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Business, Economy

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UAE investments in Egypt rise by 169% in 6 months

Emirates investments in Egypt reached US$1.9 billion during the first half of 2021-2022. (Representative pic)
By TRENDS Desk
August 22, 2022 8:27 am
  • In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about US$1.2 billion
  • The value of remittances from Egyptians working in the UAE rose by 1.4 percent, reaching US$3.5 billion during the 2020-2021 fiscal year

Emirates investments in Egypt reached US$1.9 billion (AED6.98 billion) during the first half of 2021-2022, up 169.1 percent from US$712.6 million (AED2.617 billion) in the same period of fiscal year 2020-2021,  Egyptian Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed. 

In a statement on Sunday, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about US$1.2 billion during the first quarter of 2022, compared to US$1.1 billion during the same period in 2021, which is an increase of 1.4 percent.

According to the statement, the value of remittances from Egyptians working in the UAE rose by 1.4 percent,.reaching US$3.5 billion during the 2020-2021 fiscal year, compared to US$3.4 billion during the 2019-2020 fiscal year. 

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600