, remittances from Egyptian expatriates hiked 10.4 percent during the fiscal year of 2019/2020 to reach $27.8 billion, recording its highest record ever, compared to $25.2 billion during the fiscal year of 2018/2019.
Remittances from Egyptian expatriates recorded $2.6 billion in November 2020, marking an annual increase of 27.9 percent.
The president’s order comes shortly after the Libyan Interior Ministry of the Government of National Accord (GNA) said it freed the abused workers in Tarhunah, southeast of the capital Tripoli, who have been kidnapped and humiliated by militias that are b
The Libyan authorities on Wednesday said it freed a group of Egyptian workers in Tarhunah, southeast of the capital Tripoli, who have been kidnapped and humiliated by militias that are believed to be allied to the Government of National Accord, which Egyp
While the volume of private transfers reached about LE 6630 million, compared to LE 5861 million during the compared period, marking an increase of about 4769 million.
“Whenever we succeed in adding the informal economy to the formal sector, this reflects on the economy and enables the state to attract foreign direct investment,” CBE’s governor stressed.
An exceptional third flight operated by the Egyptian flag carrier, EgyptAir, arrived from Kuwait to Cairo International Airport, to transfer the Egyptian nationals stuck in the Arab country over coronavirus.
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