Money transfers through official channels by Egyptians working abroad plummeted by 23% during the second half of 2022, reaching the lowest level since the 2016 crisis. Remittances, a key source of hard currency in Egypt, [ More … ]
The country’s industries are struggling to fund imports and lure investors amid foreign currency crisis that is stifling business. Egyptian entrepreneurs have warned that uncertainty over the exchange rate is suffocating business and impeding their [ More … ]
BY: CEMIL ERTEM* One reason for the inconsistent up and down trend in the dollar is the U.S.’s lack of efficient politics, especially in the Middle East and Pacific region. The dollar, which has been [ More … ]
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