The document highlighted boosting exports, tourism and Suez Canal revenues, remittances, FDIs, and strengthening the outsourcing sector
The data further reveals that Egyptian remittances witnessed a decrease of 2% in the first quarter of the fiscal year (FY) 2023/2024, amounting to $4.523 billion
The drop is attributed to the widening gap between the official and unofficial exchange rates, leading Egyptians abroad to utilize unofficial channels when sending remittances
The company will be established next year and its shares will be listed on the Egyptian Exchange
Suez Canal revenue, a vital source of hard currency, witnessed a significant surge of 25.2% in FY2022/2023, reaching an all-time high of $8.8 billion
