Remittances
The Central Bank of Egypt announced that the government repaid $6.442bn in external debt service during the first quarter of the 2025/2026 fiscal year. The total includes $2.078bn in interest payments and $4.363bn in principal repayments. This compares to $7.952bn in the same period of 2024/2025.
Imeripotiwa na AI
Egypt’s current account deficit narrowed by 13.6% to $9.5bn in the first half of fiscal year 2025/26, driven by a 29.6% surge in remittances to $22.1bn, Central Bank of Egypt data shows. Tourism and Suez Canal revenues also boosted the services surplus.
In Cuba, remittance couriers like Javier face a sharp drop in work due to police raids on currency networks. The government aims to control incoming dollar flows, as remittances become the main foreign currency source after the pandemic. This crackdown has bred fear and economic hardship for those relying on these services.
Imeripotiwa na AI
The Central Agency for Public Mobilization and Statistics reported Egypt's trade with G20 countries rose to $70.4 billion from January to September 2025, up from $61.7 billion the previous year, a 14.1% increase. The announcement coincided with the G20 Summit in Johannesburg, South Africa, attended by Prime Minister Mostafa Madbouly on behalf of President Abdel Fattah Al-Sisi.