Close Menu
    Gulf Outlook: See the Gulf beyond the headlines.Gulf Outlook: See the Gulf beyond the headlines.
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    • Home
    • Contact Us
    Gulf Outlook: See the Gulf beyond the headlines.Gulf Outlook: See the Gulf beyond the headlines.
    • Home
    • Contact Us
    Home»Business»Egypt’s Remittance Receipts Reach $29.7 Billion in the First Seven Months of 2026
    Business

    Egypt’s Remittance Receipts Reach $29.7 Billion in the First Seven Months of 2026

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

    CAIRO, EGYPT / RankWire.AI / – In the initial seven months of 2026, remittances from Egyptians working overseas totaled approximately $29.7 billion. According to the Central Bank of Egypt, inflows increased by 28.1% compared to roughly $23.2 billion during January through July 2025. These figures reflect money sent back home by Egyptians employed abroad and represent the latest official data for the 2026 calendar year. The total is about $6.5 billion higher than the same period in 2025.

    Egypt remittances reached $29.7 billion through July 2026 after a 28.1% annual rise.
    Egypt remittances reached $29.7 billion through July 2026 after a 28.1% annual rise.

    Remittance inflows for July alone reached around $4.5 billion, marking a 20% rise from approximately $3.8 billion in July 2025. This monthly figure follows earlier increases reported earlier in the year. January remittances were about $3.5 billion, showing a 21% growth from $2.9 billion a year prior. February’s inflows reached roughly $3.8 billion, a 25.7% rise from $3.0 billion in February 2025. Combined, January and February contributed about $7.3 billion to the remittance total for the 2026 calendar year.

    On a fiscal-year basis, remittances hit approximately $47.3 billion in 2025/2026, which is 29.6% higher than the $36.5 billion recorded in fiscal 2024/2025. In June 2026, inflows stood at about $4.2 billion, compared with $3.6 billion in June 2025, representing a 15.6% increase. The overall rise for the fiscal year amounted to roughly $10.8 billion. The fiscal-year data covers July 2025 through June 2026, while the $29.7 billion total pertains to January through July 2026.

    Remittance inflows continue to grow at double-digit rates

    The Central Bank of Egypt also announced a record $41.5 billion in remittances for the calendar year 2025, which was 40.5% above the approximately $29.6 billion sent home in 2024. This increase amounted to about $11.9 billion in dollar terms. During the first half of fiscal 2025/2026, remittances reached around $22.1 billion, up from $17.1 billion a year earlier, marking a 29.6% rise over the six-month period.

    December 2025 saw remittances of about $4.0 billion, a 24% increase from $3.2 billion in December 2024, which the bank identified as a monthly record at the time. By January 2026, cumulative inflows for the fiscal year had climbed to $25.6 billion, reflecting a 28.4% increase from $20.0 billion. By February, the total reached approximately $29.4 billion, up from $23.0 billion a year earlier, representing a 28% increase over the eight-month fiscal period.

    Official figures indicate higher remittance inflows across periods

    The upward trend persisted into the spring months. Remittances from July through March of fiscal 2025/2026 amounted to roughly $34.9 billion, an increase of 32% from $26.4 billion. By April, the ten-month total had risen to approximately $39.2 billion, a 33.2% increase over the $29.4 billion reported the previous year. April alone contributed about $4.3 billion, which is a 44% rise from $3.0 billion in April 2025, with the absolute monthly gain around $1.3 billion.

    By May, remittances for the fiscal year had reached about $43.1 billion, an increase of 31.2% from $32.8 billion in the same period last year. May inflows were about $3.9 billion, up 13.5% from roughly $3.4 billion a year earlier. The total for 11 months was approximately $10.3 billion above the previous year’s figure. The fiscal year then closed at $47.3 billion, with the calendar-year total reaching $29.7 billion after July. Across all recent official reports, both cumulative and monthly remittance figures remained higher than their year-earlier counterparts.

    Related Posts

    China Maintains 3% One-Year LPR and 3.5% Mortgage Benchmark Amid Stable Rates

    September 21, 2026

    South Korea’s Fuel Tax Reduction Program Extended to Maintain Price Stability

    September 19, 2026

    US Tariffs and Energy Security Challenges Shape India’s Economic Ties with Washington

    September 18, 2026

    Gold Prices Drop Following Federal Reserve Rate Hike Announcement in Trading

    September 17, 2026

    UAE-India Relations Strengthened Through High-Level Engagement and Increased Trade

    September 14, 2026

    Oman’s Consumer Prices Accelerate, Inflation Reaches 3.4% in August 2026

    September 14, 2026
    Latest News

    Regional Security and Cooperation Highlighted in Trump-led Diplomatic Meeting with Leaders, including Abdullah bin Zayed

    September 23, 2026

    Egypt’s Remittance Receipts Reach $29.7 Billion in the First Seven Months of 2026

    September 22, 2026

    Heavy Rain and Strong Winds from Typhoon Dujuan Trigger Emergency Warnings in Eastern Japan

    September 21, 2026

    China Maintains 3% One-Year LPR and 3.5% Mortgage Benchmark Amid Stable Rates

    September 21, 2026

    23 Killed and 91 Wounded in Deadly Attack on Kohat Police Lines

    September 21, 2026

    Gene could raise lung cancer risk 60 times in study

    September 19, 2026

    South Korea’s Fuel Tax Reduction Program Extended to Maintain Price Stability

    September 19, 2026

    US Tariffs and Energy Security Challenges Shape India’s Economic Ties with Washington

    September 18, 2026
    © 2026 Gulf Outlook | All Rights Reserved
    • Home
    • Contact Us

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