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REMITTANCES IN EGYPT
Suez Canal sees oil tanker surge amid Strait of Hormuz disruptionEgypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of ...- India Inc hikes prices, shrinks packs as Iran war squeezes marginsIndian businesses face mounting pressure from soaring oil, freight, and insurance costs. Companies are increasing prices and reducing produ...
- Trump’s trap: The price Asim Munir must pay for American flatteryTrump’s push to expand the Abraham Accords has placed Pakistan in a sharp diplomatic bind, according to the report. After recent US engagem...
- For foreign workers in Mideast, risk from Iran war collides with economic strain at homeA missile strike in the Mideast killed Mohammad Abdullah Al Mamun, a Bangladeshi migrant worker, highlighting the perilous situation for mi...
- Global Market: Emerging markets face mounting economic pressure amid Iran war disruptionsThe Iran war's economic ripple effect is hitting emerging markets hard, two months on. Rising inflation, trade disruptions, and fiscal stra...
- Iran war leaves crisis-scarred countries counting the costIran war: Sri Lanka, Egypt, and Pakistan are struggling with rising energy costs. The Iran war has worsened their economic situations. Thes...
- IMF says risks to Middle East outlook tilted to downside on global uncertaintyThe International Monetary Fund has increased its 2025 growth forecast for the Middle East and North Africa region. Despite recent improvem...
- Egypt's middle class cuts costs as IMF-backed reforms take holdEgypt's middle class is facing an unprecedented economic crisis, with many struggling to afford basic necessities. IMF-backed reforms, incl...
- Indian diaspora sends home over $100 billion for second year in a rowMy 2023-24 remittances were influenced by migration trends, job opportunities, and costs, with the US as the primary source. India remained...
- India tops global remittance charts at $125 billion in 2023Despite these positive trends, challenges and potential risks are highlighted. The Middle East and North Africa saw a decline in remittance...
- Remittance cost for workers outside India likely to be brought down to 3% by 2027: Official"Workers and labourers employed outside India have to bear a high remittance cost, and G20 leaders have attached a lot of significance to r...
- MENA region emerges as world's fastest-growing crypto adopter -studyWhile the Middle East and North Africa region is one of the smallest crypto markets, its growth to $566 billion received in cryptocurrency ...
- With $87 billion, India top remittance recipient in 2021: UN reportWith $87 billion, India was the top remittance recipient among low- and middle-income countries, as per 2021 estimates, way ahead of China ...
- India to top global remittances with $71 billion this yearIndia will retain its top spot with $71 bn in remittances this year as remittances to developing countries are expected to reach $435 bn, t...
- India may be top recipient of remittances in 2012, says World BankThe country is set to receive about $70 bn by the end of year, with China coming second with remittances of $66 bn, according to study.
- India to receive record $70 billion remittances in 2012: World BankAfter India, China will stand second with $66 billion, followed by Mexico and the Philippines with $24 billion each, a latest report said.
- India to see highest foreign remittances in 2011: World BankDeveloping countries are expected to receive a total of USD 351 billion in foreign remittances in 2011, led by India USD 58 billion.
- Egypt crisis to hit India’s current account deficit: CitiIf the political unrest in Egypt spreads to other parts of the Middle East and North Africa that would have adverse implications for India’...
- Indians in UAE to benefit from new mobile remittance schemeOver 1.75 million Indian nationals living in the UAE will find it easier to send money home using their mobile phones.
- Cargo ship blocks Suez canalThe Suez Canal was blocked for three hours Saturday by a cargo ship which broke down in Egypt's economically vital waterway, an official of...
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