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بوابة الفجر
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Source: بوابة الفجر
2 Daysبوابة الفجر
Source: بوابة الفجر
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Tarek Fayad, CEO and Managing Director of United Bank, said remittances from Egyptians abroad exceeded $47 billion last year, up 30%. The number of Egyptians living abroad is estimated at between 11 million and 14 million. He attributed the increase to monetary reforms and a flexible exchange-rate policy, as well as advances in digital services and the ease of making transfers. He noted that remittances support foreign-currency inflows and cover part of the country’s import bill. Fayad called for offering attractive savings and investment products to Egyptians abroad, expanding training for skilled workers, and opening up new international labor markets.
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