Remittance inflows from Egyptians working abroad rose sharply in 2025, providing a significant boost to the country’s foreign currency earnings.
Egypt sees sharp rise in remittance inflows in 2025, Central Bank says © Mena Today
Remittance inflows from Egyptians working abroad rose sharply in 2025, providing a significant boost to the country’s foreign currency earnings.
According to the Central Bank of Egypt, remittances increased 42.8 percent year on year during the first ten months of the year, reaching US$33.9 billion, up from US$23.7 billion over the same period in 2024.
The strong performance reflects growing confidence in official banking channels and improved foreign exchange conditions, as well as continued support from Egyptians living and working overseas.
Monthly figures also showed a notable rise. In October 2025, remittance inflows climbed 26.2 percent to US$3.7 billion, compared with US$2.9 billion recorded in October 2024, the bank said.
The data, reported by Ahram Online, highlights the critical role remittances play in supporting the Egyptian economy. Transfers from Egyptians abroad remain one of the country’s largest and most stable sources of foreign currency, helping to strengthen external balances and ease pressure on the local currency.
Economists note that sustained growth in remittances could contribute to greater financial stability in Egypt, particularly amid ongoing global economic uncertainty.
European airlines like Wizz Air, Lufthansa and British Airways dodged Iraqi and Iranian airspace on Thursday, according to flight tracking websites, opting instead for routes over Afghanistan and central Asia in an effort to mitigate risks associated with ongoing geopolitical turmoil in Iran and the Middle East.
The United States stands by the “brave people of Iran,” and President Donald Trump "has made it clear all options are on the table to stop the slaughter," U.S. Ambassador to the United Nations Mike Waltz told the U.N. Security Council on Thursday.
UAE President Sheikh Mohamed bin Zayed Al Nahyan on Thursday received Bassirou Diomaye Faye, President of Senegal, during his working visit to the United Arab Emirates, which includes participation in Abu Dhabi Sustainability Week 2026.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
