22 Aug 2022

CAPMAS (The Center for Public Mobilization & Statistics) reported that total investments made by the UAE in Egypt shot up by over 169% YoY to USD1.9bn during 1H21/22. Total trade between the two countries rose by over 9% YoY during 1Q22 to reach USD1.2bn. Egyptian exports to the UAE surged 70% YoY to USD577mn, while imports dropped by 19% YoY to USD643mn. During 2021, total trade between Egypt and the UAE registered USD3.6bn. On a related note, remittances from Egyptians working in the UAE reached USD3.5bn in FY21/22. (Sources: Zawya (English), al-Ahram (English) (Arabic), Daily News Egypt (English), Sada el-Balad (English), Business Today Egypt (English), al-Arabiya (English) (Arabic), Arab News (English), The National (English), Gulf Business (English), al-Maal, Mubasher, Amwal al-Ghad, Hapi Journal, Economy Plus, al-Aalam al-Youm, al-Youm al-Saabe, al-Masry al-Youm, al-Dustour, al-Watan, al-Dustour, al-Shurouk, Akhbar al-Youm, al-Ain, al-Ittihad, al-Sharq Business, CNBC Arabia, Sky News Arabia)