expatriate remittances

Lebanon to stop paying back all debt in foreign currencies
Middle East

Lebanon to stop paying back all debt in foreign currencies

BEIRUT (AP) — Lebanon will stop paying all maturing Eurobonds in foreign currencies amid a crippling economic and financial crisis…
Coronavirus likely to increase US dollar exchange rate in Egypt: Experts
Business

Coronavirus likely to increase US dollar exchange rate in Egypt: Experts

Experts anticipate that the worldwide spread of the novel coronavirus will increase the US dollar’s exchange rate against the Egyptian…
Egyptian expat remittances hit highest level ever, boosts economy
Business

Egyptian expat remittances hit highest level ever, boosts economy

Remittances from Egyptians working abroad rose to its highest level ever, boosting their home economy according to new Central Bank…
As remittances grow, government clambers for more
Business

As remittances grow, government clambers for more

As money sent home from Egyptians abroad reaches a record level, President Mohamed Morsy and his government have pinpointed this…
Suez Canal revenues, expat remittances up despite revolution
Business

Suez Canal revenues, expat remittances up despite revolution

Despite the revolution and global financial troubles, some sectors of the Egyptian economy have attained stable performance and growth rates,…
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