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Abu Dhabi / WAM
The data of the Egyptian Central Agency for Public Mobilisation and Statistics (Capmas) revealed that value of Emirati investments in Egypt increased to AED6.98 billion during the first half of the 2021-2022 fiscal year, compared to AED2.617 billion during the same period of the fiscal year 2020-2021, an increase of 169.1 percent.
In a statement on Sunday, Capmas revealed that value of the trade exchange between Egypt and the UAE increased to about AED4.41 billion during the first quarter of 2022, compared to AED4.04 billion during the same period in 2021, an increase of 1.4 percent.
According to the statement, the value of remittances from Egyptians working in the UAE reached $3.5 billion during the 2020-2021 fiscal year, compared to $3.4 billion during the 2019-2020 fiscal year, an increase of 1.4 percent.