Egyptian Expats’ Remittances Up 5.7% in 11 M: CBE

• Tuesday, 29th January 2019
• by Invest Gate

The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country’s main sources of foreign currency, hiked by 5.7% - or USD 1.2 bn - in the first 11 months of 2018 to USD 23. ...

Egypt’s Foreign Reserves Drop for 1st Time in 2 Years

• Tuesday, 8th January 2019
• by Invest Gate

The Central Bank of Egypt (CBE) has unveiled that the country's foreign currency reserves dropped last December for the first time since the EGP flotation, standing at USD 42.551 bn compared to USD 44.513 bn at th ...

Egyptian Expats’ Remittances Rise 8% in 10 M

• Tuesday, 25th December 2018
• by Invest Gate

The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country’s main sources of foreign currency, rose 8% YoY during the first ten months of 2018 to reach USD 21.4 bn, up ...

CBE to End Forex Repatriation Mechanism on December 4

• Tuesday, 4th December 2018
• by Invest Gate

The Central Bank of Egypt (CBE) decided on November 28 to terminate the foreign exchange repatriation mechanism, starting from December 4, for new portfolio investments

Egyptian Expats’ Remittances Grow 20.4% YoY in September: CBE

• Wednesday, 21st November 2018
• by Invest Gate

The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country's main sources of foreign currency, jumped by 20.4% YoY in September to reach USD 1.8 bn, up from USD 1.5 bn ...

Developmental Projects Decelerated at the New Capital

• Thursday, 29th December 2016
• by Farah Montasser

Due to Egypt’s current economic condition following the floatation of the pound and price increase of materials and production cost, many contractors have decreased the development rate at the Administrative Capital, ...

Revenues from Exporting Construction Materials Doubled in 2016

• Sunday, 25th December 2016
• by Farah Montasser

Egypt’s exports of construction and building materials has reached EGP 41.93 bn in 2016 compared to last year’s EGP 21.93 bn, according to Export Council for Building, Refractory and Metallurgy Industries (ECBM), rep ...

Real Estate Companies to be Compensated for their Losses

• Thursday, 22nd December 2016
• by Farah Montasser

Through recent mechanisms adapted by the Construction Companies’ Compensations Committee, the Egyptian government is to compensate real estate developers under government contracts for their losses, reported Daily Ne ...