16 December, 2025

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Egyptian remittances jump 47% to $26.3 billion

The Central Bank of Egypt on Wednesday announced a significant increase in remittances from Egyptians abroad, reaching $26.3 billion from January to November 2024. The bank added in a statement that remittances from Egyptians working abroad continued to achieve successive leaps following the reform measures taken in March 2024. They increased during November 2024 by …

The post Egyptian remittances jump 47% to $26.3 billion appeared first on Egypt Independent.

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Egypt Independent January 30, 2025

Samsung reports enormous jump in profit on AI boom

Seoul Reuters  —  Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefiting from a solid rebound in the battered global memory chip market. The upbeat outlook from the world’s largest memory chip maker sent its shares 1.8 percent higher on Tuesday after it reported a …

The post Samsung reports enormous jump in profit on AI boom appeared first on Egypt Independent.

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Egypt Independent May 1, 2024

Dubai breaks its own record: International arrivals jump 19.4% in 2023

Dubai welcomed more tourists than ever before in 2023, attracting 17.15 million international overnight visitors over the course of the year, according to the latest data published by Dubai’s Department of Economy and Tourism (DET). Representing a 19.4% YoY growth over the 14.36 million tourist arrivals in 2022, last year’s figure also exceeded the previous …

The post Dubai breaks its own record: International arrivals jump 19.4% in 2023 appeared first on Egypt Independent.

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Egypt Independent February 9, 2024