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Significant Growth in Egypt’s Islamic Banking Sector: 68% Increase in 2024

March 3, 2025March 3, 2025 - by Marcus Chen - Leave a Comment

In 2024, Egypt’s Islamic banking sector surged by 68% to LE 1.14 trillion, representing 5% of the total banking market. Islamic deposits rose to LE 738 billion, while Sharia-compliant financing …

The Impact of Egyptian Remittances on Economic Stability

March 1, 2025March 1, 2025 - by Marcus Chen - Leave a Comment

Egyptian remittances are a key source of foreign exchange, crucial for national financing and stability. In 2024, they surged by 51.3% to approximately $29.6bn. The rise is linked to the …