Close Menu
    • Home
    • Contact Us
    Arab Messenger
    • Automotive

      Jaguar Type 01 electric GT debuts with 1,030 PS

      October 7, 2026

      Porsche to cut 5000 more jobs under restructuring plan

      July 28, 2026

      Japan new car sales rise 1.8% in first half of 2026

      July 2, 2026

      Porsche reveals bespoke 911 GT3 RS in Macadamiametallic

      May 18, 2026

      Mercedes-Benz unveils electric C-Class in Seoul

      April 21, 2026
    • Business

      Korea’s chip exports soar 259% as October shipments hit record

      November 2, 2026

      Kenya targets 150,000 tonnes of coffee with new varieties

      October 31, 2026

      Germany’s EV boom lifts global sales to record 11 million

      October 30, 2026

      Brent tops $115 as US-Iran strike reports lift oil

      October 29, 2026

      Microsoft voluntary exit offer covers 27% of its workforce

      October 27, 2026
    • Entertainment

      Sony confirms God of War trilogy remake and PS5 prequel

      February 13, 2026

      Apple Arcade adds Jeopardy and NFL games in September update

      August 19, 2025

      Moscow hosts historic 47th international festival

      April 19, 2025

      Moscow International Film Festival opens 47th edition

      April 18, 2025

      Legal action against ‘Ketamine Queen,’ doctors in Perry overdose

      August 17, 2024
    • Health

      Dengue kills 173 in October as Bangladesh toll climbs to 418

      November 2, 2026

      Ebola deaths in DR Congo reach 5,340, fatality rate at 51.6%

      November 2, 2026

      Ebola death toll in DR Congo nears 4,900 as cases pass 10,000

      October 28, 2026

      Malaria kills 22 in Namibia’s Zambezi Region as cases rise

      October 26, 2026

      DR Congo Ebola cases reach 9,765 as new clusters emerge

      October 24, 2026
    • Luxury

      Global luxury market contracts for first time since Great Recession

      November 18, 2024

      Uncover the allure of Rolex Deepsea – luxury awaits.

      April 10, 2024

      Beyond timekeeping to the prestige of the Rolex Day-Date

      March 2, 2024

      Rare uncut emerald dazzles at Sharjah show

      February 1, 2024

      Porsche and Frauscher launch the electric 850 Fantom Air

      October 17, 2023
    • Lifestyle

      Adidas unveils Treadflow, a treadmill shoe innovation

      August 24, 2025

      U.S. Polo Assn.’s fall-winter 2024 line inspired by Salt Lake City

      September 20, 2024

      JP Morgan funds Fresha with $31 million for AI and robotics growth

      August 23, 2024

      Adidas, Highsnobiety debut limited-edition sneakers

      January 6, 2024

      Unraveling Starbucks’ phenomenon as a worldwide coffee powerhouse

      September 1, 2023
    • News

      India’s extreme poverty falls to 2.6% under Modi’s growth push

      October 31, 2026

      Cyclone Arnab kills three as India evacuates thousands

      October 29, 2026

      UAE leaders honour flydubai crew for courage in air incident

      October 28, 2026

      Sheikh Khaled and Carney discuss UAE-Canada ties in Ottawa

      October 28, 2026

      Fertiliser costs from Iran war put African harvests at risk

      October 27, 2026
    • Sports

      Ballon d’Or 2026 nominees confirmed for London ceremony

      September 9, 2026

      Lionel Messi retires from Argentina after 21-year record run

      September 1, 2026

      Portugal fall to Spain as Ronaldo legacy closes

      July 7, 2026

      Brazil exits World Cup after Norway Round of 16 victory

      July 6, 2026

      Oyarzabal brace sends Spain past Austria at World Cup

      July 3, 2026
    • Technology

      Apple iPhone Duo sets a new benchmark for foldable design

      November 2, 2026

      Apple’s iPhone Duo pairs passport design with key compromises

      November 2, 2026

      Apple brings Touch and PROLED XDR display to MacBook Pro

      October 29, 2026

      Integrated Identity Enters Global Top 0.1% with Rare 100/100 Google PageSpeed

      October 29, 2026

      Ultrasonic welding method doubles strength of metal joints

      October 21, 2026
    • Travel

      Türkiye aims to rank sixth in global tourism revenue

      October 21, 2026

      Air Arabia launches Sharjah flights to Amman City Airport

      October 9, 2026

      Air Arabia resumes daily Ras Al Khaimah Kozhikode service

      October 7, 2026

      flydubai showcases growing Syria network with daily flights

      September 29, 2026

      Fleet expands as Emirates enters winter season with strong bookings

      September 15, 2026
    Arab Messenger
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    Home » Egypt overseas transfers total $29.7 billion through July
    Business

    Egypt overseas transfers total $29.7 billion through July

    September 22, 2026
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    CAIRO, EGYPT / RankWire.AI / – Remittances from Egyptians working abroad totaled about $29.7 billion from January through July 2026. The Central Bank of Egypt said the figure rose 28.1% from about $23.2 billion a year earlier. The seven-month increase added roughly $6.5 billion compared with the same period of 2025. The data cover funds sent home by Egyptians employed overseas. The January-to-July gain followed the record level reported for calendar 2025.

