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Egypt Ranked 5th in the World's Top Recipients of Remittances in 2018

Egyptians are clearly doing well abroad.

egyptian flag abroad

Egypt has ranked fifth in the top recipient of remittances globally in 2018, with inflows from Egyptians working abroad making up around $29 Billion. According to the World Bank’s Migration and Development Brief, the remittances rose over 17% compared to the $18.2 Billion made in 2017, which also contributed a 9% increase in the total remittances of MENA.

The report also states that the cost of sending home remittances in the MENA region declined from 7.4% to 6.9% in 2017, which is lower than the global average (7%). The cost of inflows going from GCC countries to Egypt and Jordan can sometimes be as low as 5% or less.

The Egyptian diaspora is mostly located in KSA, followed by Jordan, then the UAE. Saudi Arabia has almost 3 million Egyptian expats, while Jordan has 1.6 million and the UAE around 750,000.

Top of the list is India whose remittances amounting to $79.5 Billion.


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Block Party ft. Feedo @ CJC 610
Bars
Date: 4/26/2019
Time: 10:00pm - 3:00am
Venue: Cairo Jazz Club 610
Freedom Music Tour @ Sharm El Sheikh
Parties
Date: 4/26/2019
Time: 10:00pm - 7:00pm
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Some Weekend @ Sahl Hasheesh
Parties
Date: 4/26/2019
Time: 1:00pm - 1:00am
Venue: Sahl Hasheesh - International Resort Community
Friday Brunch ft Shady Ahmed @ The Tap East
Bars
Date: 4/26/2019
Time: 2:00pm - 8:30pm
Venue: The Tap East
Egg-Citing Easter @ Conrad Cairo
Variety
Date: 4/26/2019
Time: 3:00pm - 4:00am
Venue: Conrad Cairo
Friday Fever @ CJC
Bars
Date: 4/26/2019
Time: 10:00pm - 3:00am
Venue: Cairo Jazz Club
Marwan Pablo @ Darb 1718
Concerts
Date: 4/26/2019
Time: 8:00pm - 10:00pm
Venue: Darb 1718
FRIDAY MARKET @ OSANA FAMILY WELLNESS
Variety
Date: 4/26/2019
Time: 11:00am - 3:00pm
Venue: Osana Family Wellness