A rise in remittances over the last few weeks as a result of the drop in sterling
foreign remittances
expat remittances
Dubai’s Mashreq launches credit card remittances service
Mashreq customers can now use their credit cards to make instant money transfers to all banks in India and Pakistan
expat remittances
UAE expat remittances fall 11.7% y-o-y in Q1
The value of money sent home by expat workers fell to $10.45bn, with Indians still topping the list
Financial Services
UAE’s Noor Bank to offer instant money transfers to India
Indians abroad sent $79 billion in remittances home in 2018
expat remittances
Expat remittances from the UAE total $10.8bn in Q4
Central Bank of the United Arab Emirates figures reveal 7.7% drop compared to the year earlier period
expat remittances
Saudi Arabia reports 18% drop in expat remittances
The value of retail transactions in the kingdom reached a record $56bn for the first 11 months of this year
dirhams to indian rupees
India retains top remittances position with $80bn sent home
Remittances to the MENA region are projected to grow by 9.1% to $59 billion in 2018
exchange rate
Expat remittances from UAE increase 13% to $23.96bn
India received nearly 40 percent of the total remittances sent from the UAE in the first half of the year
expat remittances
Saudi Arabia denies plans to introduce expat remittance fee
Expats sent home nearly $38 billion in remittances from Saudi Arabia in 2017
Central Bank of Kuwait
Kuwait expat remittances reach $3.4bn in Q1
Total remittances for 2017 fell to $13.69 billion according to the Central Bank
Entrepreneurs
Number of white collar expats to go up after UAE’s new visa rules
Propertyfinder research also forecasts that remittances will go up as more money stays in the country
expat remittances
Expat remittances from the UAE up 17% in Q1
Transfers made up 27% of the country’s current account, though new laws including 100% foreign ownership and longer-term visa are aiming to keep retain expat earnings
expat remittances
Saudi Arabia sees $38bn of remittance outflows
World Bank data shows Gulf kingdom has one of the world’s largest outflows from expat worker population
expat remittances
UAE expat remittances hit $33bn in nine months
Asian workers, accounting for 82% of the total labour force in the country, sent 51% of total remittances during Q3
Central Bank
Saudi Central Bank cracks down on exchange bureaus
Monetary authority suspends three top money exchange houses