Egyptian expatriate remittances rise to $25.6 billion in first seven months of fiscal year 2025/2026
via Egypt Today1 min read
Remittances from Egyptians working abroad reached approximately $22 billion between July and December 2025, according to the Central Bank of Egypt. The bank reported that Egypt鈥檚 external transactions in the first half of fiscal year 2025/2026 showed an improved current account balance, with the deficit narrowing to about $9.5 billion. Capital and financial accounts recorded net inflows of around $6.5 billion. The tourism sector also saw strong performance, with revenues increasing by 17.3 percent to nearly $10.2 billion compared to about $8.7 billion in the same period of the previous fiscal year. Overall, remittances from Egyptians abroad increased by 28.4 percent year-on-year, reaching roughly $25.6 billion from July 2025 to January 2026, up from approximately $20 billion in the corresponding period a year earlier. In January 2026 alone, remittance inflows climbed by 21 percent to about $3.5 billion, compared with approximately $2.9 billion in January 2025.
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President Abdel Fattah El-Sisi stated on Tuesday that Gulf security is an integral part of Egyptian national security, expressing Cairo's full solidarity with Manama amidst regional tensions. These remarks were made during his visit to Bahrain, where he met with King Hamad bin Isa Al Khalifa after a visit to Qatar. The Spokesperson for the Egyptian Presidency, Ambassador Mohamed El-Shennawy, reported that Sisi underscored Egypt鈥檚 unwavering support for Bahrain鈥檚 stability and condemned any unjustified attacks against the kingdom as a violation of international law and a dangerous regional escalation. He reiterated Egypt's rejection of attempts to compromise the security of Bahrain, Gulf Cooperation Council nations, or the broader Arab region, affirming Cairo's stance with its partners to protect their sovereignty. Sisi also praised King Hamad's leadership in maintaining regional stability and detailed Egypt's diplomatic efforts to de-escalate tensions peacefully. King Hamad welcomed El-Sisi and appreciated Egypt's continuous support for Gulf security. Both leaders emphasized the need for close coordination and joint action to address shared challenges and restore stability.
President Abdel Fattah El-Sisi visited Lusail Palace in Doha to extend his condolences to the Amir of Qatar, Sheikh Tamim bin Hamad Al Thani, following the passing of the Father Amir, Sheikh Hamad bin Khalifa Al Thani. President El-Sisi expressed Egypt's solidarity with Qatar during this period of mourning and acknowledged the late Father Amir's contributions to Qatar's development. The Spokesman for the Egyptian Presidency, Ambassador Mohamed El-Shennawy, confirmed President El-Sisi's message of support. Sheikh Tamim bin Hamad Al Thani thanked President El-Sisi for his visit and emphasized the strong historical ties between their nations, expressing a desire to enhance bilateral cooperation.
Egypt's Minister of Agriculture Alaa Farouk met with AbdulHakim Elwaer, the FAO's Regional Representative for the Near East and North Africa, to discuss strengthening cooperation, particularly FAO's support for the government's "Productive Village Revival" initiative. This initiative aims to transform Egyptian villages from consumer communities into productive economic hubs, promoting sustainable rural development. Key aspects include enhancing youth and rural women's skills, creating jobs, increasing household incomes, and establishing a unified brand for village products. The plan also focuses on diversifying rural income, improving environmental sustainability through waste recycling, expanding contract farming and mechanization, supporting livestock development, promoting silk and beekeeping industries, and strengthening agricultural cooperatives. Elwaer affirmed FAO's readiness to provide technical expertise and support for the initiative's long-term success.