Remittances from UAE up by 7.8% in Q1 2020


Remittances from the UAE were up 7.8 per cent in the first quarter of 2020 compared to the same period last year.

The UAE Central Bank says outward personal remittances totalled AED 41.4 billion.

India topped the list for countries with the most remittances between January and March at 37.8 per cent. Pakistan stepped in second at 11.4 per cent, while Philippines recorded 7 per cent at third position. Egypt recorded 6.6 per cent, while the US marked 3.6 per cent.  

Remittances to these countries were higher by nine to 20 per cent, except for the Philippines, which saw a drop of 3.6 per cent.

Meanwhile, the number of remittances through banks increased by 16.9 per cent, while transactions at exchange houses were up by 5.4 per cent. 

More from Business

Coming Up on Dubai Eye

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.


On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.


    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!