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Significant Growth in Egypt’s Islamic Banking Sector in 2024

March 3, 2025March 3, 2025 - by Victor Santos - Leave a Comment

In 2024, Egypt’s Islamic banking sector reached LE 1.14 trillion, accounting for 5% of the market, showing a 68% increase. Islamic deposits rose to LE 738 billion, while Sharia-compliant financing …

Egyptian Remittances: A Pillar of Economic Stability

March 1, 2025March 1, 2025 - by Maya Chowdhury - Leave a Comment

Egyptian remittances from abroad surged by 51.3% in 2024, reaching $29.6 billion, reinforcing their essential role in Egypt’s foreign currency supply and economic stability. The Central Bank’s exchange rate liberalization …