September 16, 2021

Egyptian remittances record $31.4bn in FY 2020/21: CBE

Remittances grow by 13.2% over last year

The Central Bank of Egypt (CBE) said that remittances from Egyptians working abroad increased by about $3.7bn (13.2%) during fiscal year (FY) 2020/21, achieving a historic level of about $31.4bn, compared to about $27.8bn in FY 2019/20.

CBE explained, in a statement on Wednesday, that those transfers jumped by 29.6%, to record about $8.1bn during the period April-June 2021, compared to about $6.2bn during the same period in 2020.

Remittances increased in June 2021 at an annual rate of 15.5% to record about $2.9bn, compared to about $2.6bn in June 2020.


Categories : banking

Finance & Economy

EngageSmart to Announce Third Quarter 2021 Financial Results on November 10, 2021

2021-10-20 10:00:00
EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically-tailored customer engagement software and integrated payments solutions, will report third quarter 2021 financial results after the close of the market on Wednesday, November 10, 2021. Management will host a conference call to discuss the results at 5:00 p.m. ET. The conference call will be webcast......
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