Egypt sees surge in remittances
International News
July 12, 2024
Egypt has experienced a significant increase in remittances, positively impacting the economy. Mahmoud El Attar, a Cairo resident, noted that these funds are crucial for families, helping them meet daily expenses and improve their living standards. Ahmed Saad, CEO of SAK stock brokerage firm, highlighted that the influx of remittances has strengthened the local currency and provided a boost to consumer spending.