CAIRO, 21 August 2022 (WAM) — Data from the Egyptian Public Mobilization Statistics Authority (CAPMAS) show that the value of Emirati investment in Egypt has risen to an initial $1.9 billion (AED6.98 billion). clarified. This is a 169.1% increase compared to his US$712.6 million (AED2.617 billion) for the same period in 2020-2021.

In today’s statement, CAPMAS said the value of trade deals between Egypt and the UAE increased to about US$1.2 billion in the first quarter of 2022, compared with US$1.1 billion in the same period in 2021, an increase of 1.4%. revealed to have increased.

According to the statement, remittances from Egyptians working in the UAE reached US$3.5 billion during the 2020-2021 financial year, an increase of 1.4%, compared to US$3.4 billion in the 2019-2020 financial year.

WAM/Hazem Hussein/Khoder Nashar

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