Latest news with #KangSeo-ha
See - Sada Elbalad
2 days ago
- Business
- See - Sada Elbalad
Remittances from Egyptians Abroad Surge 70% to $32.8 Billion
Taarek Refaat Press Statement During the period July/May of FY 2024/25, remittances from Egyptians working abroad recorded a significant leap. The remittances rose by 69.6%, reaching about $32.8 billion (compared to around $19.4 billion during the same period a year earlier). Likewise, remittances increased during the period January/May 2025 by 59% YoY to record around USD 15.8 billion (compared to about $9.9 billion). On a monthly basis, remittances in May 2025 rose by 24.2% YoY to register about $3.4 billion, representing the highest level of inflows ever recorded in May (compared to around $2.7 billion). read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
See - Sada Elbalad
2 days ago
- Business
- See - Sada Elbalad
Egyptian Pound Gains Further as Dollar Falls Below EGP 49
Taarek Refaat The Egyptian pound continued its upward trajectory on Wednesday, with the US dollar falling below the symbolic 49-pound mark across major Egyptian banks for the first time in weeks. The move reflects growing confidence in Egypt's foreign currency flows, buoyed by a dramatic surge in workers' remittances and a narrowing current account deficit. According to the Central Bank of Egypt (CBE), the dollar traded at an average of EGP 49.02 for buying and EGP 49.12 for selling in early transactions. The lowest recorded buying rate stood at EGP 48.95, offered by Housing and Development Bank, while the highest selling rate reached EGP 49.32 at Abu Dhabi Islamic Bank. The recent appreciation of the pound, by roughly 20 piasters in just 24 hours, comes on the heels of robust macroeconomic data. Expatriate Egyptians sent home approximately $26.4 billion in the first nine months of fiscal year 2024/25, marking a staggering 82.7% year-on-year increase. Analysts say this inflow has provided a critical cushion for Egypt's foreign reserves and helped stabilize the local currency. At the National Bank of Egypt and Banque Misr, two of the country's largest state-owned lenders, the dollar stood at EGP 49.02 for buying and EGP 49.12 for selling. The Commercial International Bank (CIB) mirrored these rates, indicating a broad-based alignment among top institutions. Bank of Alexandria posted a slightly more favorable rate for buyers at EGP 49.00, while the Housing and Development Bank undercut the market further at EGP 48.95. Meanwhile, the Abu Dhabi Islamic Bank offered the highest rates, with the greenback priced at EGP 49.22 (buying) and EGP 49.32 (selling), likely reflecting stronger demand among its clientele for dollar liquidity. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
See - Sada Elbalad
2 days ago
- Business
- See - Sada Elbalad
Central Bank: Remittances from Egyptians Abroad Jump to $32.8 Billion in 11 Months
Amir Hagag The Central Bank of Egypt (CBE) stated that remittances from Egyptians working abroad achieved a significant surge in the period from July to May of the 2024/25 fiscal year, increasing by 69.6% to approximately $32.8 billion (compared to approximately $19.4 billion during the same period the previous year). The period from January to May 2025 also witnessed a 59% year-on-year increase in remittances, reaching approximately $15.8 billion (compared to approximately $9.9 billion). On a monthly basis, remittances in May 2025 increased by 24.2% year-on-year to approximately $3.4 billion (compared to approximately $2.7 billion). These are historic flows that have never occurred in May of any year. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
New Straits Times
15-07-2025
- Entertainment
- New Straits Times
#SHOWBIZ: South Korean actress Kang Seo-ha dies of cancer at 31
SEOUL: South Korean actress Kang Seo-ha, celebrated for her roles in dramas such as Heart Surgeons, Schoolgirl Detectives, and Through the Waves, has tragically passed away at the age of 31 after a battle with stomach cancer. Entertainment portal Allkpop reported yesterday that the Korea National University of Arts graduate was considered one of the Korean entertainment industry's most promising rising talents. Her family confirmed the heartbreaking news via an Instagram post. They shared a video featuring images of the late actress, accompanied by the caption: "Our angel who left too soon. Thank you for coming into the family. We all love you." Kang had been fighting stage-four stomach cancer, and her condition severely deteriorated during her second round of chemotherapy. Despite undergoing treatment and putting up a courageous fight, she succumbed to the illness on July 13.
The Star
14-07-2025
- Entertainment
- The Star
South Korean actress Kang Seo-ha dies at 31 after cancer battle
Despite her illness, she was working on the film Magnaein, in which she played the lead, before her death. Photo: Handout South Korean actress Kang Seo-ha, who appeared in the K-dramas Heart Surgeons and First Love Again , has died following her battle with stage four stomach cancer. Kang died at around 1.30pm on July 13, as confirmed in a report by Korean media outlet Sports Kyunghang a day later. Her wake will be held at the funeral hall of the Catholic University of Korea, Seoul St. Mary's Hospital. Her wake will be held at the funeral hall of the Catholic University of Korea, Seoul St. Mary's Hospital on July 16, and she will be buried in her family's plot somewhere in Haman, Gyeongnam Province. Despite her illness, she was working on the film Magnaein , in which she played the lead, before her death. An alum of Korea National University of Arts' School of Drama and first gained recognition, she first gained prominence after appearing in the music video of Brave Guys' song Getting Farther Away in 2012. Some of her other projects include Schoolgirl Detectives and Assembly. Her upcoming film Magnaein will be released posthumously after her death, although its release date has yet to be announced. – Philippine Daily Inquirer/Asia News Network
