Hommam Al Nassim 
Remittances from Egyptians working in Saudi Arabia and the UAE accounted for about 72.7% of the total remittances of Egyptians from the Arab countries during the fiscal year 2022/2023.
These recent data were released by the Central Agency for Public Mobilization and Statistics in Egypt.
The data showed that Saudi Arabia topped the list of countries sending remittances from Egyptians with a value of $ 8.3 billion, representing more than 58% of the total remittances received from Arab countries.
The UAE came in second place with remittances of $2.1 billion, equivalent to about 14.6 percent of the total.
Kuwait came in third place with remittances of $2 billion, accounting for 14% of total remittances, followed by Qatar in fourth place with $940.6 million, representing about 6.5%.
Jordan came in fifth place with remittances of $415.3 million, or 2.9%.
According to data from the Egyptian Statistics Authority, the total value of remittances of Egyptians working in Arab countries amounted to about $ 14.3 billion in the fiscal year 2022/2023, compared to $ 21.5 billion in the fiscal year 2021/2022, reflecting a decrease of 33.4%.
On the other hand, remittances of workers from Arab countries to Egypt recorded about $ 94.5 million during the fiscal year 2022/2023, compared to $ 112 million in the previous fiscal year.
The UAE topped these remittances with $35.5 million, followed by Saudi Arabia with $26.1 million, Jordan with $5.6 million, Kuwait with $4 million, and Bahrain with $3.97 million.
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