According to the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS), Emirati investments increased by 169.1 percent during the first half of the fiscal year 2021-2022 to US$1.9 billion (AED6.98 billion), compared with US$712.6 million (AED2.617 billion) during the same period of the fiscal year 2020-2021.
It was revealed today by CAPMAS that the value of trade exchange between Egypt and the UAE increased by 1.4 percent to US$1.2 billion in the first quarter of 2022 from US$1.1 billion in the same period last year. During the 2020-2021 fiscal year, Egyptians working in the UAE sent US$3.5 billion in remittances, an increase of 1.4% compared to US$3.4 billion during the 2019-2020 fiscal year.