    Overseas remittances to Egypt continued rising across the first seven months of 2026.
    Overseas remittances to Egypt continued rising across the first seven months of 2026.

    July produced about $4.5 billion in remittances, up 20% from roughly $3.8 billion in July 2025. Earlier months also recorded year-on-year gains. January inflows reached about $3.5 billion, compared with $2.9 billion a year earlier. February remittances climbed to about $3.8 billion from $3.0 billion in February 2025. Together, January and February accounted for about $7.3 billion of the seven-month total. The first two months exceeded their year-earlier combined level by about $1.4 billion.

    The broader fiscal-year figures also showed a higher level of remittance inflows. Egypt received about $47.3 billion during fiscal 2025/2026, up 29.6% from $36.5 billion in the previous fiscal year. June 2026 brought in about $4.2 billion, compared with $3.6 billion in June 2025. That monthly increase was 15.6%. The fiscal year covered July 2025 through June 2026, while the latest seven-month figure tracks January through July 2026. In dollar terms, the fiscal-year increase was about $10.8 billion.

    Remittance inflows rise across reporting periods

    Calendar-year data also recorded higher inflows. Remittances reached about $41.5 billion in 2025, an increase of 40.5% from approximately $29.6 billion in 2024. That represented a gain of about $11.9 billion. During the first half of fiscal 2025/2026, inflows totaled about $22.1 billion. The comparable six-month figure one year earlier was $17.1 billion. That period therefore recorded an increase of 29.6%.

    December 2025 reached a monthly record of about $4.0 billion, up 24% from $3.2 billion a year earlier. By January 2026, cumulative fiscal-year remittances had reached $25.6 billion. That compared with $20.0 billion in the same period of the previous fiscal year. The Central Bank of Egypt then reported about $29.4 billion through February. That was 28% higher than the roughly $23.0 billion recorded during the comparable eight-month period. December’s year-on-year increase amounted to about $800 million.

    Spring data extend the remittance gains

    The cumulative total continued to rise during the spring. Remittances for July through March of fiscal 2025/2026 reached about $34.9 billion. That was 32% above the $26.4 billion reported for the comparable period. By April, the total had increased to about $39.2 billion, up 33.2% from $29.4 billion. April alone generated about $4.3 billion, compared with $3.0 billion in April 2025. The monthly increase was 44%, equal to roughly $1.3 billion.

    By May, fiscal-year remittances had climbed to about $43.1 billion, up 31.2% from $32.8 billion a year earlier. May inflows totaled about $3.9 billion, compared with roughly $3.4 billion in May 2025. The 11-month increase amounted to about $10.3 billion. The fiscal year ended at $47.3 billion after June. July then lifted the 2026 calendar-year total to $29.7 billion. The latest monthly, calendar-year and fiscal-year comparisons all remained above their corresponding year-earlier levels.

    Related Posts

    Korea’s chip exports soar 259% as October shipments hit record

    November 2, 2026

    Kenya targets 150,000 tonnes of coffee with new varieties

    October 31, 2026

    Germany’s EV boom lifts global sales to record 11 million

    October 30, 2026

    Brent tops $115 as US-Iran strike reports lift oil

    October 29, 2026

    Microsoft voluntary exit offer covers 27% of its workforce

    October 27, 2026

    South Korea current account surplus hits $116.63 billion in Q2

    October 26, 2026
    Latest News

    Apple iPhone Duo sets a new benchmark for foldable design

    November 2, 2026

    Dengue kills 173 in October as Bangladesh toll climbs to 418

    November 2, 2026

    Korea’s chip exports soar 259% as October shipments hit record

    November 2, 2026

    Ebola deaths in DR Congo reach 5,340, fatality rate at 51.6%

    November 2, 2026

    Apple’s iPhone Duo pairs passport design with key compromises

    November 2, 2026

    India’s extreme poverty falls to 2.6% under Modi’s growth push

    October 31, 2026

    Kenya targets 150,000 tonnes of coffee with new varieties

    October 31, 2026

    Germany’s EV boom lifts global sales to record 11 million

    October 30, 2026
    © 2026 Arab Messenger | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.